Federal tax breaks have fueled a boom. The House bill would end that immediately.
  • partial_accumen@lemmy.world
    15·
    3 days ago

    Its an odd time right now for residential solar in the USA right now.

    On the down sides:

    • Tariffs are hitting equipment manufacturers for certain components coming from outside the USA
    • Interest rates are moderately high for customers having to borrow to make the purchase
    • Large solar install companies continue to fall. Sunnova is the most recent to announce bankruptcy making long term installer warranties risky
    • On the battery front, Tesla is one of the best/cheapest solar battery solution makers, and they are politically toxic right now

    On the upside:

    • The 30% tax credits are still in place at least until the end of 2025
    • Electricity rates have continued to increase, meaning solar would be more beneficial

    If you can pay cash and you own your own home, going solar is most likely going to be beneficial for you. If you have to borrow or have heavy tree cover on your property it becomes more questionable. I have been very happy I put panels on my house and am benefiting from it.

  • just_another_person@lemmy.world
    2·
    3 days ago

    States in league with utilities providers are making it more difficult for solar owners to be edit as well. California is probably the worst offender from that perspective, and PG&E just made record profits reselling solar they didn’t generate. Arizona and Nevada have similar issues, so now it only makes sense to have a battery bank to maximize solar benefits, and that costs as much as the panels and circuits.