Home Solar Power in Delaware
Delaware’s largest energy resource is the sun and although it isn’t one of the sunniest states it is very well suited for home solar power. It might surprise you to know that one day of sun in Delaware can produce more energy than existing electrical plants can generate in an entire year.
Delaware Solar Rankings
Despite its small size Delaware is huge when it comes to home solar energy systems. Last year in Delaware over $21 million was invested in solar installations. Delaware ranked #26 in the nation for new solar installations and 24th overall for solar capacity in the United States. There is currently enough solar energy installed in Delaware to power over 7,700 homes saving electrical rate payers thousands of dollars every year.
Delaware Solar Industry
The solar industry in Delaware has also proven to have a very positive impact on the economic health of Delaware as well. There are currently over 48 solar related companies that employ over 400 people in Delaware. The jobs created by the solar industry in Delaware include manufacturing, installation, sales, distribution, engineering and financing.
Delaware Solar Programs
Strong state solar policies are the driving force behind the success of Delaware home solar programs. An impressive renewable energy standard mandating 25% of electricity production must come from renewables by 2025, with a 3.5% solar carve out, and a variety of strong SREC (Solar renewable energy certificate) programs promise the continued growth of solar in Delaware.
Solar Financing in Delaware
For Delaware homeowners whose home is a good candidate for solar power, the financial return on investing in a photovoltaic home solar system in can be very positive. At approximately 10 years, Delaware has one of the shortest home solar payback periods in the nation and savings will continue long after the system is paid off. The life of a solar PV system is 20 years or more.
Because Delaware allows for net metering the state has attracted the attention of some of the leading solar companies in the nation creating financing opportunities, including solar leases and PPA’s ( Power Purchase Agreements) that make it easy to start saving on your energy bills immediately. Many Delaware homeowners will easily qualify to get a solar power system installed with absolutely no upfront costs.
Contact a Solar Consultant to see what programs, incentives and rebates you qualify for.