Category Archives: Cost Benefit

Articles concerning the pricing of solar and the economic benefits of going solar.

cheapest time of day to use electricity to save money

What are off-peak electricity hours? All about the cheapest time to use electricity

Reading Time: 7 minutes

It is becoming increasingly popular for utilities to offer time-of-use (TOU) plans to their residential customers. In a standard electricity plan, you pay the same rate for your electricity regardless of the time of day. TOU plans are different: the cost of electricity in a TOU plan depends on the time the energy is drawn from the grid which is developed into a schedule of peak hours, off-peak hours and sometimes even partial-peak hours.

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is solar worth it

Are solar panels worth it?

Reading Time: 9 minutes

Like any major investment, installing a solar system is a big decision! But, as the cost of solar continues to decline and new energy bills make purchasing more attractive, this decision is becoming easier and easier: for most people, going solar now represents a smart long-term investment with substantial savings. However, before installing a solar panel system, you’ll want to make sure that you can take advantage of these benefits by first considering a few major factors. In this article, we’ll help you answer the question: “Should I get solar panels?”

Here are a few aspects of solar energy to think about before making an investment:

  • Do you own your home, or are you renting?
  • Will you sell your property in the next 10 years?
  • Is your roof suitable for solar panels?
  • How much do you spend every month on electricity?
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how much do solar panels cost

The cost of solar panels: what price for solar can you expect?

Reading Time: 10 minutes

With the cost of solar panels dropping every year, there’s never been a better time to go solar. A solar panel installation ranges in cost depending on a number of factors, including the size of system you want to install, your geographic location, and the type of equipment you want. That all brings us to the key question: how much do solar panels cost? Generally, solar panels will cost between $15,000 and $25,000.

In this article, we’ll break down the cost of solar by system size, state, and panel brand, all of which can significantly impact your final cost of solar panels. We’ll also dive into a few other factors that impact the cost you’ll pay for a solar installation.

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NJ SuSI

New Jersey’s new solar incentive program: SuSI

Reading Time: 4 minutes

New Jersey is no stranger to solar incentives, thanks in part to having one of the most ambitious renewable portfolio standards (RPS) in the country. The clean energy targets laid out here–and more specifically, the solar carve-out portion–prompted the state to implement one of the country’s most successful solar renewable energy certificate (SREC) programs as early as 2004. 

But the incentive landscape has been shifting in New Jersey, and change is finally here; beginning in late August, the Garden State will launch its new Successor Solar Incentive (SuSI) program. Below, we’ll give an overview of the new incentive program, and discuss what it means for New Jerseyans going solar.

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srecs in massachusetts

SRECs in Massachusetts: prices and program status

Reading Time: 4 minutes

The Massachusetts solar renewable energy certificate (SREC) program is one of the most advantageous financial incentives for solar available at the state level. Massachusetts property owners who buy and install a solar panel system can earn hundreds (or even thousands) of dollars a year by selling the SRECs the system generates.

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new jersey trec program

NJ TRECs: the Garden State’s transition solar incentive

Reading Time: 4 minutes

New Jersey has always been one of the best states for solar: higher-than-average electricity rates and strong solar incentives have helped thousands of New Jerseyans achieve quick payback periods on their solar investments. Above all, the state’s renewable portfolio standard and associated solar renewable energy certificate (SREC) market have been instrumental towards growing solar throughout the state. However, in June 2018, the state decided to phase out SRECs in favor of a new, yet-to-be-established successor solar program. In an effort to bridge the gap between SRECs and the next phase of solar incentives, the Garden State decided to implement an intermediate transition solar incentive, known as TRECs.

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DC SREC Program

SRECs in D.C.: prices, projections, and program status

Reading Time: 4 minutes

If you’re considering installing solar in Washington D.C., the most important solar incentive to be aware of are solar renewable energy certificates (SRECs). D.C. is one of the few governments that offers this performance-based incentive to people generating solar electricity. Even better, the District’s program is the most lucrative one in the country: when you buy and install a solar panel system in D.C., you can earn thousands of dollars each year just from selling the certificates your system generates.

This article describes how the District’s SREC program works, explores current prices for SRECs, and discusses the future of the SREC program so that you can make a well-informed decision about going solar.

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high solar panel prices in the u.s.

Why is solar more expensive in the US than in other countries?

Reading Time: 4 minutes

The cost of solar has plummeted in the US over the last five years. With solar prices dropping below $3 per Watt for residential solar shoppers, the industry has hit a very important and impressive milestone. However, the cost of solar in the US remains higher than the cost in other countries, most notably Australia. But just how much less expensive is solar in Australia, and is it possible for the US to slash solar costs even further?

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9kw solar energy system

How much does a 9 kW solar energy system cost?

Reading Time: 4 minutes

For many homeowners who want to install solar panels on their roofs, a 9-kilowatt (kW) solar energy system is a good size for significantly reducing or eliminating electricity costs. Getting the right price for your solar installation and maximizing long-term savings is easy when you compare your solar quotes with the prices that other shoppers in your area are seeing. Find out more about how much a 9 kW solar panel system costs; the amount of electricity you can expect your 9 kW system to produce daily, monthly, and annually; and the smartest way to shop for solar in EnergySage’s 9 kW solar panel system guide.

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12 kw solar system

How much does a 12,000 watt (12kW) solar system cost?

Reading Time: 3 minutes

If you have high electricity bills, installing a 12-kilowatt (kW) solar energy system on your home can significantly reduce your monthly costs. To maximize your long-term solar savings, you want to be sure that you get the right price for your solar panel installation. The best way to feel confident about your purchase: compare offers for 12 kW solar systems with the prices offered to other solar shoppers in your area. Find out more about how much a 12 kW solar system costs where you live, the amount of electricity you can expect your 12 kW system to produce, and the smartest way to shop for solar in EnergySage’s guide to 12 kW solar panel systems. 

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