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The 5 best ways to finance solar panels for your home, from solar loans to PPAs

The 5 best ways to finance solar panels for your home, from solar loans to PPAs

So you've decided that a solar panel installtion is right for your home. Maybe you even got a free solar estimate from one of our expert solar partners. Now you need to know how to pay for your solar panels. We're here to tell you why a solar loan is the best choice, and why all other solar panel financing options pale in comparison. Here's a guide to the different methods of home solar panel financing, from most to least awesome: #1: Take out a secured solar loan or HELOC...
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2018 Gubernatorial Candidates on Solar Power

2018 Gubernatorial Candidates on Solar Power

If you want to install solar panels on you home in the USA, where you live matters. Your state's laws and policies regarding solar power have a huge impact on the prospects for home solar, both practically (e.g., whether the laws in your state make it easy to get permits, connect your system to the grid, etc.) and financially (whether you can expect your panels to pay back your initial investment and eventually turn a profit). A lot of people play a role in crafting the solar landscape of a...
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New Jersey’s top solar incentive program will end soon

New Jersey’s top solar incentive program will end soon

It isn't the sunniest place in the country, but New Jersey earns the top spot in our annual ranking of the states for their friendliness to home solar. The Garden State earns that top spot both because it has excellent legislative policy driving the solar marketplace, which includes the nation's top solar incentive: Solar Renewable Energy Credits, or SRECs for short. Here are the most important things you need to know about SRECs: Each SREC is worth about $200 to owners of solar systems in New Jersey The average homeowner...
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Missouri’s 2018 solar rebates lower home solar costs by 15% or more

Missouri’s 2018 solar rebates lower home solar costs by 15% or more

Missouri has long flown under the radar when it comes to its solar industry. Sure the state doesn't have the flashy incentives of a place like New Jersey, or the 100% renewable energy goals of Hawaii and California. But it does have is the only citizenry that voted in a Renewables Portfolio Standard for the state, and also, so pretty sweet solar rebates for some of its most populated areas. Those rebates are what we're writing about today, and they're nothing to sneeze at. As we mentioned in the headline...
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Turnkey, DIY or Independent Contractor: What’s the best way to install your solar system?

Turnkey, DIY or Independent Contractor: What’s the best way to install your solar system?

Editor’s note: Many years ago, we at Solar Power Rocks wrote an article called “Don’t DIY: Why Installing Solar Panels Yourself Can Cost You More.” It's a humorous (but mostly accurate) take on the idea that getting up on your roof with a bunch of wires and 45-lb. solar panels wasn’t something the average homeowner can take on by themselves. Fast-forward to 2018, and there are much better solutions on the market for people who have a little time and mechanical aptitude. There’s also the option of designing your own...
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Is solar right for grandma? How and when older Americans should go solar.

Is solar right for grandma? How and when older Americans should go solar.

Installing solar panels on your home can be a brilliant idea for several reasons. It can save you money on electricity bills, paying for itself in as little as 4 or 5 years in some places, and providing energy for up to 30 years after. A solar installation adds value to your home, reduces greenhouse gas emissions associated with burning fossil fuels, and looks pretty darn good, too. With all those benefits, solar is great for a lot of people, and solar is great in a lot of places. But...
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A new kind of solar lease could bring solar to more states.

A new kind of solar lease could bring solar to more states.

Photo: Jon Callas There are two different ways to get solar panels on your roof: ownership, which means you buy (or take a loan) for a solar system, get it up on your roof, and reap the benefits for the next few decades or so; and third-party ownership, under which a solar installer agrees to put panels on your home and you agree to pay them either a flat monthly fee (leasing) or for the electricity the panels make (a power purchase agreement, or PPA). Third-party ownership has mostly followed...
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California will require solar on new homes in 2020. Your state should, too.

California will require solar on new homes in 2020. Your state should, too.

On May 9th, 2018, in a move that may prove to be a catalyst of a new kind of home solar revolution in the state, the California Energy Commission (CEC) voted unanimously to approve a measure requiring homes built after the start of 2020 to have solar panels. The move adds to California's already robust energy efficiency standards to provide for homes that can be designed from the start to offset all their grid usage with solar. There are a lot of details to be combed through, but the rules...
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Should you get a home solar battery in 2018?

Should you get a home solar battery in 2018?

It's 2018. Can we run off-grid mansions staffed by AI robot servants using only solar and batteries yet? Not quite, but you're not alone if you got a little excited by the thought. Recent research indicates that 74% of people shopping for home solar power are also interested in home energy storage. And while fewer than 20% of people who buy solar end up with a battery to go along with it, there are signs that might be changing soon. Home battery storage is cheaper than ever, and new incentives...
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How healthy is the solar industry in your state?

How healthy is the solar industry in your state?

Photo credit: Reegan Moen Each year, the Solar Power Rocks team scours through the lawbooks of the nation to find the most up-to-date laws and regulations related to solar power in all 50 states. We analyze the data, award letter grades for 12 factors that go into making solar good for homeowners, and collect the findings in our annual Solar Power Rankings Report. If you're a homeowner looking to see if solar can save you money in your state—now and in the future—we think the work we do is second-to-none....
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Last modified: July 12, 2018

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