Frequently Asked Questions
What are the financial benefits of Solar?
When you produce your own electric, you save money on your electricity bills and protect yourself against rising electricity rates. Don't forget about the 30% federal tax credit for even more savings
Are higher electric rates in our future?
YES!!! Electric rates only have on way to go... UP! With the rise of electric vehicles comes a higher demand on our electric grid. The demand on the grid is expected to double in the next 20 years and with increased demand come increased prices. Also to come... Grid Instability and rolling blackouts?
How can BC Solar help with grid outages?
As we have seen in California and Texas lately, the American Electric grid is aging and having trouble with the rise in demand. Add in a sudden influx of electric cars and things might get worse. Ask us about a battery system in conjunction with solar to ensure you are never without electricity.
How does solar impact my property value?
Investing in solar power positively impacts your property value. According to a study by the Lawrence Berkeley National Laboratory, homebuyers consistently demonstrate a willingness to pay a premium for homes equipped with solar panels. On average, homebuyers are willing to pay approximately $4 per watt for a solar PV system. For a standard 6 kW solar PV system, this translates to an increase in your home's resale value of $24,000.
What solar incentives are available?
Various solar rebates and incentives are available, depending on your location. The most significant incentive is the 30% federal investment tax credit (ITC). This credit allows you to receive a tax credit equal to 30% of the cost of your solar energy system. However, it's important to note that the ITC is not a permanent credit, so it's advisable not to delay in taking advantage of this opportunity. For businesses, there's an added benefit of depreciating the cost of the solar system on their taxes.
What is Net Metering?
Net Metering is a system utilized by utilities to credit solar energy system owners for the excess electricity they produce. When your solar panels generate more power than your home consumes, the excess power is sent back to the grid, and you receive credits. These credits can be used to offset your electricity consumption during periods when your panels produce less electricity, such as at night or on cloudy days.
What is the warranty of my solar system?
Most solar panels come with a 25-year production warranty from the manufacturer. Inverters, which are an essential component of the solar system, typically have warranties ranging from 5 to 25 years, depending on the style and manufacturer.
Can you produce solar energy on a cloudy or rainy day?
Solar panels continue to produce electricity even on cloudy or rainy days, although their efficiency may be reduced. While they operate most efficiently in full sun, you can still generate electricity during less ideal weather conditions.
Do solar panels work in a blackout?
In the event of a power outage, if your solar panel system is connected to the grid, it will automatically shut off. This safety feature is designed to protect emergency responders and utility workers. However, BC Solar can design a system that includes a battery backup, allowing you to have short or long-term power supply during a blackout.
Choose solar power for your home or commercial space to enjoy the benefits of generating your own electricity, saving money, increasing property value, accessing solar incentives, utilizing net metering, benefiting from warranties, and having backup power in case of outages. Embrace the reliability and sustainability of solar energy.