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Tag Archives: Payback
How much does solar cost? The answer might surprise you…
Whenever someone asks me about the cost of solar panels, I ask them how precise of an answer they need. If they need an accurate answer, a site visit is absolutely required. But assuming ball park numbers are sufficent, I’ll … Continue reading
What are SRECs?
If you are thinking about buying solar panels, you have to understand SRECs. SRECs stand for Solar Renewable Energy Certificates and are an important component in the financial analysis of solar power. Very simply, SRECs are the way that solar … Continue reading
Calculating Payback for Solar Panels: Buyer Beware
I recently visited the website of a major mid-Atlantic solar installer and was disappointed at the misleading way they were presenting the payback period for solar panels. Payback is one of just many ways that you can value a project. … Continue reading
Will solar panels increase my home equity?
The Appraisal Journal has reported a home’s value is increased by $20 for every $1 reduction in annual energy savings. Let’s see how this works out for a typical home. In Virginia, a 3kW system would cost about $12,500 (after rebates) and save … Continue reading
Solar PV Payback Calculator
If you are looking for a Solar PV Payback Calculator, the National Renewable Energy Laboratory (NREL) provides a comprehensive solar technology systems analysis model called the Solar Advisor Model (SAM). The model is free and can be downloaded here. SAM allows … Continue reading
Posted in Educational, Financing, Tools
Tagged Calculator, Free, Panels, Payback, Photovoltaic, PV, Richmond, SAM, Solar, Solar Advisor Model, Virginia
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