Most of the solar panels that are installed in the United States are made of silicon photovoltaic (PV) cells, but silicon PV doesn’t work for every situation. Thin film solar panels are an alternative that’s starting to take hold, particularly in situations where rigid PV panels aren’t an option.
If you want to make sure your solar panel system is operating as efficiently as possible, you are probably considering either power optimizers or microinverters (collectively known as “module level power electronics,” or MLPEs). In the United States, SolarEdge is the leading power optimizer manufacturer, and Enphase leads the pack for microinverters.
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 more affordable for all Americans. Wondering how this impacts you? EnergySage has the answers.
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 30% of the total cost of a solar energy system.
What does 30% actually mean for the average solar shopper? According to EnergySage marketplace data, the average national gross cost of installing a solar panel system in 2018 is $18,840. At that price, the solar tax credit can reduce your federal tax burden by $5,652 – and that’s just one of many rebates and incentives that can reduce the cost of solar for homeowners.
There’s plenty of information out there about the value of the residential ITC, but figuring out how to actually claim the credit when it comes time to file your taxes is another story. We’ll walk you through the process step by step from Form 5695 to Form 1040.
For those asking themselves “should I go solar”, the cost of solar installation has fallen every year, and 2017 was no different. According to the Solar Energy Industries Association (SEIA), installing a residential solar energy system cost 1.6 percent less than in 2016, which is great news for today’s solar shoppers. But the ever-decreasing costs of solar create a conundrum: should I go solar now or wait? For many, daily headlines that declare lower and lower prices can stir them to action. For others though, these same headlines can cause them to wait a few more years in hopes of saving even more money. So who’s right?
You’ve probably heard about how solar energy can reduce your electricity bills, but how much do solar panels really cost? The easiest way to calculate the average cost of solar panels is to look at its price in dollars per watt, which is relatively consistent across the United States. Continue reading
Solar loans are the fastest-growing method of financing a solar panel installation your home or business. Across the country, more than half of all new solar installations are done with either a cash purchase or through a solar loan.
Based in sunny California, Renew Financial is one of the leading providers of Property Assessed Clean Energy (PACE) financing in the country. If you’re comparing quotes for solar installations or other home energy upgrades from different contractors, you may have seen a CaliforniaFIRST or other financing option from Renew Financial.
Most home solar panel systems are installed by a qualified solar installer, but more DIY-minded homeowners are exploring options like solar panels for sale online and solar panel kits available for purchase in hardware stores. If you’re one of the millions of Americans considering solar, you’ve probably come across some of the DIY solar products available – but do you know how to choose the best product out of all the solar panels for sale? Here’s your complete guide to finding the right option for your home.
On January 22, 2018, the Trump Administration announced a 30 percent tariff on solar panels and cells imported into the United States. This announcement raised a lot of questions for solar customers on the EnergySage Solar Marketplace. One of the most popular questions: where can I find solar panels that are made in America?
Kyocera is one of the world’s oldest solar panel manufacturers, and has manufactured solar panels since the early 1980s. The electronics company manufactures its solar products in Japan and China, and is one of the most popular brands featured in quotes to solar shoppers comparing their options on the EnergySage Solar Marketplace.