Tag Archives: Incentives

solar panels for home

Solar panels for home: what to know about residential solar panels

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Over the past decade, home rooftop solar use has exploded around the country as home solar becomes a very popular investment. Homes and businesses across the country are transitioning away from a fossil-fueled electricity grid towards a clean energy economy, driven by a need to reduce emissions in a time of global climate change. Amidst this period of energy reform, rooftop solar panel systems for houses are taking off at a remarkable rate. It’s time to give residential solar the credit it deserves.

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NJ SuSI

New Jersey’s new solar incentive program: SuSI

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New Jersey is no stranger to solar incentives, thanks in part to having one of the most ambitious renewable portfolio standards (RPS) in the country. The clean energy targets laid out here–and more specifically, the solar carve-out portion–prompted the state to implement one of the country’s most successful solar renewable energy certificate (SREC) programs as early as 2004. 

But the incentive landscape has been shifting in New Jersey, and change is finally here; beginning in late August, the Garden State will launch its new Successor Solar Incentive (SuSI) program. Below, we’ll give an overview of the new incentive program, and discuss what it means for New Jerseyans going solar.

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new jersey trec program

NJ TRECs: the Garden State’s transition solar incentive

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New Jersey has always been one of the best states for solar: higher-than-average electricity rates and strong solar incentives have helped thousands of New Jerseyans achieve quick payback periods on their solar investments. Above all, the state’s renewable portfolio standard and associated solar renewable energy certificate (SREC) market have been instrumental towards growing solar throughout the state. However, in June 2018, the state decided to phase out SRECs in favor of a new, yet-to-be-established successor solar program. In an effort to bridge the gap between SRECs and the next phase of solar incentives, the Garden State decided to implement an intermediate transition solar incentive, known as TRECs.

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DC SREC Program

SRECs in D.C.: prices, projections, and program status

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If you’re considering installing solar in Washington D.C., the most important solar incentive to be aware of are solar renewable energy certificates (SRECs). D.C. is one of the few governments that offers this performance-based incentive to people generating solar electricity. Even better, the District’s program is the most lucrative one in the country: when you buy and install a solar panel system in D.C., you can earn thousands of dollars each year just from selling the certificates your system generates.

This article describes how the District’s SREC program works, explores current prices for SRECs, and discusses the future of the SREC program so that you can make a well-informed decision about going solar.

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solar batteries

Bring your own battery programs: what you need to know in 2021

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As solar batteries become more and more popular, individual utilities are beginning to offer rebate and incentive programs to make the economics of adding storage to your solar panel system more favorable. Given that solar batteries are a new product, utilities have begun experimenting with new program designs specific to solar batteries. One of the newest, increasingly common program types is a bring your own battery, or bring your own device, program.

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macrs

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

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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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form 5695 instructions solar tax credit

How do I claim the solar tax credit (ITC)? Form 5695 instructions

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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 26% of the total cost of a solar energy system.

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itc savings 2020 vs. 2021

Federal ITC savings: 2020 vs. 2021

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One question we field a lot at EnergySage is whether it’s the right time to install solar panels. For anyone asking that question in 2020, the answer is often as soon as possible: given the looming step down and expiration of the federal investment tax credit (ITC), solar shoppers who wait until 2021 or later to move forward will be missing out on major tax savings – but just how much?

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connecticut battery incentives

Connecticut solar battery incentives

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If you’re a homeowner in CT, you’re probably very familiar with the state’s harsh winters: frequent nor’easters have many people across New England looking for ways to keep their homes up and running during powerful storms. Fortunately, solar batteries can do just that: thanks to declining costs, federal tax credits, and–for customers of Eversource–utility incentives, solar batteries are more affordable than ever before. Here’s a quick summary of the battery incentives currently available in Connecticut:

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