If you’re considering whether going solar is a worthwhile financial move for your home, there are essentially two factors that you should look at: 1) the costs associated with solar power, and 2) the rates you pay for electricity from your utility. Going solar makes economic sense when solar electricity costs less than grid electricity.
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The best states for a home solar energy system aren’t always the sunniest; those who benefit the most from installing a solar photovoltaic (PV) system for their home spend a lot of money on electricity and live in a state with good solar programs and incentives.
Illinois may not have the year-round sunshine of the Southwest, but it does have a great solar power market because of the available financial incentives. In addition to the 30 percent federal solar tax credit (aka investment tax credit or ITC) for solar system owners, Illinois residents can receive additional financial benefits through the state’s solar renewable energy credits (SREC) market.
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Solar energy is taking off in the US. In 2019, the solar industry will likely surpass 2 million residential rooftops with solar panels installed nationwide. Some states and cities are further along in the adoption of solar energy than others, while others are new markets poised to become leaders in future years. To breakdown the best cities and states for solar in 2019, we leveraged our own data as well as the recently released Shining Cities 2019 report from Environment America.
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In this week’s Solar News Roundup, Starbucks commits to powering Texas store locations with solar energy, and Chicago becomes the largest city to make a 100 percent clean energy commitment.
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