The installation pace of renewable energy generated by photovoltaic (PV) solar power has rapidly accelerated and that’s not surprising. Not only is solar electricity good for the environment, its installation costs are dropping rapidly. Now solar’s total generation costs in some parts of the world are almost as low as traditional dirty electricity sources, even without accounting for solar’s lower-pollution economic benefits. Additionally, solar electricity is not subject to fuel cost increases and can provide the benefits of distributed generation. Continue reading Scotland reaches solar goal 5 years early – PV record broken in U.S.
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Rooftop solar’s resale value exceeds its cost
For the first six months of 2015, solar power accounted for 40% of all new electric generating capacity brought on-line in the U.S. according to a recent report by the Solar Energy Industries Association (SEIA). That makes economic sense, especially for U.S. rooftop solar. Photovoltaic (PV) system costs have fallen and buyers are willing to pay more for homes that have PV systems than they will pay for similar homes without them. Homeowners can now install solar panels and then immediately recover their PV investment, and more, if they sell their house. Continue reading Rooftop solar’s resale value exceeds its cost