Tag Archives: solar loans

Solar Cost Terminology: Cost Per Watt, $/W and LCOE

Reading Time: 5 minutes

What 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).

Continue reading

electricity rates and solar cost trends

Is residential electricity price going up or down?

Reading Time: 7 minutes

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.

Continue reading

Fannie Mae HomeStyle Energy Mortgage for Solar

Fannie Mae & Solar: HomeStyle Energy Program explained

Reading Time: 3 minutes

For property owners who want to maximize their solar savings, solar loans make it possible to buy a solar energy system even if you don’t have the cash on hand to make a purchase. Solar loans come in many different forms, including home equity loans and home equity lines of credit, unsecured loans from specialty lenders, and Property-Assessed Clean Energy (PACE) loans. Thanks to Fannie Mae, there’s a new solar financing option available to many homeowners – and it could be a game changer. If you’ve explored solar loans in the past and haven’t found what you’re looking for, it’s time to take a look at the new Fannie Mae HomeStyle Energy Program.

Continue reading

free solar panels

“Free solar panels”: Are they really free?

Reading Time: 4 minutes

If you’ve been shopping around for a solar panel system, you’ve probably heard at least one company advertise ‘free solar panels’ – that they will install a solar energy system on your roof for free. But, much as with anything, remember that there is no such thing as a free lunch (or a free solar panel).

Continue reading

enerbank usa review

EnerBank USA solar loans: the complete review

Reading Time: 4 minutes

Solar loans are the fastest growing method of financing a solar panel installation. Across the country, the majority of new solar installations are purchased with either a cash purchase or through a solar loan. Based in Salt Lake City, Utah, EnerBank USA is a popular company in the home-improvement lending industry. If you’re comparing solar quotes from a few different solar installers, you may have received a loan option from EnerBank.

Continue reading

best energysage videos

The best EnergySage videos of 2018

Reading Time: 2 minutes

Have you ever had a question about solar, but didn’t have the time to search for an answer? Throughout 2018, we created a number of short animated videos so that you can find answers to the most common questions about solar with the quick click of a button.

We’ve covered a range of topics so far – from understanding the costs included in a solar quote to how the solar tax credit works, and much more in between. Here are just some of our favorite videos from 2018.

Continue reading

compare top solar lease companies

Compare the top solar lease companies: Sunrun vs SolarCity, Vivint, SunPower & Clean Power Finance

Reading Time: 4 minutes

Who are the top solar leasing companies in the country, and how do they differ in structure and business model? This article aims to answer these questions, examining some of the biggest solar lease providers in the US – SolarCity, Vivint SolarSunrun,  SunPower and Clean Power Finance.

Continue reading

is solar worth it

Are solar panels really worth it?

Reading Time: 5 minutes

Every solar company has a variation of the same sales pitch, “did you know going solar can save thousands of dollars?” They make it sound so easy, but the truth is, whether solar is a smart long-term investment for you depends on a few major factors. So before you buy into the hype, we recommend you use this simple guide to cut through the sales jargon and determine if solar panels are actually worth the money.

Continue reading

new york state solar tax credit energysage

Is solar energy worth it in New York in 2019?

Reading Time: 4 minutes

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.

Looking for quality solar installers in your area? See our updated ranking for the best solar companies in the state of New York

Continue reading

investment tax credit

What happens if your tax liability is too small to claim the Investment Tax Credit for solar?

Reading Time: 4 minutes

The Investment Tax Credit (ITC) is a generous incentive from the federal government. It was put in place to encourage uptake of solar energy and other renewable energy systems in 2006. It has been tremendously successful in this goal: the number of solar installations in the US has increased 1,600% since the ITC was introduced.

Many EnergySage customers quickly understand the potential benefits of the ITC, but have questions when it comes to the particulars of how it operates. Frequently, we field questions about whether or not they can claim the ITC at all, and when and how it can be applied to their tax bills. Continue reading