Prices for US Residential Home Solar Power systems continued to drop in 2015 and early 2016 preserving the industry trend of steady price reductions. Installed prices, before incentives, for residential solar systems dropped by approximately 5% or $0.20 per watt nationwide, and 7% or $0.30 per watt for "smaller" (under 500KW) non residential or light commercial solar systems.
The White House has launched a program designed to bring clean solar energy into more American households and more income brackets through a simplified, no-money-down financing vehicle based on a homeowner's property tax bill. The goal is to bring 1 gigawatt (GW) online in low to moderate income communities across the country by 2020.
Opening ceremony keynotes speeches from Intersolar 2016 featuring Kevin de Leon of the California Senate, Bernadette del Chiarro of CALSEIA, Lynn Jurich CEO of Sunrun, Ali Zaidi from the OMB and others with a message that solar powered electrcity is mainstream, and more affordable than ever for more Americans. Lynn Jurich, Co-Founder and CEO of SunRun, a residential solar power installation and finance company said to not bet against America.
SunPower Corp announced they have smashed another efficiency barrier with their X series solar panels pumping out 24.1%. Higher efficiency benefits residential home solar power because it generates greater power production from a smaller system footprint on the roof, or wherever space may be at a premium.
Mercedes-Benz is reportedly working on a line of advance concept electric vehicles (EV) using a common platform design for its next generation EV's that was revealed at a tech briefing at corporate headquarters in Stuttgart, Germany this week. The platform will be all wheel drive and have a low center of gravity, which should give the electric car outstanding handling performance.
The cost of a residential home solar power system dropped an impressive 8.3% in Q1 2016 over the previous quarter. The reduction in installed price was attributed to a combination of factors including: lower hardware and equipment costs, combined with strong attention to installation, permitting and other "soft costs".
As reported recently, the percentage of home solar power shoppers deciding to own their system as opposed to leasing them or signing a long term Power Purchase Agreement (PPA) is forecast to increase over the coming years. Due to lowering costs of solar power systems, the attractive 30% Federal Investment Tax Credit (ITC), and superior payback economics of ownership, customers will be looking hard at their options.
Residential home solar power customers are increasingly choosing to purchase a solar electric system for their property over leasing or signing a Power Purchase Agreement (PPA) to take advantage of lower system costs, the 30% Federal Investment Tax Credit (ITC) and the better payback economics of owning a solar system.
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%.