When signing up for solar, homeowners may be unsure of what the next steps are in the process. Is it as simple as ‘sign here’ and you will install my panels? How long will it take for the solar switch to be completed? The process from signing solar to getting your panels up and running is known as the solar interconnection process. A standard solar interconnection process takes anywhere from 3-6 months to be completed.
Unfortunately, we cannot just press a magic button to switch your home to solar. There are certain aspects that need to be handled first, and luckily, we have a trained, talented team to help guide you through this process with ease. In order to gain a little more insight
on the procedure, I interviewed manager of Code Green Solar General Manager, Denise Provinzano.
Concerns about cost are often heard when renewable energy is discussed; things like, ‘solar panels are great for the environment, but I could never afford them…’ or ‘only wealthy people have solar panels.’ Solar energy is a commonly supported cause, but when it comes to cost, it is seemingly a pipe dream for the majority of Americans. Today, there are options to get solar panels installed for no cost with the addition of saving money on energy bills. With these programs, individuals from any socioeconomic class can gain access to renewable energy. Present day solar companies will buy a solar system and install it on your home; you are only responsible for buying the energy produced by the system. They take advantage of the government and state incentives and pass the savings onto you. With these programs, the customer will never pay for more or less energy than their system produces. This is known as a Power Purchase Agreement (PPA). However, PPAs are not for every customer. Many customers with a tax appitate prefer to own their system and gain more with the additional benefits of financing.
Tesla has now begun taking deposits for its new solar energy roof tiles, with installations to begin as early as June. While aesthetically pleasing, the question of how affordable a solar roof would be to the average homeowner, still stands. Elon Musk and his team had once claimed that the solar roof would be the same as buying a new traditional roof; he was speaking specifically about ceramic or concrete tiles. These roofing styles are the most expensive options available and are shown to make up only 13% of the United States housing market. The majority of Americans choose the less expensive asphalt tiling option. This creates an unrealistic expectation of what the solar roofs will ultimately cost. As more information about the product is released, we can see that it is actually far more expensive than a normal roof. read more →
Several solar energy companies have been facing a recent decline, while others have been thriving. Sunnova was able to use its portfolio to secure a round of funding for the company of $615 million. This is split between two ware credit facilities and a record-breaking private placement by its subsidiary, Helios Issuer LLC of about $255 million. This financing round represents Sunnova’s first asset-backed notes securitization. Credit Suisse was the sole book runner and structuring agent of this. What this means? More investors are showing their interest in Sunnova and the progression of their company. Sunnova has raised over $2 Billion in tax equity, debt, and corporate equity funding. Sunnova will have more expense towards the expansion of their company as well their partnering companies; a positive win for solar energy. read more →
As President Trump’s first 100 days of presidency come to a close, over twenty executive orders put in place reflect a drastic threat to renewable energy progression. Trump is looking to release any restriction of coal emissions, free protected land, halt funding on environmental projects; keeping his campaign promise to ‘create jobs’, no matter the cost of our planet’s declining health. A few of these changes include placing the Clean Power Plan under review, allowing the Dakota Access Pipeline to move forward, revoking restrictions on Methane gas emissions on public land, and lifting the review of greenhouse gas emissions. Much of the progress put forth by President Obama is likely to be overturned, certainly placing a storm cloud over the battle to create a cleaner, better planet. Despite this, now is a better time than ever to become informed and educated on green energy and use our voices to fight back. read more →
With the rise of solar energy and its importance in bettering our planet, it is significant to understand the ups and downs of solar energy companies. Why are some failing to uphold and others flourishing in expansion? A person looking to transition to solar power is looking for a reliable, efficient, and trustworthy company to guide them through the process. Solar energy companies lacking in these values have seen their business decline.