Tesla's new home solar power roof tile product is an interesting twist on an existing technology. The tiles are certainly attractive, and come in a variety of styles designed to fit different architectural themes. The company's roll-out and press event was light on economic and cost specifics, but heavy on aesthetics and presenting a holistic "systems" approach to home solar power self-generation, storage, and consumption. See if solar makes sense for you:
National residential home solar power prices continued their drop over the last year by an average of at least 3.3% from the year before. The industry has worked hard to pull costs out of a solar installation as they tackle equipment and soft cost (installation, permitting, marketing) efficiencies, making solar more affordable than ever for many Americans.
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.
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.
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".
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.
The City of Cambridge, Ma announced the launch of a new residential solar power program on April 4th called "Sunny Cambridge". The new program will provide access to online tools and resources for residents to make educated choices about solar for their homes. Cambridge, MA is home to such powerhouse institutions as Harvard and MIT, along with the thriving research and high tech ecosystem surrounding these universities.
IKEA, the Swedish retailing giant has announced ambitions to be the world's number one retailer of residential solar power systems. Leveraging their massive customer base and global footprint, the company will be rolling out solar programs starting with the three European countries of the UK, Netherlands and Switzerland, before expanding globally.
A new study just published shows that owner-purchased residential solar power systems can add a premium to a home's sales price. The report produced by the Appraisal Institute, a professional real estate appraisal journal, indicates that buyers are willing to pay an average selling premium of 3.75% or $14,329 for a home solar power system over a comparable house with conventional power. The study looked at six states, and normalized the analysis for comparable fair market value homes with available solar system data.
SunPower Corp (SPWR) announced the launch of their new residential home solar power product called SunPower Equinox, an integrated system of optimized components delivering high power, streamlined racking and wiring, along with strong aesthetic appeal and smart energy management. The company claims 70% more energy with 70% fewer visible parts compared to conventional solar.