A combination of decreased cost and increased financial incentives have made solar panels more affordable which is good news for the house on Monroe St.
Increased production of a key ingredient in solar panels and decreased demand from our friends in Europe have contributed to the 40% drop in cost according to this recent NY Times article.
Time to get in line again for DC’s Renewable Energy Incentive Program (REIP) and hope additional funding is on the way. The REIP is oversubscribed and the current budget of $2 million is not sufficient to meet the demand.
Although we’ll be number 72 or so on the waitlist, the good news is that prices for solar panels are expected to drop a bit more and technological advances might be available by the time our project is up for funding. Yes, our solar energy glass is half full.