Solar loans are the fastest-growing method of financing a solar panel installation your home or business. Across the country, more than half of all new solar installations are done with either a cash purchase or through a solar loan.
Based in sunny California, Renew Financial is one of the leading providers of Property Assessed Clean Energy (PACE) financing in the country. If you’re comparing quotes for solar installations or other home energy upgrades from different contractors, you may have seen a CaliforniaFIRST or other financing option from Renew Financial.
Most home solar panel systems are installed by a qualified solar installer, but more DIY-minded homeowners are exploring options like solar panels for sale online and solar panel kits available for purchase in hardware stores. If you’re one of the millions of Americans considering solar, you’ve probably come across some of the DIY solar products available – but do you know how to choose the best product out of all the solar panels for sale? Here’s your complete guide to finding the right option for your home.
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?
Kyocera is one of the world’s oldest solar panel manufacturers, and has manufactured solar panels since the early 1980s. The electronics company manufactures its solar products in Japan and China, and is one of the most popular brands featured in quotes to solar shoppers comparing their options on the EnergySage Solar Marketplace.
The era of renewable resources and alternative energy has arrived. It’s cheaper now than ever before to generate electricity from solar, wind, hydropower and other examples of renewable resources, catapulting them from fringe options to the fastest-growing energy resources in the country. In 2017, renewables set a record in the U.S. by generating 15% of all electricity, predominantly due to hydropower, solar and wind. What are some other examples of renewable energy? We’ll go down the list.
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 process step by step from Form 5695 to Form 1040.
Home energy storage is a relatively new technology that’s steadily gained interest over the past few years, and it’s hard to know where to start when comparing all your options. Top solar batteries like those made by Tesla and Sonnen make it possible for homeowners and businesses to store their excess solar energy instead of sending it back to the grid, so that when the power goes out or electricity rates spike they can keep the lights on. If you want to install a solar battery at your home, you have a few different choices currently available to you. Compare the Tesla Powerwall vs. Sonnen eco vs. LG Chem vs. Aquion Aspen in terms of capacity, warranty, and price.
Net metering in California is part of what makes the Golden State the undisputed leader for solar in the country. In fact, California saw 20,163 megawatts (MW) of solar installed as of the end of 2016, more than five times as much as #2 state North Carolina.
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 →