Tag Archives for " financing "

How to Ensure the Most Affordable Solar Installation

affordable solar

How to find the most affordable solar possible.

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

Solar Financing Options

Solar Financing Comparison

Our Solar Financing Comparison gives you insight when reviewing you financing options for Solar Installations.

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.

There are really just four main solar financing options:

  1. Solar Leases;
  2. Power Purchase Agreements (know as PPA);
  3. Solar Loans;
  4. Full upfront cash.

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Solar Loans: Everything You Need to know

solar-financing

The solar loan is an integral part of the rapidly growing solar industry – but there are a couple of things you should consider before signing a deal.

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.

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Claiming The Solar ITC: IRS Form 5695 Instructions

ITC-Form 5695

While advancements in efficiency and the natural cost decline as the technology has been refined are partly to thank for solar’s astounding growth, one major factor in this feat is the ITC (Solar Investment Tax Credit).

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.

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Solar EV Program in Colorado: Huge Success!

nissan leaf solar ev

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.

Colorado has innovated a marriage made in heaven: EV and PV

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.

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Include Batteries with Your PV to get a 30% ITC for Storage

PV storage

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.

The IRS will issue a final ruling at the end of 2016 on the specific conditions under which batteries are eligible for the 30% ITC

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Federal Tax Credit (ITC) for Solar Energy Gets Extended

federal tax credit

The 30% solar ITC has been extended till the end of 2018!

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.

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SolarCity Launches Affordable Housing Solar

A new solar service aimed at affordable housing launched this month in California, bringing solar to apartment renters.

SolarCity has been roped in to work together with the developers of affordable housing units to bring solar to low-income renters.

SolarCity will partner with low-income developer and solar advocate Everyday Energy on the offering. Everyday Energy already develops, designs and installs solar energy systems on affordable housing properties.

Everyday Energy CEO Scott Sarem suggested in a statement that SolarCity’s financial heft and name brand will allow the firm to expand  the range of the kinds of multifamily affordable housing units that it has been installing solar on.

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