In 2011, the sheer quantity of solar panels residents and businesses of Gainesville, FL had installed made national news. The number of solar installations was three times as high as the US national average and higher even than solar-friendly countries like Japan and France. No doubt this spike in popularity was due in part to GRU’s (Gainesville Regional Utilities) very popular solar feed-in tariff program which provided incredible financial incentives for solar electricity pushed back into the grid by their solar customers.
It might seem like solar panel removal would be a bit of a taboo topic in a community so heavily focused on renewable energy production, but the reality is that solar panels are just like any other piece of equipment attached to your home. Just like the occasional HVAC replacement, it’s entirely possible that you will need to remove your solar panels for one reason or another at some point.
Just like purchasing a car or a home, solar is an investment.
In fact, besides cars and houses, solar is one of the more expensive investments you can make. It’s a long term investment and homeowners spend thousands of dollars paying off the installation over its 20 year expected life. However, the thousands of dollars in financial savings that homeowners can see, more than make up for these costs. Like any good investment though, you need to make sure that you are getting the most affordable solar and the best bang for your buck to increase your financial savings as much as possible.
The single most important tool to ensure you’re getting the most affordable installation? Knowledge.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.
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.
Solar EV: the first-ever promotion to bundle a solar roof with an electric vehicle by a coalition of municipal governments in Colorado during the last four months of 2015 was a huge success.
The program resulted in a sharp rise in EV purchases as more people were alerted to the powerful carbon-cutting synergistic relationship created by marrying rooftop solar to an EV in the garage. The Southwest Energy Efficiency Project (SWEEP) provided support.
With the increased interest in battery storage, as a companion to a PV installation, the IRS, in October put out a request for comments on ways to improve the battery storage 30% ITC.
This way to go solar would not have been possible before the age of Big Data. The plug is essentially an information transfer mechanism.
In a truly surprising move, the US congress actually moved pre-emptively ahead of the 2016 expiration of the Investment Tax Credit (ITC) for solar to extend the ITC.
The ITC will now continue at 30% until the end of 2018 for both homeowners and businesses, and then step down over the next three years to 25%, then 20%, then 15%, until it is just 10% in 2022. The ITC is essentially a 30% discount on the cost of going solar.