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1. Back- contact solar panels.
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It’s suitable for applications in agricultural areas and the built
environment, and there’s also great potential in the transport
sector. Examples are completely black or shade-tolerant panels,
and panels in unconventional shapes and dimensions, with
different colours and patterns.
Greater yield with lower costs
We see a trend in today’s market of small, constant increases in
energy yields in commercial solar panels. This is a result of years
of developments around the world in the research labs of
industrial enterprises and research institutes, such as TNO.
Increased efficiency in energy conversion by modules is one of
the strongest drivers of cheaper electricity production and more
2. competitive solar power (PV). This is also important for smaller
surface areas that need to generate the highest possible energy
yield, for example in densely populated countries such as the
Netherlands.
Record efficiency with back-contact cells
We’re developing technology for all back-contact silicon cells,
such as the metal wrap-through (MWT) and interdigitated back-
contact (IBC) concepts and modules. Back-contact cells have the
potential to achieve the highest possible energy yields for single
crystal silicon. A major challenge here is to achieve low costs for
the production process as well as more efficiency. In addition, it’s
important to integrate these cells into solar panels efficiently,
without any decline in yield and with the greatest reliability.
Our technology makes it possible to connect these cells with little
or no loss of efficiency and with high reliability. For this purpose,
we worked with our industrial partners on developing the
conductive foil concept, such as a circuit board for PV modules
and back-contact solar cells.
Potential for design and applications
The efficiency benefits provided by back-contact cells and
conductive foil module technology are very important for the
built environment. And also for special applications where it’s
essential to achieve the highest possible energy generation on a
limited surface. The conductive foil also allows a larger degree of
design freedom. For example, there’s flexibility in the size of cells
and cut cells, distances between cells and their orientations, and
better performance if the PV element cannot be optimally
positioned in relation to the sun, such as on the side of a
building. Especially in Europe, there’s increasing demand for
additions to the range of products and potential applications.
Our back-contact foil module technology is a response to this.
3. So, the technology toolbox that we’ve developed offers unique
opportunities for new solar panel designs in the built
environment. These have been demonstrated in various
prototypes, such as completely black panels and shade-tolerant
panels, panels of unconventional shapes and sizes, with different
colours and patterns, and panels with ultra-thin solar cells.
Expertise portfolio
Over recent decades, we’ve built up an extensive technology and
expertise portfolio for back-contact solar cell technology. In
collaboration with industrial partners, such as producers of
materials, machinery, cells, and modules, we’ve developed the
technologies further. We’re now focusing on boosting the
potential for application in the built environment, together with
other applications.
We support the business community with research and
development for back-contact solar panels, involving the
following:
• Optimizing the cell process, metallisation pattern, and
interconnection design
• Unique connection technologies to integrate individual back-
contact cells into large solar panels, including processing
techniques and equipment
• Applying existing and new solar panel materials for
conventional and novel applications
• Building prototypes for various formats and shapes, 3D-curved,
and lightweight
• Charact erisation, service life, and reliability of solar panels.
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Leasing Solar Panels Vs. Buying Solar Panels:
Major Differences, Pros And Cons
If you are interested in using solar panels to power your home
and help the environment, the sticker shock may give you second
thoughts. However, there is another option: Leasing solar panels
can allow you to switch to solar energy without the upfront
investment.
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Explore Options
5. The biggest commonality between leasing and buying solar
panels is that the homeowner can experience utility savings while
reducing their impact on the environment. No matter which type
of solar panel you’re thinking about, leasing vs. owning is still a
valid concern.
Key Differences Leasing Solar Panels
Leasing solar panels makes the switch to solar energy more
attainable for customers who may not have the cash reserves
required for the upfront investment in solar panels. However,
unlike buying solar panels, or using a payment plan toward the
purchase of solar panels, leasing solar panels means you do not
own them. Rather, a third party owns the equipment.
Buying Solar Panels
When you buy solar panels, there may or may not be a payment
plan available. There are often additional credits available to
people who purchase solar panels based on the state or the
6. manufacturer’s reimbursements. Still, there is bound to be an
upfront investment when you purchase solar panels.
Leasing Solar Panels Cost
On average, leasing solar panels will cost between $50 and $250
per month. This cost is determined by multiple factors, i.e., how
much energy you use, the company, your location and your credit
score. Plus, some solar companies require a down payment,
while others allow you to lease with a $0-down agreement. These
costs should be considered when determining if you should lease
a solar panel system.
Which Payment Option Is Best?
There are a few ways to look at the payment options available for
buying or leasing solar panels. In considering these options, the
biggest factor may be how long you plan to stay in the home and
what money you have available to invest in the solar panels.
If you have available funds, then buying solar panels is ultimately
the savvier financial decision. That’s because, although solar
panels cost an average of $18,000 to install, the average amount
of time it takes to get a full return on the investment due to
energy savings is between seven and 10 years. You can also
benefit from federal tax credits and reimbursements when you
own the system
On the other hand, you may be able to begin leasing solar panels
for little to no money down. Although you don’t qualify for tax
credits or reimbursements, this is an attractive way to quickly
start saving money on utility bills and help the environment—
even if you aren’t able to independently invest in the solar panels.
7. On average, solar loans last about 20 years, although some are
available for short periods of time. Considering the average
payback period for people who own solar panels is seven to 10
years, owning is ultimately the better way to save money.
Ways to Pay for Solar Panels Cash
Paying for solar panels with cash is an upfront expense, however
it is ultimately the lowest cost way to purchase and benefit from
solar panels. That’s because when you pay for solar panels with
cash, you will not accrue interest on the payments. Instead, from
the moment you purchase the solar panels, you can begin “paying
them back” by saving money on monthly utility bills. Without
hidden fees or fine print, you can have full knowledge over how
much the solar panels cost.
Home Equity Loan
If you want to finance the purchase of solar panels, a home
equity loan may be a good way to get a low interest rate. Also
known as a HELOC, you first need to have equity in your home.
Then, you will work with a lender to work out the terms and
conditions. Once you are approved for a HELOC, you can
purchase the solar panels upfront and then pay the HELOC back
through the lender or the third party to whom they’ve sold the
loan.
Solar Loan
With a solar loan, you can still be eligible for rebates and
incentives associated with purchasing solar panels—while
spacing out the payments through the terms of the loan. As with
any loan, you will be charged interest over the course of the loan
term.
8. That means you will ultimately end up spending more than the
upfront cash rate for the solar panel. The difference between
getting a solar loan and using a solar lease is that, with a loan,
you own the system. If you are interested in a solar loan, you will
need to shop around for the best rates and terms.
What You Can Lose by Leasing Ineligible for Rebates
and Incentives
With a solar lease, you do not own the system and therefore do
not qualify for government or private rebates or incentives for
the solar panels. Depending on where you live, the cash-based
incentives may be significant enough to make purchasing solar
panels a much better option.
The Home Can Be Hard to Sell
Although solar panels in general add value to a home, a home
with leased solar panels can complicate a real estate transaction.
If the panels cannot be moved, or the lease cannot be transferred
to the new owner (either because they are disinterested or the
lease originator will not agree), then you may have to pay more to
break the contract.
Compare Quotes From Top-rated Solar Panel
Installers
Select a State To Get Started With Your No Commitment, Free
Estimate. Find a Solar Panel Installer What You Can Gain by
Leasing Little to No Upfront Costs
Depending on the terms of the solar lease, you may be able to get
solar panels up and running on your home for little to no money
down. Although you will continue to make payments throughout
9. the term of the lease, you will also save money through your
utility bill.
Avoid Maintenance Costs and Efforts
Solar panels are relatively low-maintenance—however they are
not entirely maintenance-free. That is unless you have a solar
lease. With a lease, any problems with the solar panels should be
covered by the third-party owner. All that leaves to you is
occasionally brushing debris off the panels.
What You Can Lose by Buying The Investment is Steep
Whether you use cash or a private loan for solar panels, the
amount you have to pay to own solar panels is not insignificant.
If you do not have the available funds for a cash purchase, then
you will pay more over the life of a loan in interest.
Questionable Return on Investment if You Move
Although solar panels can get a good return on investment if you
plan to stay in the home long-term, the payback may not be quite
as good if you sell to another homeowner who doesn’t see the
value in solar panels. If you opt to move your solar panels, the
average cost is $4,000 to $8,000.
What You Can Gain By Buying Eligible for Rebates and
Incentives
As the owner of the solar panels, you can qualify for government
and private cash incentives. These can dramatically reduce the
cost of the solar panels while giving you full ownership of the
system.
Long-Term Savings
10. Whether you buy or lease solar panels, you will be able to save
money with monthly utility bills. The difference is that you have
to pay to lease solar panels for as long as the lease lasts—whereas
you may not have payments when you own the solar panels and
can just enjoy the monthly savings. If you plan to use solar panels
for decades to come, this makes purchasing the much better
option.
Tax Credits And Incentives
Federal Solar Tax Credit
Based on the Investment Tax Credit, also known as the federal
solar tax credit, you can deduct 26% of the cost of installing solar
panels on your home from your federal taxes if you own the
system. This credit is guaranteed through 2022.
11. State Tax Credits
Depending on your state, you may or may not be eligible for a tax
credit for the purchase of solar panels. Because cash incentives
are one of the biggest benefits of purchasing solar panels, then
leasing may have an advantage if your state does not offer a tax
credit.
Buying Is Best if You Have the Money
Although the upfront investment associated with buying solar
panels is no small matter, the panels will eventually “pay for
themselves”—generally in less than 10 years. After that, the
energy savings can continue.
Leasing Is Best if You Want to Get Started With Solar
When you lease solar panels, you get the benefits of reducing
your utility bills and helping the environment without
dramatically affecting your savings at one time. Depending on
the lease program and terms, you may be able to buy the solar
panels at the end of the agreement.
Bottom Line
Owning or leasing solar panels both allow homeowners to enjoy
utility bill savings while helping the environment. Leasing is
better if you want to get started with solar without a large initial
investment while owning is the best way to save money long-
term.
Compare Quotes From Top-rated Solar Panel Installers
Free, No-commitment Estimates
12. Your Home. Your Decisions. Our Support.
Get expert advice on your home, design tips, how much to pay for
pros and hiring experts, delivered to you daily.
Rossen Reports: You can save this much with solar
Solar panels for your home just got a lot cheaper. Now that the
Inflation Reduction Act was signed, you can get a 30% tax credit
on solar panel installation for your home through 2032. But
should you make the solar switch? There are a lot of things to
consider! Watch the video above: Rossen Reports checked out a
solar panel installation with Sun Power. Jensen Chapman talked
us through some of the basics that you need to know if you’re
considering getting solar panels installed on your home. Benefit
for the environment Solar is renewable energy, which means
fewer pollutants are being put into the air. You're reducing the
amount of electricity that needs to be moved across the power
lines as well. Solar energy lowers the stress on the electricity grid
because most solar energy stays in the area where it's generated.
That means it doesn't need to be transmitted long distances. The
power lines then get a breather when demand is highest. Here's
another calculator from Energy Sage. The cost There’s no one-
size-fits-all when it comes to cost. The upfront costs can cover
everything from the panels, cables, wiring, metering equipment
and labor costs. The good news is that your start seeing savings
from the minute you install solar panels on your house. Experts
say installation can pay for itself in five to ten years if you live in
a sunny part of the country. If you live in a cloudier area and
have higher utility bills, it could take 10 to 20 years. The type of
panels you get, how many you get, etc., determines your upfront
cost of getting solar on your house. You can cut down that cost by
thousands of dollars with federal, state and local tax credits. In
most states, you can get thousands of dollars taken off. The
monthly benefits The major benefit to getting solar panels is that
you’re offsetting your electricity bill. You’re cutting down that
monthly bill, getting it lower and lower. By how much depends
13. on where you live, how much sun your roof gets, how many
panels you have, what the monthly cost of your electricity usage
is, etc. Most people don’t want to go completely off the grid, so
you’re still connected. Your house may need to draw power from
the grid when the panels can’t generate enough electricity, like on
a cloudy day or at night. But what if your house is converting
more energy than what you're actually using? You can either
store it or send it back. With your solar installation, you can buy
a storage battery that will keep whatever you're not using. That
way on cloudier days or at night when you need more electricity,
you can draw from it. It can also be a little generator if the power
goes out. In most states, you can also send excess electricity back
to the grid for your area. They're called Net-Metering Programs.
Whatever you don't need, you send it back to the grid for credit
on your monthly electric bills. If this is something that appeals to
you, make sure your local or state government allows for sending
solar back. Find out if solar is right for you. The cost and how
useful solar is can vary from house to house! Only you can decide
if it’s right for you. Google has a website called "Project Sunroof."
You put in your address and it uses Google Earth Imagery to
analyze your roof and local weather patterns. It will calculate
your average electric bill and how much money you could save if
you went solar. Sun Power also sent us this article on the 10
Clean Energy Benefits in the Inflation Reduction Act that Could
Change Your Home and Fill Your Wallet. Want to know more
about how solar can increase your home value? Click here to read
up on it.
Solar panels for your home just got a lot cheaper. Now that the
Inflation Reduction Act was signed, you can get a 30% tax credit
on solar panel installation for your home through 2032. But
should you make the solar switch? There are a lot of things to
consider!
Watch the video above: Rossen Reports checked out a solar panel
installation with Sun Power. Jensen Chapman talked us through
14. some of the basics that you need to know if you’re considering
getting solar panels installed on your home.
Benefit for the environment
Solar is renewable energy, which means fewer pollutants are
being put into the air. You're reducing the amount of electricity
that needs to be moved across the power lines as well.
Solar energy lowers the stress on the electricity grid because
most solar energy stays in the area where it's generated. That
means it doesn't need to be transmitted long distances. The
power lines then get a breather when demand is highest. Here's
another calculator from Energy Sage.
The cost
There’s no one-size-fits-all when it comes to cost. The upfront
costs can cover everything from the panels, cables, wiring,
metering equipment and labor costs. The good news is that your
start seeing savings from the minute you install solar panels on
your house. Experts say installation can pay for itself in five to
ten years if you live in a sunny part of the country.
If you live in a cloudier area and have higher utility bills, it could
take 10 to 20 years. The type of panels you get, how many you
get, etc., determines your upfront cost of getting solar on your
house. You can cut down that cost by thousands of dollars with
federal, state and local tax credits. In most states, you can get
thousands of dollars taken off.
The monthly benefits
The major benefit to getting solar panels is that you’re offsetting
your electricity bill. You’re cutting down that monthly bill,
15. getting it lower and lower. By how much depends on where you
live, how much sun your roof gets, how many panels you have,
what the monthly cost of your electricity usage is, etc. Most
people don’t want to go completely off the grid, so you’re still
connected. Your house may need to draw power from the grid
when the panels can’t generate enough electricity, like on a
cloudy day or at night.
But what if your house is converting more energy than what
you're actually using? You can either store it or send it back.
With your solar installation, you can buy a storage battery that
will keep whatever you're not using. That way on cloudier days or
at night when you need more electricity, you can draw from it.
It can also be a little generator if the power goes out. In most
states, you can also send excess electricity back to the grid for
your area. They're called Net-Metering Programs. Whatever you
don't need, you send it back to the grid for credit on your
monthly electric bills. If this is something that appeals to you,
make sure your local or state government allows for sending
solar back.
Find out if solar is right for you
The cost and how useful solar is can vary from house to house!
Only you can decide if it’s right for you. Google has a website
called "Project Sunroof." You put in your address and it uses
Google Earth Imagery to analyze your roof and local weather
patterns. It will calculate your average electric bill and how much
money you could save if you went solar.
Sun Power also sent us this article on the 10 Clean Energy
Benefits in the Inflation Reduction Act that Could Change Your
Home and Fill Your Wallet. Want to know more about how solar
can increase your home value? Click here to read up on it.