Making an investment in your home can be a tough decision to make – especially regarding unfamiliar subjects like solar. Homeowners have a lot of questions about the type of panels needed, the quantity, and the installation process. But the most frequent questions we hear are: “Is solar energy expensive”, “Is it worth the money” and “Can I afford it?”.
When you’re shopping for a new home, you probably have a checklist of things to do. First, you walk through the home to see if it fits your lifestyle. Next, you have your real estate agent run comps to make sure it’s a good deal. Lastly, you hire an inspector to check out the house and make sure everything is working well.
Buying a house with solar panels is no different. You need to know if the installation fits your lifestyle (more on that later) and if it makes financial sense for you to purchase, both in the short and long-term.Continue reading
Before even contemplating installing solar panels for your home, one of the first things that homeowners often want to know is how much an average solar installation costs. It’s a very normal question, and you can read on for that average cost, but there is one caveat. There are so many factors that can affect an installation’s total cost that spouting off an average is not helpful – unless your home matches that average exactly, which is highly unlikely.
In the late 2000’s the solar industry introduced the solar PPA, or power purchase agreement, as a way for homeowners to easily install solar without any of the extremely high upfront costs solar installations usually require. Along with solar leases, PPAs quickly became a dominant source of financing for residential solar and accounted for an increasing number of residential solar installations in 2015.
Solar PPAs, along with leases, are considered 3rd party financing as individual solar installers (not the homeowner or utility) provide the upfront capital necessary for the installation. PPAs are somewhat of a strange system and might be a little confusing initially, but after some research, you’ll soon see why PPAs have become so popular across the country!
Today, let’s look at how PPAs are structured, how they differ from leases, and give a few tips to remember if you choose to move forward with a PPA.Continue reading
Is financing becoming easier with the rapidly growing solar industry? Yes definitely, but there are a couple of things you should consider before signing a deal and our Solar Financing Comparison gives you a great overview.
Solar panels are cheaper than ever before. Between emerging technologies and tax credits galore, you can put solar panels on the roof of your home for far less than what it used to cost even a decade ago.
How – and more importantly why – some blogger has decided to go solar might not be of great interest, after all, lots of people have gone solar now. But this is not just any blogger.
The WattsUpWithThat argument against climate change tends to be of the “oh, the hypocrisy” variety of climate change denial. You know the kind of thing: “Fat Al Gore flies in airplanes; so climate change is a hoax.”
Here we’ll take a look at what the investment tax credit is and how you can use it to your advantage, as well as how to use IRS Form 5695, the document required to claim the credit.
Information about Renewable Energy Certificates (SRECs) and the Renewable Portfolio Standard (RPS)
If you took the plunge and had a solar power system installed, you are already enjoying a lower electric bill, or perhaps no bill at all. Did you know that you might be able to earn some money besides? Every now and then a regulation or law comes along that is truly helpful, and the Renewable Portfolio Standard (RPS) that 16 states, plus Washington DC, have adopted is one that could work in your favor.
A war has been declared between the upstart solar industry and the older electricity suppliers.
The war is essentially between centralized and distributed energy. The electric utilities were originally set up in the days of large-scale centralized coal power stations and regulated as suppliers of essential public services.