Delaware solar power facts
Average cost of a 5kw solar power system in 2016
Price shown before incentives
Average payback time
Average lifetime savings
Price shown after repayments of capital
Levelized cost of solar energy
If you don't get solar
The forecast average utility price over the next 25 years
(per kW of peak DC solar panels)
Cash flow graph based on cash purchase of a 5kw system
Solar companies in Delaware that provide pricing through the Solar-Estimate marketplace
Solar power in Delaware
Delaware has a solid array of solar incentives available to the home and business owner looking to go solar.
Delaware can be regarded as a Solar Friendly State and currently ranks about 12th for installing solar power at the moment.
The combination of Net Metering, the FTC and some first class state based incentives makes solar a great investment for your home in Delaware.
Those looking at solar power in Delaware should take note that many incentives are becoming fully subscribed or are winding down.
There is talk of changing Net Metering in several States so getting in while you can may prove to be wise.
Payback times on systems are around 8 to 10 years depending on factors like the size of the system and the brands of equipment used as well as what Utility you buy your power from.
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Best brands of solar panels
To find the best brands of solar panels you can use America's most trusterd solar panel comparison and reviews website, SolarReviews.
However, reviews of solar panels can be a bit meaningless because most consumer owners have not had any issues and so whilst solar company reviews are very important when choosing solar installers they are of less use when choosing solar panels.
For more information to help you make an informed decision about this topic, I would recommend this article about buying solar panels.
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Compare solar quotes from the top solar companies in Delaware
How much electricity will solar panels produce in Delaware
Solar panels produce different amounts of energy in different locations.
Around the Dover area solar panels installed on a south facing 29 degree pitch roof will typically produce:
1,168 kWh per year per 1kw of peak DC (direct current) capacity
For more information about how your location, roof direction and roof tilt affects solar power production use the solar panels calculator and enter your address below.
What rebates, solar tax credits and other solar incentives are available in Delaware
Delaware Clean Energy Grant Incentives
Delmarva Power offers an incentive of 85 cents per watt up to 5kW, 25 cents per watt over 5 kW.
Delaware Electric Cooperative also offers an incentive of 85 cents per watt and 20 cents per watt over 5kW up to 20kW. Do be aware that payments are delayed until 2017.
The best incentive is offered by DEMEC Member Utilities who only for Newark residents offers to cover 33.3% of the cost up until 7,500$.
At the end of the day these rebates/incentives are conditional and are winding down. In some instances programs are pre subscribed, yes waiting list people.
The solar carve out and Delaware SREC's
Delaware has a renewable energy targetthat requires utilities operating in the state to source 25% of their electricity from renewable sources.
The legislature has further mandated that part of this renewable energy must come from solar, this is known as the solar carve out and requires that a certain percentage of that power comes from solar panels.
It starts out small and increases incrementally until it reaches its target of 3.5% by 2025.
The way they enact this program, so that the liable entities (the utilities) do not have to build this solar capacity themselves is to attach a Solar Renewable Energy Credit (SREC) to each MWH of solar electricity generation in the state.
You (or your installer) registers your installation and you can then create and trade these SREC certificates.
You get 1 SREC for each MWh (Megawatt hour) of solar electricity production.
For a 5kw system you get approximately 6 solar carve out per year. At a market value at $50 this is an annual return of $250 per year.
Delaware has a slightly clunky method of disposing of SRECS your local Solar Pro will be a good source of info on this.
Net Metering in Delaware
Many people don't understand the importance of net metering policy to the residential solar industry.
Solar by its nature generates most power during the middle of the day when most people are at work or school and little power is being used in the home.
Net metering means that for every unit of surplus solar generation generated during the day you effectively get a credit for a kilowatt hour of power purchased from the grid at another time.
Excess generated Kilowatt hours or credits can be rolled over into the next month billing period.
At the end of a 12 month period excess credits can be converted to cash.
This is something that you have to arrange with your utility, your local Solar Pro can help with this.
Sales and Property tax information
In Delaware there is NO Property Tax exemption on solar installations. So it will add value to your house for property tax purposes. This is an area that need to be sorted out, most states have solar installs as sales tax exempt. Your solar system is also exempt from sales tax.
Cost of Solar Systems in Delaware
You should be able to buy good quality solar power systems from reputable installers in the range of $3.20 to $3.70 per watt, before incentives and fully installed.
At this sort of price level you are talking about a payback period of 7 years or less and an internal rate of return on investment of around 20%.
Delaware Interconnection guidelines
Delaware has a standard interconnection process in place that applies to Solar Installs up to 10 kW.
There is more info about it here but your best source of current info is likely to be your local solar installers.
Regardless of what you want to know about the economics of installing solar panels for your home or business in Delaware we have a solar calculator that can show you exactly the information your require.
You can either use our full monty solar calculator that shows you everything you could possibly want to know or you can use one of our range of smaller calculators for specific solar calculations that focus on providing you only with the specific information you require.
What you can find out about installing solar panels in Delaware using our full monty solar calculator
This solar calculator requires you to input your address, utility company, your average monthly power spend - It tells you:
- What size solar system do you need?
Answers the question of How many solar panels do I need?
- How many square feet of roof space you need for solar panels
- Solar electricity production in annual kWh (kilowatt hours) you can expect from your solar system in Delaware
- The value of solar tax credits and other incentives you are entitled to based on the estimated size of system you need, your location and your utility provider.
- Likely cost based on an average of prices charged for solar systems of that size in the last year in Delaware or Dover;
- The likely payback period on your solar panels and your investment return.
- Your total lifetime solar savings based on each of the major solar finance options, a cash purchase, a cash purchase funded with a HELOC sol (home equity line of credit) and a zero down PPA or third party lease product.
If you want to see all of the above but also see live pricing, the three best solar deals available in your city and get binding quotes from each of these solar companies then use this solar panels calculator. This calculator requires you to also input your name and contact details because most of our 200+ installer partners will only authorize the sharing of their live solar pricing where we have validated that you are a real homeowner with a home in their service area. We respect the privacy of your data and only share your contact details with the solar companies you ask us to get binding quotes from.
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How much do solar panels cost in Delaware
$3.10 per watt
Cash purchased solar system
Before 30% solar tax credit
$3.50 per watt
Financed solar system
Before 30% solar tax credit
Av. 15 year term, 2.5% price escalator
What are the pros and cons of buying solar panels for your home in Delaware
The advantages of installing solar panels in Delaware is there is both state based incentives and the federal tax credit. In addition Delaware also has expensive power meaning overall the return on investment for an installation of residential solar panels in Delaware is one of the the best in the nation.
The disadvantage of installing solar panels for your home in Delaware is that there is less overall solar irradiation in Delaware per year and so a solar system, produces less than it would in some other areas. However, the local incentives are quite good and certainly have got the solar market going in Delaware. If you own a home in Delaware you will be kicking yourself in a few years if you didn't install solar panels while these great incentives are still around.