According to a new study from the National Renewable Energy Laboratory (NREL), the key to driving down the overall cost of solar implementation may lie in targeting property owners considering new roofs or entirely new construction. The report, titled Cost-Reduction Roadmap for Residential Solar Photovoltaics (PV) 2017-2030, supports the U.S. Department of Energy’s (DOE) goal of reducing the cost of solar electricity to just 5 cents per kilowatt-hour (kWh) by 2030.Continue reading
An unfinished nuclear project switches to solar, Utah reaches a new net energy metering agreement in Utah, and researchers set a new record for PV cell efficiency in this week’s Solar News Roundup.
Tennessee nuclear plant gets re-outfitted with solar panelsContinue reading
It was a wild week in the solar industry, full of unforeseen product releases and a controversial solar pricing report that was released by the government. An NREL report that confirmed price inflation by SolarCity and other top solar installers, Tesla’s big solar panel reveal and exciting growth in solar storage in certain states are the three stories we’re studying from this week’s Solar News Report.Continue reading
A number of interesting developments emerged this week in the space of technical innovation and environmental protection with one common theme: solar. Solar’s momentum is as strong as ever now that wearable solar batteries do not need to be charged, NREL has forecasted $400 billion in environmental benefits from solar and Nevada homeowners may receive net-metering protection.Continue reading
Adoption of renewable energy technologies has exploded across the world in recent months, and thanks to the bright summer sun at our doorstep, solar growth shows no sign of stopping. News of Prince’s solar energy advocacy, SolarCity’s newest loan product and 90 percent renewable energy generation in Germany are the headlines we’re reading in this week’s Solar Energy News report.Continue reading
Solar finished off the month of March with another strong, momentous week in its rapidly expanding industry. New solar integration into cloud computing, NREL data that has doubled prior estimates for solar and innovation in solar rooftop modeling via online software are the top headlines from this week’s Solar Energy News.Continue reading
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.Continue reading
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.Continue reading
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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