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.
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
What should you look at to determine if you’re getting a good deal on solar? There are lots of things to pay attention to when deciding on a solar energy system; but two of the most useful metrics for evaluating the cost and value of a solar power offer are price per watt, measured in dollars per watt of energy ($/W), and ‘levelized cost of energy’ (LCOE).
Looking for Fannie Mae solar panel loans? Check out our article on the Fannie Mae Homestyle Energy Program.
Solar loans and solar financing provided by Fannie Mae have drawn major attention from homeowners as one of the new premier ways to save big withs solar panels. And one question that EnergySage receives regularly from our customers is: “Will solar panels increase the value of my property?” It is clear that the answer is already a resounding ‘yes’, and the evidence only continues to mount. We have compiled a list of studies that highlight this point, and recently wrote about Lawrence Berkeley Laboratory’s recent study showing that solar panels increase home values significantly across the US. These studies mainly look at cases where the homeowner is also the owner of the solar panel system.
There are a number of generous incentives for solar power in New York State, and NY’s Solar Equipment Tax Credit is one of them. The Solar Tax Credit plays a major role in making solar energy installation in New York state a bright idea. But who qualifies to claim it and how much is it? Continue reading
If you’ve been shopping around for a solar panel system, you’ve probably heard at least one company advertise ‘free solar panels’ – that they will install a solar system on your roof for free. But, much as with anything, remember that there is no such thing as a free lunch (or a free solar panel).
Decoding the sales pitch: The term ‘free solar panels’ is sometimes used to advertise solar lease or solar power purchase agreements (PPAs).
Under both types of arrangements, a company will put solar panels on your roof for no money up-front, but will charge you for the electricity that they produce.
Despite the state’s reputation for its cold, snowy winters, going solar is in fact a great way for Massachusetts residents to save money on their power bills. In this article we take a look at why solar panels are such a great investment for your home or business in Massachusetts.
Why are solar panels so popular in Massachusetts?
2015 was a big year for residential solar power for the USA. Massachusetts is going to be one of the states that leads the way as more and more Massachusetts homeowners and businesses discover the benefits of rooftop solar panels in MA. Once a state filled with underserved renewable demand, Massachusetts is starting to heat up as a leading solar state, according to various data reports. Continue reading
Let’s face it: life happens. You may be planning to install solar at your house this month, but five years down the road you could get relocated for work and have to sell your house and move elsewhere. Or, you might be living in a home that you expect to outgrow but aren’t quite sure of when that next move will happen. The question is, when you don’t know if you’ll be in your home indefinitely, should you still be considering solar? The short answer is,YES. Going solar is still a viable money-saving solution for your house, even if you expect to sell it in the foreseeable future.