Tag Archives: solar loans

Energy Smart Colorado, Boulder funds energy improvement options for your home

Energy Smart Colorado is Colorado’s all-encompassing home energy upgrades program. It is sponsored by electric utilities across the state, and is available to renters, homeowners and businesses in Eagle County, Gunnison County, Summit County, Lake County, Roaring Fork Valley and Yampa Valley. Property owners in Boulder County can also participate in the Energy Smart Boulder program, which offers similar benefits. Here’s the complete breakdown of all the different measures that you can take to reduce your energy use and shrink your utility bills through Energy Smart Colorado and Energy Smart Boulder in 2017.
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Is Solar Energy Worth it in New York in 2017?

new york solar energy graphic

There’s no question that New York state is headed in the right direction. Find out why now is such an exciting time for sunshine in the big apple.

Are you considering a solar energy system for your home or business in New York, but want to know more about the costs and benefits before making a decision? In this article we look at the reasons why going solar is a good idea in New York, and also examine the various incentives and financing options that may be available to you if you are a New York resident.

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Are solar panels really worth it?

is solar worth it?

Every solar company has a variation of the same sales pitch, “did you know going solar can save thousands of dollars?” They make it sound so easy, but the truth is, whether solar is a smart long-term investment for you depends on a few major factors. So before you buy into the hype, we recommend you use this simple guide to cut through the sales jargon and determine if solar panels are actually worth the money.

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What happens if your tax liability is too small to claim the Investment Tax Credit for solar?

investment tax credit

The Investment Tax Credit (ITC) is a generous incentive from the federal government. It was put in place to encourage uptake of solar energy and other renewable energy systems in 2006. It has been tremendously successful in this goal: the number of solar installations in the US has increased 1,600% since the ITC was introduced.

Many EnergySage customers quickly understand the potential benefits of the ITC, but have questions when it comes to the particulars of how it operates. Frequently, we field questions about whether or not they can claim the ITC at all, and when and how it can be applied to their tax bills. Continue reading

Is residential electricity price going up or down?

electricity rates and solar cost trends graphic

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

Consumer Reports reviews solar panels, declares, “Never Been a Better Time to Switch to Solar”

solar panel consumer reports

Solar is no longer the uncommon renewable energy it once was. Today, trusted review organization Consumer reports is offering its insight about the best solar companies and best ways for consumers to install solar panels.This year, the millionth home solar panel system was installed in the United States. If you had any doubts about whether solar is now in the mainstream, Consumer Reports’ recent guide around the best way to go solar should erase them. In its August 2016 issue, the industry-leading nonprofit magazine declares, “There has probably never been a better time to switch to solar” – and suggests that U.S. homeowners use EnergySage’s Solar Calculator to determine whether solar makes sense for their homes.

The research team at Consumer Reports took on the entire solar shopping process, covering topics from equipment to financing to evaluating the installer you choose to build your solar energy system.

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SolarCity MyPower Loan: Interest rate explained and other takeaways

SolarCity MyPower loan reviews and explanation graphic

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.

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Comcast & Solar: Sunrun Partnership Explained

comcast sunrun partnership explained by EnergySage

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.

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How to Claim New York’s Solar Tax Credit Under Lease or PPA

new york solar tax credit graphic energysage

With endless reasons to go solar in New York, many homeowners are enjoying the luxury that is the New York State Solar Tax Credit and you should too. In this article, we break down everything you need to know about tax incentives in NY.

New York State’s Solar Equipment Tax Credit is one of a suite of generous tax incentives and rebates for solar panels available in New York State. It is an incredibly generous and flexible incentive, saving you up to $5,000, depending on how much you spend on solar. How and when can you claim the credit if you go solar under a solar lease or power purchase agreement (PPA)? Learn more in this article about solar energy in New York and the tax incentives you can take advantage of.

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Fannie Mae & Solar: HomeStyle Energy Program Explained

Fannie Mae HomeStyle Energy Mortgage for Solar

For property owners who want to maximize their solar savings, solar loans make it possible to buy a solar energy system even if you don’t have the cash on hand to make a purchase. Solar loans come in many different forms, including home equity loans and home equity lines of credit, unsecured loans from specialty lenders, and Property-Assessed Clean Energy (PACE) loans. Thanks to Fannie Mae, there’s a new solar financing option available to many homeowners – and it could be a game changer. If you’ve explored solar loans in the past and haven’t found what you’re looking for, it’s time to take a look at the new Fannie Mae HomeStyle Energy Program.

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