Going solar saves you money on your monthly electrical bill. The amount of your savings varies by size and location of the system. But how does it work financially and administratively with your utility? Currently, two types of policy are widely used: the Value of Solar Tariff and Net Metering. The decision of which one to use can be controversial. Continue reading
The price of solar energy systems continues to drop across the country and perhaps nowhere as dramatically as Austin, Texas. According to the Solar Industry Mag, Austin is now a top 20 city for solar in the U.S. While prices continue to decline across the country, generous incentives still exist for those who purchase a system today. One of the largest is the Solar Investment Tax Credit (ITC). The ITC offers those who install a residential solar system a 30 percent tax credit, and was recently extended by Congress. Additionally, states have their own set of incentives. Qualifying residents of Austin, Texas can apply the Austin Energy Rebate to the cost of installing a system, and then benefit from monthly saving with the Value of Solar Tariff.
Austin Energy, the electrical utility for Austin is expanding it’s use of renewable energy to generate the power that Austinites need. Austin’s original goal was to provide 35 percent of its 2,540 MegaWatts of energy from renewables by 2020. But Austin Energy was on track to meet that goal by 2016, so the city council proposed a new renewable energy goal of getting 55 percent of its energy from renewables by 2025. Continue reading