Tag Archives: california

Renew Financial review: everything you need to know about CaliforniaFIRST financing and PACE

Solar loans are the fastest-growing method of financing a solar panel installation for your home or business. Across the country, more than half of all new solar installations are done with either a cash purchase or through a solar loan.

Based in sunny California, Renew Financial is one of the leading providers of Property Assessed Clean Energy (PACE) financing in the country. If you’re comparing quotes for solar installations or other home energy upgrades from different contractors, you may have seen a CaliforniaFIRST or other financing option from Renew Financial.

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The State of California Solar Policy

The California solar market is facing one of its biggest periods of upheaval ever and the next few months will set the fate of the industry for the next decade as the state decides the future of “net metering”. The stakes could not be higher for this 75,000 worker, $4 billion industry so let’s take a deeper dive into the forces bombarding the industry, the trials ahead, and how the industry can defend itself to make it through this challenging time.

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How much does a 20,000 Watt (20 kW) solar system cost?

If you’re shopping for a solar energy system, one of your first questions is probably, “how much will it cost?” Prices depend on the size of your system, the type of equipment you choose, and the state that you live in, but reviewing prices for a 20 kilowatt (kW) system is a great place to start for many smaller homes. Learn more about how much a 20 kW solar system costs, how much electricity a 20 kW system will produce, and the smartest way to shop for solar.

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California home battery rebate: Self-Generation Incentive Program (SGIP) explained

(Update: California’s Governor Brown signed SB 700. This adds approximately $800 million in additional funding for SGIP and extends the program through 2025.)

California’s SGIP rebate is one of the best incentives in the country for homeowners who want to install a home battery with their solar panels. The Golden State already leads the country in solar energy – it has more solar capacity than any other state in the U.S., and nearly six times more solar than number-two state Arizona. Now, California is becoming a leader in energy storage. Thanks to the Self-Generation Incentive Program (SGIP) you can get a rebate for most or all of your solar battery installation in California, and it’s about to become a lot easier for homeowners to access. Here’s everything you need to know about the SGIP rebate.

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Net metering 3.0: what does it mean for you, and how can you help?

If you look at the best solar markets in the US, they all have one thing in common: a strong net metering policy. Net metering–or NEM–allows you to earn credits for any excess solar electricity you send to the grid when your solar panel system generates more than you need. 

Over the next year, California will be releasing the third iteration of net metering, or NEM 3.0. And as of summer 2021, there’s still a lot for the state to decide on – we don’t know exactly how credit values will change, or what they’ll change to, but we do know that whatever happens will have large implications for the country’s leading solar market. We’ll continue to keep this article updated with the most recent news on NEM 3.0, and in the meantime, discuss some of the proposed changes to the state’s current net metering policy, along with timelines.

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What’s happening to net metering in California? A Q&A with CALSSA

California has historically been the best market for solar in the US, and the success of the solar industry as a whole can largely be traced back to the success of solar in California. In fact, out of the more than 2.5 million residential solar installations in the US, more than 1.2 million are in California alone! 

However, the future of solar in California –and of residential solar in particular–hangs in the balance. In a current review of the future of net metering in the state, a series of proposals before the California Public Utilities Commission (CPUC) recommend significantly reducing the value of residential net metering credits. For a sense of the types of proposals submitted, check out this joint proposal from the major utilities in the state, which would reduce residential net metering credits to 23 percent of their value today and impose a monthly fee on solar owners of nearly $80 per month, making new residential solar all but impossible in the state. 

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