Category Archives: Solar Financing

Articles about the ways to finance a solar installation.

Renew Financial review: everything you need to know about CaliforniaFIRST financing and PACE

Leave a reply
Reading Time: 4 minutes

renew financial california first review 2018

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.

Continue reading →

2018 energy tax credits that can save you money

12 Replies
Reading Time: 3 minutes

2018 energy tax credits

Home energy upgrades can reduce your monthly electric bills, but they don’t always come cheap. Whether you’re interested in solar, energy efficiency, electric cars, or all of the above, there are energy tax credits available in 2018 that will make home energy upgrades easier on your wallet.

Continue reading →

How do I claim the solar tax credit (ITC)? Filling out form 5695

94 Replies
Reading Time: 5 minutes

How to Claim the Solar Tax Credit EnergySage

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.

Continue reading →

Are Massachusetts’ Solar Incentives the Best in the Country?

Leave a reply
Reading Time: 3 minutes

Massachusetts solar incentives with energysage

When you think of Massachusetts, you may think of the historical city of Boston, its championship sports teams, or distinctive pronunciation of the letter “R”. Now, it’s time to add a new association to the list because Massachusetts solar incentives and programs are now considered some of the best in the country. In this article, we break down these incentives and explain why solar panels are such a great investment in Massachusetts in 2018.

Continue reading →

What is PACE Financing for Home Solar Power?

6 Replies
Reading Time: 3 minutes

PACE financing for solar

If you want to install a solar energy system on your property, one of the first questions you’ve probably asked is, “How will I pay for it?” There are many financing options available today for homeowners who want to enjoy the benefits of solar. In many areas, an increasingly popular option for home energy improvements like solar is property assessed clean energy (PACE) financing.

Continue reading →

Mosaic solar loans: everything you need to know

2 Replies
Reading Time: 4 minutes

mosaic solar loans review

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.

Mosaic is arguably the largest solar financing provider for homeowners in the country. If you’re comparing solar quotes from a few different solar installers, chances are you’ve encountered a loan option from Mosaic.

Continue reading →