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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10kW solar systems are among the most popular solar energy system sizes in the country, producing enough electricity to power a home with slightly above-average electricity consumption. How much does a 10kW solar system cost? How much electricity will a 10kW solar system produce? How do you know you’re getting the best deal on a system? These are some of the key questions we will answer in this article.
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The Internal Revenue Service (IRS) began sending out stimulus checks earlier this month, providing much-needed cash to a country hit hard by both the health and economic impacts of the coronavirus pandemic. If you’re fortunate enough to not need the cash right away, and are weighing your various options for what to do with the check, you may have encountered other articles telling you how you should spend this cash. We’re not going to do that: whether you use the money to buy something special, put it away for a rainy day, donate it to a worthy cause, or convert the check into twelve-hundred dollar bills to turn your room into a snow globe, we won’t judge!
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Homeowners, solar companies, and industry advocates alike were given a big Christmas gift in 2015 when Congress approved the 2016 federal spending bill and extended the solar panel tax credit. The December 18 bill contained a 5-year solar tax credit extension, which makes solar energy more affordable for all Americans. Wondering how this impacts you? EnergySage has the answers.
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Last Updated on August 27, 2020
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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This week, I had the opportunity to join the Solar Energy Industries Association (SEIA) for their Solar Shines on the Hill Day. The event is a great opportunity to show up in force in Washington DC in support of the solar industry, talking about how the solar jobs that exist throughout the country, and the financial and environmental benefits that home- and business-owners experience from solar in every state. Here’s a quick recap of what we spoke about and what we learned.
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If you’re a business owner, the concept of “solar panels for businesses” might seem like a risky move in a complex and confusing market. You may have heard about major Fortune 500 companies going solar, but thought that it might not be feasible for your organization. Maybe you’re considering installing commercial solar panels at some point in the distant future, when your organization can afford to make a major investment in something that seems like an environmental “good” rather than a strategic financial decision.
Continue readingWhat should you look at to determine if you’re getting a good deal on solar? There are lots of things to pay attention to when deciding on a solar energy system; but two of the most useful metrics for evaluating the cost and value of a solar power offer are price per watt, measured in dollars per watt of energy ($/W), and ‘levelized cost of energy’ (LCOE).
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Are you considering a solar energy system for your home or business in New York, but want to know more about the costs and benefits before making a decision? In this article we look at the reasons why going solar is a good idea in New York, and also examine the various incentives and financing options that may be available to you if you are a New York resident.
Home energy upgrades can reduce your monthly electric bills, but they don’t always come cheap. Whether you’re interested in solar, energy efficiency, electric cars, or all of the above, there are energy tax credits available in 2020 that will make home energy upgrades easier on your wallet.
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