A number of interesting developments emerged this week in the space of technical innovation and environmental protection with one common theme: solar. Solar’s momentum is as strong as ever now that wearable solar batteries do not need to be charged, NREL has forecasted $400 billion in environmental benefits from solar and Nevada homeowners may receive net-metering protection.
You may be hearing offers for “cheap solar panels” as a way to sweeten the perspective around solar energy. And sure, when you install solar on your home or business, you can save thousands on your electricity bills. But going solar isn’t cheap: buying solar panels to install on your roof typically costs thousands of dollars. It’s no wonder that the cost of solar is among the most important considerations for today’s homeowners. If you’re thinking about going solar and worried about prices, you’re probably wondering: just how cheap can solar panels actually get?
Adoption of renewable energy technologies has exploded across the world in recent months, and thanks to the bright summer sun at our doorstep, solar growth shows no sign of stopping. News of Prince’s solar energy advocacy, SolarCity’s newest loan product and 90 percent renewable energy generation in Germany are the headlines we’re reading in this week’s Solar Energy News report.
Installing a renewable energy system on your property is one of the best ways to save money on your electricity bills while reducing your impact on the environment. If you’re a homeowner weighing your renewable energy options, you already know that thorough research is the best way to find the right system for your home. Here’s everything you need to know about the benefits of residential wind vs. solar power so that you can make your decision with confidence.
Another active and exciting week in the solar power industry has come and gone with several exciting headlines left to show for it. A new record for the lowest solar price, a significant development in floating solar technology, and $25 million in funding from the DOE to promote grid modernization are three key headlines from this week’s Solar Energy News Report. Continue reading →
Solar panels and smart thermostats are two of the most powerful technologies available to help you take control of your home’s energy consumption. By installing solar and a smart thermostat in your home, you can minimize your environmental impact and maximize your clean power use. Here’s why solar panels and smart thermostats are the best way to turn your home into a 21st-century eco-friendly house.
The solar industry is soaring in 2016 just like the solar-powered plane that soared for 72 hours across the Pacific this past week. The arrival of Solar Impulse 2 in California, a new solar-powered town under construction in Florida and a mass migration of Texas workers from the oil industry to solar are three of the headlines you need to know in this week’s solar energy news report.
As the cost of solar continues to fall and the financial and environmental benefits of solar PV grow, more organizations are collaborating to provide reasonably priced solar options to homeowners. For example, National Grid recently announced that it is partnering with EnergySage to offer a solar marketplace option to its Rhode Island customers. Recently, Comcast also announced a partnership: the cable company will offer a discounted solar option to its customers through an exclusive partnership with Sunrun. Find out more about what the Comcast solar offer means for you.
Home solar power is more popular than ever in the United States. Last year, the U.S. installed enough solar to power 5.4 million homes across the country. It’s no wonder homeowners love being powered by the sun: when you install solar PV, you can save money on your electricity bills, increase your property value, and do your part to protect the environment. If you’re starting to think about going solar, knowing that your home and solar are a good match makes the shopping process even easier. Here are the top five questions and answers that will help you determine whether solar is right for your home (read on, it might surprise you):
If you’re considering solar, you’ve probably heard about the federal solar tax credit, also known as the Investment Tax Credit (ITC). The Federal ITC makes solar more affordable for homeowners and businesses by granting a dollar-for-dollar tax deduction equal to 30% of the total cost of a solar energy system.
What does 30% actually mean for the average solar shopper? According to EnergySage marketplace data, the average national gross cost of installing a solar panel system in the first half of 2015 was $29,225. At that price, the solar tax credit can reduce your federal tax burden by $8,768 – and that’s just one of many rebates and incentives that can reduce the cost of solar for homeowners.
There’s plenty of information out there about the value of the residential ITC, but figuring out how to actually claim the credit when it comes time to file your taxes is another story. We’ll walk you through it.