The HERO Loan Program by Renovate America is one of the most popular energy loan options in California. HERO loans offer reasonable interest rates that make it possible to fund energy upgrades like new windows and updated HVAC systems. Homeowners and businesses in hundreds of communities across the state have used HERO loans to make clean energy upgrades to their properties. One of the most popular uses for HERO loans is to reduce energy bills by installing solar panels.
The financial benefits of going solar are now well documented. Solar panel systems actually function as investments with strong rates of return, and homeowners generating solar electricity can avoid paying increased utility rates by eliminating their electricity bills. According to a 2015 report by the Lawrence Berkeley National Laboratory, installing solar panels on your home can even increase your property values. If you’re reviewing multiple quotes, there are plenty of metrics that can help you make a decision about which solar option is best for you, but studies show most solar shoppers rely on one metric in particular: the solar panel payback period or break-even point.
Sunrun is one of the largest solar installation companies in the country and has partnerships with organizations like Comcast, Major League Baseball, and Costco. The company primarily offers solar leases and power purchase agreements (PPAs) to homeowners, although there are also cash purchase and solar loan options. Are you considering a lease or PPA offer from Sunrun? Before you sign on the dotted line, review EnergySage’s guide to evaluating your Sunrun offer.
The takeaway is this: If you are thinking about purchasing a solar system for your home, the study’s conclusions should give you a boost of confidence that you are making a smart investment. LBL finds that homes with solar panels will benefit from a ‘solar premium’ when they are sold because buyers are willing to pay more for a home with solar panels. Continue reading →
In the past, solar was out of reach for most homeowners. Loans were difficult to access, and upfront equipment and installation costs were too high for most people to pay in cash. By bringing the third-party lease to the solar market, SolarCity made solar accessible to the masses and enabled homeowners to go solar with no money down. In October 2014, SolarCity launched its first solar loan option: the MyPower loan product.
Solar power has become increasingly popular in recent years, and Massachusetts is doing its part to contribute to the solar revolution – the Bay State has the number six spot on the Solar Energy Industries Association’s top 10 states for solar power. The major motivator: high electricity prices and some of the best financial incentives for solar in the country. The average Massachusetts homeowner can save tens of thousands of dollars on their electricity bills over the lifetime of their solar energy system.
Who are the top solar companies in the world and in the USA? Industry analysts from IHS, SEIA and Renewable Energy World released their list for the year of 2015, based on updated shipping forecasts from each of the companies included. Continue reading →
If you’ve ever thought about installing solar panels on your home, you’ve probably heard of SolarCity. Headquartered in San Mateo, California, SolarCity is the largest solar company in the country, and primarily offers solar leases and power purchase agreements (PPAs) to homeowners. Do you have a SolarCity proposal in hand? Read on for a guide on how to evaluate your SolarCity quote.
One of the things you may have questions about as you shop around for a solar system is where the solar panels are manufactured. This article will help you determine whether a panel’s country of manufacture should be a key consideration for you.
Does it matter where solar panel companies are based and where they make the panels?
When it comes to quality, the mention of any country’s name will evoke an association; each nation has its own brand image, which may or may not be justified. You as a smart solar shopper, however, will want to look at the facts in order to make a more well-informed decision. Our recommendation is to judge each panel by its own merits. (A good place to start is EnergySage’s Solar Buyer’s Guide.)Continue reading →
Going solar is like all big home improvement project – the more questions you ask beforehand, the better prepared you’ll be on installation day. And while most homeowners understand the importance of vetting potential solar installers, they may not realize it’s equally as important to fully vet their loan provider too. There are many financiers throughout the country that offer solar loans with varying terms and conditions, but how do you determine which is best for you? Here’s a quick checklist of the top questions to ask your solar financing company before you sign an agreement with them: