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 →
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.
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.
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.
The main takeaway for you is this: solar panels are definitely worth the investment in New York – especially if you’re willing to shop around for a good deal. Compare your options on the EnergySage New York Solar Marketplace.
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.
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.
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.
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.
Still think solar panels are an expensive way to generate electricity? Think again. Solar energy system costs have fallen significantly in recent years, becoming increasingly competitive with power from electric utilities across the US. And as the global solar industry grows, prices look set to fall even further.
According to Deutsche Bank’s 2015 Solar Outlook report, solar energy system costs are likely to drop 40% in the next 4-5 years, in keeping with the steep downwards trend of the past decade. Given that utility electricity rates are only going to continue to rise, this means solar is set to become an increasingly attractive financial option for homes and businesses around the US – and the world.
Another report titled “Renewable Energy Generation Costs in 2014” released in January by the International Renewable Energy Association (IRENA) backs up Deutsche Bank’s conclusions. Like the Deutsche Bank report, IRENA also concludes that falling costs have made solar financially competitive with grid electricity in many parts of the world – including much of the US. The report also shows that there have been dramatic declines in the cost of solar energy systems in the past few years (including a 3/4 drop in the cost of solar panels) – and says that there is still substantial room for further cost reductions as the solar industry expands. Continue reading →
If you’re shopping around for a solar energy system, you undoubtedly have questions that you want to ask your solar company. But what questions are the most important ones to ask an installer?
The decision-making process is a bit easier if you divide the questions into two ‘stages’: First, you can ask the key questions which allow you to understand the value that their product offers. This will help you to rule out the options which are definitely not for you. After you’ve answered these questions, you can ask the questions that will help you make the final choice between this narrowed-down range of options. We discuss some of these questions below. Continue reading →