The sun is shining on the U.S. solar industry this week. A major Republican initiative for clean energy, the lowest PPA price ever seen for solar, and solar outpacing natural gas in 2015 are the key headlines from this week’s Solar Energy News.
With the New Year underway and strong momentum into 2016, the solar industry is poised for impressive growth. Record-breaking conversion efficiency, potential state tax credit extensions in New Mexico and bold predictions from market insiders are the solar headlines that you need to know about in this week’s Solar Energy News.
Solar loans are gaining popularity as a solar financing option across the country. Because of the superior savings and similar benefits that solar loans promise, some industry analysts now predict that they will overtake third party-owned (TPO) solar leases and power purchase agreements (PPAs) as the dominant option for solar financing in the USA within a few years.
A new report from the National Renewable Energy Laboratory (NREL) examines this phenomenon and sheds more light on the possible advantages of financing your solar system with a loan as opposed to TPO solar lease / PPA.
The most important conclusion of the report is this: While going solar with either of these options is likely save you money on your electricity bills, financing your system with a solar loan could save you up to 30% more than if you go solar with a solar lease or PPA. Continue reading