Category Archives: Cost Benefit

Articles concerning the pricing of solar and the economic benefits of going solar.

4.5 kw solar system

How much does a 4,500 watt (4.5 kW) solar system cost?

Reading Time: 3 minutes

For many households in the United States, a 4.5 kW solar system is the right size to significantly cut electricity costs. Want to know the best way to ensure you’re getting the right price for your solar panel installation and maximizing your long-term savings? Compare your solar quotes with the prices that other solar shoppers paid for their 4.5 kW solar systems near you. Learn more about the cost of a 4.5 kW solar system, how much electricity your 4.5 kW system can produce, and what the smartest way is to shop for solar.

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5kw solar energy system

What does a 5,000 watt (5 kW) solar system cost in the U.S.?

Reading Time: 4 minutes

5 kW solar systems are near the average size for solar panel installations in the United States, so for those wondering how much solar will cost to install, looking at some price data for 5,000 watts of power is a good place to start. Prices will vary based on the size of your system, the type of equipment you choose, and the state that you live in. Learn more about how much solar panels cost, how much electricity a 5kW system can produce, and the smartest way to shop for solar. 

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off grid with solar

Going off-grid with solar: what does it mean and how much will it cost? (Part 2)

Reading Time: 5 minutes

This is Part 2 of a two-part series that explores the economics of going completely off-grid with solar. Part 1 focuses on what it actually means to go “off-grid” and how to start thinking about calculating the costs for cutting the cord with your utility. Part 2 discusses two real-world examples of sizing an off-grid solar energy system, along with the feasibility of going through with an off-grid solution. Check out Part 1 here.

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The ITC was extended (again)! What you need to know in 2021

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On December 21, 2020, Congress passed the omnibus spending and COVID relief bill, and on Sunday, December 27, 2020, President Trump finally signed it into law. In addition to keeping the lights on in our government and providing much needed financial relief for businesses and people alike who have been impacted by COVID, the 5,000+ page, end-of-year spending bill also provided a ray of bright light for the solar industry: an extension of the solar ITC. Here’s what you need to know about how the ITC extension impacts your solar project. 

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google project sunroof

Google Project Sunroof: making solar easier

Reading Time: 4 minutes

The cost to install solar has dropped by more than 70 percent in the last decade, with prices in Q3 of 2020 hitting the lowest levels ever recorded. Yet many still believe that solar is only a luxury item for green-minded consumers, rather than a long term cost-saving investment. Why is this? A big reason is the lack of easily accessible information about how solar can save you money. Like EnergySage, Google’s Project Sunroof looks to fix this using smart technology.

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macrs

What is MACRS? All you need to know for your commercial solar installation

Reading Time: 3 minutes

If you’re a homeowner looking to go solar, the incentives you have available to you are pretty straightforward: from net metering to the federal investment tax credit, and to any local utility or government rebates and incentives. Between the incentives and the declining cost of solar, the average homeowner on EnergySage sees a payback period for solar of eight years. Easy! 

If, on the other hand, you’re a business owner considering solar, there are additional tax incentives that help decrease the time it takes for your solar investment to payoff. The most widely-known of them is the Modified Accelerated Cost Recovery System, also known as MACRS.

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solar as a retirement investment strategy

Solar power as a retirement investment strategy

Reading Time: 3 minutes

Establishing a secure financial future for your retirement requires that you explore a variety of options, but most homeowners don’t realize that installing a solar panel system can be one of the smartest retirement investment options available. By viewing a home solar panel system as an investment opportunity, homeowners can reduce or even eliminate their electricity bills, freeing up more than $1,000 in cash each year. With the increased availability of $0-down solar loans, homeowners that lack the cash required for an upfront purchase can still take advantage of solar as a retirement investment strategy.

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maryland srecs

SRECs in Maryland: prices, projections, and program status

Reading Time: 2 minutes

If you’re considering installing solar in Maryland, one incentive you should be aware of is solar renewable energy certificates (SRECs). Maryland is one of the few states that offers this performance-based incentive to people generating solar electricity. Property owners in Maryland who buy and install a solar panel system can earn hundreds of dollars each year by selling the SRECs their system generates.

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srecs in massachusetts

SRECs in Massachusetts: prices and program status

Reading Time: 4 minutes

The Massachusetts solar renewable energy certificate (SREC) program is one of the most advantageous financial incentives for solar available at the state level. Massachusetts property owners who buy and install a solar panel system can earn hundreds (or even thousands) of dollars a year by selling the SRECs the system generates.

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sdge time of use

Which SDG&E rate schedule is best? Understanding peak hours

Reading Time: 6 minutes

Are you a customer of San Diego Gas and Electric (SDG&E)? Whether you currently have solar panels on your roof, are considering solar, or don’t have any plans to generate your own electricity, SDG&E’s time-of-use (TOU) rates will have an impact on your monthly electricity costs. In the past, all SDG&E customers had the option of switching to TOU rates or remaining on their existing rate schedule. However, this began to change in early 2019 when SDG&E began the process of moving all residential customers (with a few exceptions) to a TOU plan. When it comes to choosing the right rate plan for your property, the best option for your home depends on your electricity use habits.

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