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Residential Solar

All articles tagged with #residential solar

NJ loosens balcony solar rules to boost DIY plug-in panels
technology1 month ago

NJ loosens balcony solar rules to boost DIY plug-in panels

New Jersey Gov. Mikie Sherrill signed the Garden State Balcony Solar Act, easing approval for small plug-in balcony solar panels and letting renters install them with landlords’ reasonable restrictions. These kits can offset 10–25% of a home’s power, cost roughly $400–$2,000, plug into a standard 120V outlet, and are designed for outdoor spaces. New Jersey becomes the ninth state to loosen such rules, with about 200,000 existing installations statewide and ~5 gigawatts of capacity; supporters say the move lowers bills and reduces emissions.

via Gothamist|
#balcony-solar#energy-policy#plug-in-solar
Solar Power Dominates US Energy Landscape with Record Installations and Short Payback Periods
energy3 years ago

Solar Power Dominates US Energy Landscape with Record Installations and Short Payback Periods

EnergySage's market intelligence report for June 2022 to July 2023 reveals that residential solar prices have increased for two consecutive years, with the average solar quote reaching $2.90 per Watt in the first half of 2023. However, solar prices have started to cool off in Q3, decreasing by about 3.5% so far. Energy storage prices also rose by 1% in the first half of 2023, with over 50% of solar quotes including a battery. The residential solar sector has faced challenges due to rising interest rates and reduced compensation for exporting solar. Despite these obstacles, EnergySage remains optimistic about the resilience of solar and storage industries. The average payback period for residential solar is 8.3 years, and the five largest solar markets in the US have lower quoted prices compared to the national median. Interest in energy storage has increased, driven by self-supplying solar generation and backup power for outages.

via pv magazine USA|
#energy#energy-storage#energysage
California Solar Reform Threatens US Home Solar Installers.
energy3 years ago

California Solar Reform Threatens US Home Solar Installers.

California's upcoming policy change to reduce the subsidy for rooftop solar owners sending excess power into the grid is expected to slow down the US residential solar market. The reform will reduce the money credited to rooftop solar owners, which has underpinned more than a decade of explosive growth. Solar companies say the move threatens California's efforts to decarbonize the grid by 2045 by slowing installations, while state regulators say the reform will shore up power reliability by adding new incentives for homeowners to buy batteries that store clean power on site.

via Reuters|
#battery-storage#california#energy