For those asking themselves, “should I wait for the Tesla solar roof?”, you are not alone. Elon Musk, co-founder and CEO of Tesla Motors, has a well-earned reputation for creating innovative 21st-century products that combine attractive designs with exceptional performance – and generate high levels of consumer interest as a result. The latest Musk technology to make a splash is the Tesla solar roof, which he revealed to great fanfare in October 2016. Here’s everything you should consider before making your decision, including what Tesla roof rivals you should consider.
If you’re considering solar, you’ve probably heard about the federal solar tax credit, also known as the Investment Tax Credit (ITC). The Federal ITC makes solar more affordable for homeowners and businesses by granting a dollar-for-dollar tax deduction equal to 30% of the total cost of a solar energy system.
What does 30% actually mean for the average solar shopper? According to EnergySage marketplace data, the average national gross cost of installing a solar panel system in 2018 is $18,840. At that price, the solar tax credit can reduce your federal tax burden by $5,652 – and that’s just one of many rebates and incentives that can reduce the cost of solar for homeowners.
There’s plenty of information out there about the value of the residential ITC, but figuring out how to actually claim the credit when it comes time to file your taxes is another story. We’ll walk you through the instructions step by step from Form 5695 to Form 1040.
You’ve probably heard about how solar energy can reduce your electricity bills, but how much do solar panels really cost? The easiest way to calculate the average cost of solar panels is to look at its price in dollars per watt, which is relatively consistent across the United States. Continue reading →
Solar panels aren’t the only component that you should be thinking about when you evaluate your solar system equipment. Solar power inverters play an equally important role in a solar system: they convert the electricity your solar panels create into a form that can be used by the appliances, lighting, and other electronics that are in your home. Once you understand how solar inverters work, and the different types of inverters available for solar, the EnergySage Solar Marketplace can help you compare solar quotes with different inverter types.
On January 22, 2018, the Trump Administration announced a 30 percent tariff on solar panels and cells imported into the United States. This announcement raised a lot of questions for solar customers on the EnergySage Solar Marketplace. One of the most popular questions: where can I find solar panels that are made in America?
Sunrun is one of the largest solar installation companies in the country and has partnerships with organizations like Comcast, Major League Baseball, and Costco. The company primarily offers solar leases and power purchase agreements (PPAs) to homeowners, although there are also cash purchase and solar loan options. Are you considering a lease or PPA offer from Sunrun? Before you sign on the dotted line, review EnergySage’s guide to evaluating your Sunrun offer.
While installing solar can save you money on your electric bill and reduce your carbon emissions, homeowners are going even further and using solar electricity to charge their electric car. Thanks to an innovative new product from SolarEdge, powering your car with solar electricity is easier than ever.
If you’re shopping for a solar energy system, one of your first questions is probably, “how much will it cost?” Prices depend on the size of your system, the type of equipment you choose, and the state that you live in, but reviewing prices for a 4 kilowatt (kW) system is a great place to start for many smaller homes. Learn more about how much a 4 kW solar system costs, how much electricity a 4 kW system will produce, and the smartest way to shop for solar.
How much does a 4kW solar system cost in 2018?
As of January 2018, the average cost of solar in the U.S. is $3.14 per watt ($12,560 for a 4 kilowatt solar system). That means that the total cost for a 4,000 watt (4kW) solar system would be $8,792 after the 30% Federal ITC discount (not factoring in any additional state rebates or incentives).
If you’re starting to think about installing solar at your home or business, you may have come across PVWatts, a calculator developed by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL).