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
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?
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.
A study by the Lawrence Berkeley National Laboratory found: that on average, homebuyers are "consistently willing to pay PV home premium" of approximately $4 per watt. For a standard 6 KW solar PV system, This means that solar can add $24,000 to your home's resale value.
Solar rebates and incentives vary on your location. This most significant is the 30% federal investment tax credit (ITC). This allows you to receive a credit equal to 30% of the cost of your solar energy system from your taxes. This is not a permanent credit so don't delay. If solar is for a business you get the added benefit of depreciating the cost of the system on your taxes as well.
Net Metering is the system utilities use to credit solar energy system owners for the electricity produced by their solar panel. When your panels produce more power than your home can use, your electric meter spins backwards banking the excess power so that you can use it at night. In effect you use the power grid as a way "store" your excess power for later use.
Most panels have a 25 year production warranty from the manufacturer. The inverters have anywhere from a 5 to 25 year warranty depending on the style and manufacturer of the inverter.
While panels operate most efficiently in full sun, they don't stop producing electricity on cloudy or rainy days. The electricity production will be lessened on those dreary days, but you will still be producing.
If your solar panel system is connected to the grid, it will shut off in the event of a power outage. This is to prevent emergency responders and electricity utility workers from being injured by your panels sending power back to the grid. However we can design a system that will provide backup (short or long term) power in a blackout when paired with a battery.