Costs of Solar Drops

Costs of Solar Drops

Solar Demand Increases as Prices drop Solar photovoltaics (PV) are the fastest growing source of energy in the world; the industry has experienced an average annual growth rate of 30% for the past 20 years and a remarkable 80% since 2006. Building on humble origins providing power in the remote corners of the world, solar PV has evolved to become a significant source of renewable distributed generation, being found on rooftops and open fields throughout Europe, North America and Asia...

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Running the Numbers on Solar

Running the Numbers on Solar

The chart above shows the 25-year returns for an investment in solar whether you choose to purchase a system with cash or pay over time with a loan or lease. As you can see, the purchase option leads to the highest dollar-amount returns over time, but look a little closer. Taking a Home Equity Loan or Line of Credit (HELOC—the orange bars) and paying for the system over time means you’ll actually spend less of your own money over time, while reaping a big financial benefit in year...

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