States with the greatest solar resources, such as Texas, California, Arizona, Hawaii and New Mexico, are the states in which solar PV is the most cost competitive. While those states make sense from a solar resource perspective, solar PV is also cost competitive in other places, including Massachusetts, New Jersey, New York, Pennsylvania and Connecticut. […]
FAQ Category: Financials
What kind of financial incentives can I receive if I own the solar PV system?
Depending on where the system will be located, there can be numerous local and state tax incentives available. Many states also have a lucrative market for the Solar Renewable Energy Credits produced by the system. On a federal basis, the tax owner of a commercial or utility scale solar PV system is eligible to receive […]
Does solar PV require a major upfront cost?
Typically not. The majority of our clients enter into a Power Purchase Agreement (PPA) with one of our reputable finance providers. A PPA allows the client to purchase the electricity produced by the solar system at a fixed rate over 20-25 years. The finance provider pays to construct the system and then owns it long […]
Is solar PV a cost-prohibitive technology?
Solar PV systems are a mature technology which is cost competitive and easily adaptable to existing sites – whether mounted on a roof, the ground or as a canopy. The cost of a solar PV system is contingent upon the type, size and physical location of the project. Our knowledge of numerous financing structures available […]