If you’re shopping for a solar energy system, one of your first questions is probably, “how much will it cost?” Prices depend on the size of your system, the type of equipment you choose, and the state that you live in, but reviewing prices for a 25 kilowatt (kW) system is a great place to start for many smaller homes. Learn more about how much a 25 kW solar system costs, how much electricity a 25 kW system will produce, and the smartest way to shop for solar.
How much does a 25 kW solar system cost in 2017?
As of January 2017, the average cost of solar in the U.S. is $3.16 per watt ($79,000 for a 25 kilowatt system). That means that the total 25 kW solar system cost would be $55,300 after the 30% Federal ITC discount (not factoring in any additional state rebates or incentives).
In 2016, rooftop solar installations increased by a whopping 95 percent in the United States, and the trend is continuing in 2017. There are a few concentrated areas of the country where the rate of growth is particularly dramatic. Over the past decade, the Northeast has become one of the most popular areas for solar energy in the U.S. thanks to major solar incentives and a need to combat rising electricity costs. Massachusetts is the top state for solar in the region, with the summer destination of Cape Cod is particularly popular for solar installations. In fact, on the EnergySage Solar Marketplace Cape Cod registered nearly 10% of all consumer activity in Massachusetts in 2016. In this article, we’ll break down the different ways a homeowner can go solar on the Cape and what they should expect for cost, savings and quality of equipment.
Community solar – the concept of leasing or owning a share of a large solar array rather than having a personal solar installation on your rooftop – continues to gain popularity across the continental United States. According to the Solar Energy Industry Association (SEIA), there will be a 1.8 gigawatt (GW) increase in installed photovoltaics from community solar arrays over the next five years. Minnesota, Colorado and California – the undisputed best states for community solar – will drive the majority of that growth. You might wonder, why are these states so ideal for roofless solar compared to the 47 others in the U.S.? Here’s how these community solar leaders rose to the top.
Massachusetts has always been one of the best states for solar. Not only does the Bay State have the high electricity rates that lead to a short payback period for your solar investment – it also has a history of having strong solar incentives for property owners looking to own a solar panel system.
It was a big week for the solar industry that saw a number of milestones around growth and political support. The bipartisan lobbying for solar and wind, solar’s overthrow of the coal industry and a new 100% renewable goal for California has solar stakeholders buzzing in this week’s Solar News Report.
What You Should Know About Solar Energy: Costs Are Going Down
If you’re considering whether going solar is a worthwhile financial move for your home, there are essentially two factors that you should look at: 1) the costs associated with solar power, and 2) the rates you pay for electricity from your utility. Going solar makes economic sense when solar electricity costs less than grid electricity.
As for solar, it is clear that costs are coming down. Rooftop solar panels are now more affordable and accessible than ever. This is why more and more households are having solar energy systems installed: going solar is a great way to reduce your power bills.
But what about the future cost of grid electricity? If electricity rates are going up, then of course going solar makes sense. As you’re probably aware, however, utility electricity rates fluctuate seasonally and annually. “What if utility electricity rates go down instead of up?” you might be asking yourself. Would it still be worth it for you to go solar? This article seeks to address this question and put to rest any idea that grid electricity rates could be going down. Continue reading →
If you’re shopping for a solar energy system, one of your first questions is probably, “how much will it cost?” Prices depend on the size of your system, the type of equipment you choose, and the state that you live in, but reviewing prices for a 20 kilowatt (kW) system is a great place to start for many smaller homes. Learn more about how much a 20 kW solar system costs, how much electricity a 20 kW system will produce, and the smartest way to shop for solar.
In addition to California, the new study investigates home pricing trends Connecticut, Florida, Massachusetts, Maryland, North Carolina, New York and Pennsylvania by analyzing the sales of over 20,000 homes in these states. LBL’s analysis of the housing markets in these other states shows that the premium paid for homes with solar is not a phenomenon isolated to the Golden State. The clear takeaway: solar panels really do add value to a home.
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 →
It was a busy week for a fast-growing industry that began its transition to a new presidential administration, following the recent inauguration of Donald Trump. A new 100% renewable energy target for Massachusetts, the record pace of job growth for wind and solar and Apple’s new solar power plant are the headlines we’re discussing from this week’s Solar Industry Report.
The Mass Save energy assessment program is Massachusetts’ all-encompassing energy efficiency campaign, and is sponsored by both your electric utility and energy efficiency providers. The program is available to renters, homeowners, and businesses across Massachusetts. Here’s the complete breakdown of all the different measures that you can take to reduce your energy use and resultant utility bills through the Mass Save program in 2017. Continue reading →