Solar Resources
Company
- Company Fact Sheet
- Company Backgrounder
- Executive Team Bios
- Frequently Asked Questions – General
- Frequently Asked Questions – SRECs
- Industry Certifications and Memberships
Videos & Demos
Illustrations
- Factors That Impact System Size
- Location Quality Examples
- System Size Examples
- Sunshine in the Eastern U.S.
Graphs & Tables
- U.S. Panel Pricing & Shipment Trends
- Electricity Prices – U.S.
- Electricity Prices – Delaware
- Electricity Prices – Maryland
- Electricity Prices – Massachusetts
- Electricity Prices – Michigan
- Electricity Prices – New Jersey
- Electricity Prices – New York
- Electricity Prices – Ohio
- Electricity Prices – Pennsylvania
- Electricity Prices – Virginia
- Electricity Prices – Washington, DC
- Electricity Prices – West Virginia
- RPS Required % of Electricity from Solar Energy – Delaware
- RPS Required % of Electricity from Solar Energy – Maryland
- RPS Required % of Electricity – Massachusetts
- RPS Required GWhs % of Electricity from Solar Energy – New Jersey
- RPS Required % of Electricity from Solar Energy – Ohio
- RPS Required % of Electricity from Solar Energy – Pennsylvania
- RPS Required % of Electricity from Solar Energy – Washington, DC
Industry Articles
- An Analysis of the Effects of Residential Photovoltaic Energy Systems on Home Sale Prices in California (US Department of Energy)
- Study Finds Solar Panels Increase Home Values (The New York Times)
- More Evidence of Rational Market Values for Home Energy Efficiency (The Appraisal Journal)
- Builders Find the Savings From Cheap Power is Making Solar Homes More Attractive (Business Week)
Helpful Links
- Database of State Incentives for Renewables and Efficiency (DSIRE)
- Pennsylvania House Bill 1580
- Form 5695 (IRS 2010) – Federal Residential Energy Credits
- SEIA FAQs – Federal Solar Energy Incentives
- Delaware Energy Office
- Detroit Edison SolarCurrents Customer-Owned Program
- EPA Greenhouse Gas Equivalencies Calculator
- Maryland Residential Solar Grant Program
- Massachusetts Commonwealth Solar II Rebate Program
- Michigan Consumers Energy Experimental Advanced Renewable Program
- New Jersey State Renewable Energy Incentives Program
- Ohio Advanced Energy Program Grant
- Pennsylvania Alternative Energy Portfolio Standard Program
- Pennsylvania Sunshine State Solar Rebate Program
- Virginia Solar And Wind Power Rebate Program
- Washington, DC Renewable Energy Incentive Program
U.S. Electricity Prices
U.S. electricity rates have historically increased 9% a year over the last decade, and are forecast to continue rising for the foreseeable future. We factor this into the payback calculations in our Solar Calculator and show you how much you can save with solar panels, by freeing yourself from rising electricity prices and effectively locking in your own electricity rates for 25 years!
Washington, DC Electricity Prices
Washington, DC’s electricity rates have historically increased over 59% over the last decade, and are forecast to continue rising for the foreseeable future. We factor this into the payback calculations in our Solar Calculator and show you how much you can save with solar panels, by freeing yourself from rising electricity prices and effectively locking in your own electricity rates for 25 years!
Virginia Electricity Prices
Virginia's electricity rates have increased over 42% over the last decade, and are forecast to continue rising for the foreseeable future. We factor this into the payback calculations in our Solar Calculator and show you how much you can save with solar panels, by freeing yourself from rising electricity prices and effectively locking in your own electricity rates for 25 years!
Solar Panel Pricing Trends
*Source: Navigant Consulting
Pennsylvania Electricity Prices
Pennsylvania's electricity rates have historically increased over 23% over the last decade, and are forecast to continue rising for the foreseeable future. We factor this into the payback calculations in our Solar Calculator and show you how much you can save with solar panels, by freeing yourself from rising electricity prices and effectively locking in your own electricity rates for 25 years!
Ohio Electricity Prices
Ohio’s electricity rates have increased over 20% over the last five years and are forecast to continue rising for the foreseeable future. We factor this into the payback calculations in our Solar Calculator and show you how much you can save with solar panels, by freeing yourself from rising electricity prices and effectively locking in your own electricity rates for 25 years!
New Jersey Electricity Prices
New Jersey's electricity rates have historically increased over 62% over the last decade, and are forecast to continue rising for the foreseeable future. We factor this into the payback calculations in our Solar Calculator and show you how much you can save with solar panels, by freeing yourself from rising electricity prices and effectively locking in your own electricity rates for 25 years!
Maryland % of Electricity from Solar Energy
| 2010 | .025% | 2014 | .3% | 2018 | .9% | 2022 | 2.0% |
| 2011 | .05% | 2015 | .4% | 2019 | 1.2% | 2023 | 2.0% |
| 2012 | .1% | 2016 | .5% | 2020 | 1.5% | 2024 | 2.0% |
| 2013 | .2% | 2017 | .55% | 2021 | 1.85% |
Delaware % of Electricity from Solar Energy *
| 2010 | .014% | 2016 | 1.0% | 2022 | 2.5% |
| 2011 | .018% | 2017 | 1.25% | 2023 | 2.75% |
| 2012 | .02% | 2018 | 1.5% | 2024 | 3.0% |
| 2013 | .04% | 2019 | 1.75% | 2025 | 3.25% |
| 2014 | .06% | 2020 | 2.0% | 2026 | 3.5% |
| 2015 | .08% | 2021 | 2.25% |
* Years are based on a June 1 through May 31 period. For example, 2011 represents the 12 months of June 1, 2010, through May 31, 2011.
Pennsylvania % of Electricity from Solar Energy *
| 2007 | .0013% | 2011 | .0203% | 2015 | .1440% | 2019 | .3900% |
| 2008 | .0030% | 2012 | .0325% | 2016 | .2500% | 2020 | .4433% |
| 2009 | .0063% | 2013 | .0510% | 2017 | .2933% | 2021 | .5000% |
| 2010 | .0120% | 2014 | .0840% | 2018 | .3400% | 2022 | .5000% |
* Years are based on a June 1 through May 31 period. For example, 2010 represents the 12 months of June 1, 2009, through May 31, 2010.
The ACP for solar PV in Pennsylvania has been set at 200% of the average market value of the solar credits sold during the reporting period. The current ACP is approximately $500, but is subject to constant change. You can view the current market prices for Pennsylvania SRECs here.
Washington DC % of Electricity from Solar Energy
| 2008 | .011% | 2012 | .07% | 2016 | .21% | 2020 | .40% |
| 2009 | .019% | 2013 | .10% | 2017 | .25% | 2021 | .40% |
| 2010 | .028% | 2014 | .13% | 2018 | .30% | 2022 | .40% |
| 2011 | .04% | 2015 | .17% | 2019 | .35% | 2023 | .40% |
Maryland Electricity Prices
Maryland’s electricity rates have historically increased by 9% a year over the last decade, and are forecast to continue rising for the foreseeable future. We factor this into the payback calculations in our Solar Calculator and show you how much you can save with solar panels, by freeing yourself from rising electricity prices and effectively locking in your own electricity rates for 25 years!
Maryland Yearly ACP per SREC
| 2011 | $400 |
| 2012 | $400 |
| 2013 | $400 |
| 2014 | $400 |
| 2015 | $350 |
| 2016 | $350 |
| 2017 | $200 |
| 2018 | $200 |
| 2019 | $150 |
| 2020 | $150 |
| 2021 | $100 |
| 2022 | $100 |
| 2023 | $50 |
| 2024 | $50 |
Delaware Electricity Prices
Delaware’s electricity rates have increased over 50% over the last five years and are forecast to continue rising for the foreseeable future. We factor this into the payback calculations in our Solar Calculator and show you how much you can save with solar panels, by freeing yourself from rising electricity prices and effectively locking in your own electricity rates for 25 years!
New Jersey Yearly ACP per SREC
| 2011 | $675 |
| 2012 | $658 |
| 2013 | $641 |
| 2014 | $625 |
| 2015 | $609 |
| 2016 | $594 |
Ohio % of Electricity from Solar Energy
| 2013 | .09% | 2017 | .22% | 2021 | .38% | ||
| 2010 | .01% | 2014 | .12% | 2018 | .26% | 2022 | .42% |
| 2011 | .03% | 2015 | .15% | 2019 | .3% | 2023 | .46% |
| 2012 | .06% | 2016 | .18% | 2020 | .34% | 2024 | .50% |
New Jersey GWhs % of Electricity from Solar Energy *
| 2015 | 965 GWhs | 2020 | 2,164 GWhs | 2025 | 4,610 GWhs | ||
| 2011 | 306 GWhs | 2016 | 1,150 GWhs | 2021 | 2,518 GWhs | 2026 | 5,316 GWhs |
| 2012 | 442 GWhs | 2017 | 1,357 GWhs | 2022 | 2,928 GWhs | ||
| 2013 | 596 GWhs | 2018 | 1,591 GWhs | 2023 | 3,433 GWhs | ||
| 2014 | 772 GWhs | 2019 | 1,868 GWhs | 2024 | 3,989 GWhs |
* Years are based on a June 1 through May 31 period. For example, 2011 represents the 12 months of June 1, 2010, through May 31, 2011.
Michigan Electricity Prices
Michigan’s electricity rates have increased over 50% over the last five years and are forecast to continue rising for the foreseeable future. We factor this into the payback calculations in our Solar Calculator and show you how much you can save with solar panels, by freeing yourself from rising electricity prices and effectively locking in your own electricity rates for 25 years!
New York Electricity Prices
New York’s electricity rates have increased over 20% during the last five years and are forecast to continue rising for the foreseeable future. We factor this into the payback calculations in our Solar Calculator and show you how much you can save with solar panels, by freeing yourself from rising electricity prices and effectively locking in your own electricity rates for 25 years!
West Virginia Electricity Prices
West Virginia’s electricity rates have increased over 25% during the last five years and are forecast to continue rising for the foreseeable future. We factor this into the payback calculations in our Solar Calculator and show you how much you can save with solar panels, by freeing yourself from rising electricity prices and effectively locking in your own electricity rates for 25 years!
Massachusetts Electricity Prices
Massachusetts’ electricity rates have increased over 44% over the last decade, and are forecast to continue rising for the foreseeable future. We factor this into the payback calculations in our Solar Calculator and show you how much you can save with solar panels, by freeing yourself from rising electricity prices and effectively locking in your own electricity rates for 25 years!
Massachusetts % of Electricity from Solar Energy *
| 2011 | 6% | 2015 | 10% | 2019 | 14% |
| 2012 | 7% | 2016 | 11% | 2020 | 15% * |
| 2013 | 8% | 2017 | 12% | ||
| 2014 | 9% | 2018 | 13% |
* Increases an additional 1% each year thereafter, with no stated expiration date.
Ohio Yearly ACP per SREC
| 2011 | $400 |
| 2012 | $350 |
| 2013 | $350 |
| 2014 | $300 |
| 2015 | $300 |
| 2016 | $250 |
| 2017 | $250 |
| 2018 | $200 |
| 2019 | $200 |
| 2020 | $150 |
| 2021 | $150 |
| 2022 | $100 |
| 2023 | $100 |