People often think SRECs and net-metering are the same thing, but really, the comparison is like apples to oranges. It’s true that they are both important to getting the best financial results from your solar PV system, but SRECs and solar net-metering actually have very different, distinct functions.
SRECs are a way to put cash in your pockets while net-metering is an efficient way to manage the finances related to your utility bill. Both can have positive financial effects and understanding the difference between the two can help you, as the owner of a solar PV system, to maximize the benefits of both. Here’s how it all works: Continue reading →
If you’ve been wondering “do solar panels work at night?”, you’re certainly not alone. If you choose to rely on solar panels for your home electricity use, it’s important to understand how solar panels can be a reliable source of power during night time when there is no available sunlight.
Net metering in California is part of what makes the Golden State the undisputed leader for solar in the country. In fact, California saw 13,241 megawatts (MW) of solar installed as of the end of 2015, more than five times as much as #2 state Arizona.
Solar panel systems have become one of the fastest-growing sources of energy in the United States. According to the Solar Energy Industries Association, the solar market will double in size in 2016. The popularity of solar power has led to the rise of another renewable technology: solar batteries that can store extra solar power for later use. Companies like Tesla Motors are developing batteries that can be installed with solar panels to create “solar-plus-storage” systems for your home. Read on to learn more about residential solar batteries, and find out if you should consider installing a solar-plus-storage system for your home.
The biggest annual conference in the solar industry, Solar Power International, was this week, and with SPI’s industry buzz came a number of exciting developments in solar. A major net metering win for Nevada homeowners, a new wearable textile that can integrate solar cells and news of North Carolina dethroning Arizona as the number two state for solar are the headlines we’re talking about in this week’s Solar Energy News report.
As community solar gains more attention in the U.S., more and more homeowners are hearing about a solar incentive referred to as “virtual net metering.” Thus, the question everyone is asking is fairly obvious: what exactly is virtual net metering, and how does it work? We’ve got the explanation.
“…The economic benefits of net metering actually outweigh the costs and impose no significant cost increase for non-solar customers. Far from a net cost, net metering is in most cases a net benefit—for the utility and for non-solar rate-payers.”
You may have heard an endorsement like this before from renewable energy advocates and representatives of solar installers. But those words didn’t come from SolarCity or from the Solar Energy Industries Association (SEIA) – they came from the Brookings Institute, one of the country’s most respected nonpartisan think tanks.
When you think of Massachusetts, you may think of the historical city of Boston, its championship sports teams, or distinctive pronunciation of the letter “R”. Now, it’s time to add a new association to the list because Massachusetts solar incentives and programs are now considered some of the best in the country. In this article, we break down these incentives and explain why solar panels are such a great investment in Massachusetts in 2016.
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.