A big question surrounding home solar energy storage systems has been whether or not the battery storage components qualify for the Federal 30% Solar Investment Tax Credit (ITC). According to the IRS, solar storage systems do qualify for the ITC, with several caveats surrounding how the system is charged. The extension of the 30% solar ITC should provide a boost to the emerging US energy storage market, and unlock additional growth.
If you're reading this, chances are you're at least a little bit interested in learning more about solar power costs for your home or business. You may have heard that solar photovoltaic (PV) panel systems are expensive. This has been true in the past, but in many instances, solar panels can save you a lot of money over your current utility bill. Indeed, the price of solar panels has dropped almost 80% over the last decade, with total installed systems costs including labor and permitting dropping over 55%.
California home solar power system pricing shows a tight cluster of what homeowners are actually paying, which reflects the maturity and the competitiveness of the California solar market. Additionally, we've seen the dramatic reduction in prices for home solar power in the state over the last ten years. When shopping for a California home solar power system one of the first questions that comes up is how much will the system cost? The price of the actual solar equipment plus the installation, permitting, labor and other items add up to the total system cost, which then becomes the baseline of the economic payback of the system. Let's take a look...
America is celebrating this week a huge milestone in the clean energy sector with the One Millionth solar power installation. This achievement is a product of American ingenuity, hard work, and the power of consumer choice. The US solar industry is employing over 200,000 workers right now and is one of the fastest growing sectors of job creation. Celebrate #MillionSolarStrong
The San Francisco California Board of Supervisors voted unanimously on Tuesday to approve the "Better Roofs Ordinance" that will require new construction in the city to install solar energy systems on the roof. The new ordinance includes requirements for both residential solar power systems and commercial solar power systems, including either photovoltaic electric or solar hot water systems, or both.
The San Francisco Board of Supervisors is voting on an ambitious bill to put solar power systems on most all new rooftops in the city that have the appropriate site requirements. The bill is sponsored by Supervisor Scott Wiener and is called the "Better Roofs Ordinance", which if passed would make San Francisco a leading city in the country requiring rooftop solar.
The 2016 US solar energy market forecast is to move up into the number two position in the global league tables, nudging out Japan, and right behind China according to market research. China will continue its position as the world's largest installer of clean solar energy over the next five years as they address their very real mandates of reducing severe air pollution and upgrading electricity grid capacity to service their economy. The US is poised for big growth however in 2016 and in the ensuing five years.
US solar shoppers are exercising their consumer choice and using the internet to research and comparison shop for residential home solar power. After several years of rapid growth, with several of the larger solar companies using fairly aggressive sales techniques, including telemarketing and door to door, consumers are more frequently now taking their time, jumping on the web, and getting multiple bids before pulling the trigger.
Global solar energy and wind energy investment eclipsed fossil fuel energy investment in 2015 by a factor of 2 to 1. Despite record low oil and fossil fuel prices, renewable, clean energy has continued it's relentless march down the cost curve providing some of the lowest cost electricity anywhere. Bloomberg New Energy Finance's (BNEF) global Summit 2016 outlined many of the strong trends emerging in the sector.