If solar financing sometimes feels like alphabet soup, you’re not alone! But EnergySage is here to help. Going solar is a lot like any other big purchase, you can lease or you can own. But you don’t have to do all your research on your own, we’ve got all the information you need about how to make going solar fit your budget. Solar financing (like housing) falls into two main categories, when you own the system or when a third party owns the system (like owning your house, or renting).
An encyclical from Pope Francis that was due to be released this Thursday has been leaked by an Italian magazine. The teaching letter focuses on the effects of climate change on the poor, and argues that action to mitigate its effects is a moral imperative for the world’s one billion catholics. USA Today is reporting that scientists all over the world are hailing the letter as a great step towards meaningful steps against climate change. Some, like Observatorio do Clima, a network of Brazilian climate change advocacy organizations, even see him as a superhero. (They put together this trailer for the Pontiff’s summer blockbuster.)
EnergySage and the North Carolina Clean Energy Technology Center at NC State University (NC CETC) announced today a partnership to help consumers and businesses make well-informed and profitable decisions about solar energy adoption. The resulting EnergySage North Carolina marketplace enables residents and business owners to quickly research and compare solar options and obtain multiple price quotes from pre-screened solar installers. The marketplace also provides the state’s solar installers access to a large pool of knowledgeable prospective clients, giving them the ability to reduce customer acquisition costs and efficiently grow their businesses.
Sometimes it feels like news moves at the speed of light! Here’s a round up of Solar energy news for the week of May 18th, 2015.
(Update: On December 18, 2015, Congress extended the solar tax credit for homeowners through 2021. Click to learn more about the extension.)
Where did the Solar ITC Come From?
With the passage of the Energy Policy Act of 2005, during the George W. Bush administration, the Solar Investment Tax Credit (ITC) was created. It allowed people getting a solar energy system installed to recoup 30 percent of the total cost of a solar energy system, but residential systems were capped at a $2,000 return. The ITC was scheduled to expire only a few years after it was passed, but in 2008 an extension was passed as part of the Cantwell-Ensign Clean Energy Tax Stimulus Act of 2008 which was part of the Emergency Economic Stabilization Act of 2008 (sometimes called the TARP for the section that included the Troubled Assets Relief Program). At that point the $2,000 residential cap on the ITC was removed. Now the ITC is set to expire completely for residential projects at the end of 2016, for commercial projects it will shrink to covering 10 percent of the costs.
(Update: On December 18, 2015, Congress extended the solar tax credit for homeowners through 2021. Learn more about the extension.)
EnergySage announced today that it is expanding its presence to help consumers make well-informed and profitable decisions about solar panels in New York. Backed by the New York State Energy Research and Development Authority (NYSERDA), the EnergySage New York Solar Marketplace will enable residents to quickly research and compare solar options and obtain multiple price quotes from pre-screened solar installers. The marketplace will also provide New York’s solar installers access to a large pool of knowledgeable prospective clients, giving them the ability to reduce customer acquisition costs and efficiently grow their businesses.