Solar loans are bridging the gap between purchasing your solar panel system with cash and using a lease or PPA. Like a purchase, a solar loan allows you to own your system and reap the many financial benefits tied to ownership. Like a lease or PPA, it will allow you to go solar with no money down. Today, a host of banks, credit unions and specialty finance companies have emerged presenting a wide range of solar loans. Continue reading
Now that you know more about SRECs, you’re aware of the significant benefits they can provide. So, right about now, you may be thinking, if a normal size system generates hundreds of dollars a year from SRECS, why not install a much bigger system that could increase that number by a multiple of 10? It seems like the perfect plan. Continue reading
Although many commentators, bloggers, and armchair pundits argue that solar power is only cost-effective in sunny locations, the fact is that just isn’t true. While the argument that more sun means more electricity means more savings may seem tenable at first, it isn’t consistent with what’s happening in today’s solar market. New Jersey certainly isn’t mounting a strong challenge to become the new “Sunshine State,” and yet, it’s installed more solar than any other state in the U.S. On the global stage, high-latitude Germany is the clear leader in solar installations. An endless summer is no longer a requirement for solar power success. Continue reading
When shopping for solar photovoltaic (also known as solar panel, solar electric) systems, many businesses and homeowners focus mainly on price. To that end, dollars per watt is a key metric when comparing quotes because it allows the consumer to adjust for differences in system size. While price is certainly an important factor, maximizing the value of your investment both financially and environmentally, involves consideration of several other, equally important factors. Here are some that we think are vital to making the right decision about your solar panel system. Continue reading
Of all the incentives for installing solar panel systems, solar renewable energy certificates (SRECs) are some of the most potent, yet least-understood. You may have heard enigmatic terms like “SREC markets,” “solar renewable portfolio standards,” and “minimum compliance payments” thrown around in discussions about SRECS, but sifting through of all this jargon can be downright mind-numbing. However, SRECs can provide sizable streams of money to owners of solar power systems, so learning about what SRECs are, where they are available, and how they can make solar more financially-rewarding can, quite literally, pay off in a big way.
Continued from Part 1
10:30 AM – the doorbell rings on Martin Luther King day. It’s 12 degrees out and the guy at the door – in blue coveralls with the NStar logo – is from the electric utility company. Carmine – that’s his name – is here to install two “net-meters” to prep for our upcoming Photovoltaic installation. He explains that normal electric meters go only one direction, but net-meters go forwards and backwards as well. Continue reading
Hello to new EnergySagers –
I’m located in Massachusetts and I thought my recent experiences looking into solar PV for my house might be helpful for folks.
First off, I should say that I’m pretty lucky to have an unobstructed south-facing roof. I’ve been thinking about solar for a while, and watching prices go down, so a couple of months ago I started asking people who had installed solar PV panels if they could recommend companies. I found two through word of mouth and then I found three more via EnergySage.com.
The Breakdown of Solar Financing Options
Most people who are sold on the financial, environmental, and community benefits of clean energy systems such as solar photovoltaics, small wind and geothermal, may still find the upfront cost to be a stumbling block. Before you become discouraged, make sure that you’ve done the math. There are many rebates and incentives available, that can significantly reduce the cost of your system, anywhere from 30%-50%. If you still feel that that you can’t afford the upfront investment, you still have options. Rather than buying a clean energy system outright, you may be able to A) borrow the money you need to purchase your system or B) you could lease the system with no upfront cost to you. Both options ensure that you can still save a significant amount on your energy bills.