Frequently Asked Questions
What are the Financial Benefits?
It’s $0 out of pocket to have solar panels installed. Customers pay a flat rate each month to pay back the cost of the panels. That rate will be less than what the customer is paying at the time to their electricity company. As if that’s not good enough, the government is also offering a 30% tax credit on solar until 2019. Solar is a smart investment from the beginning and savings will only increase with time.
Electricity bills are always rising because of inflation and government regulations. Rates usually increase at a rate of %5-7%. That means in 20 years electricity companies will be charging double what they are charging right now. Because solar is $0 out of pocket, customers pay less than what they are paying for electricity when their panels are installed, and that rate is flat (meaning it won’t change). As electricity bills rise, solar panel owners will stay paying the same rate for years to come. When the solar panels are paid off, solar owners paying nothing for electricity and their savings increase even more. In a nutshell, solar panels can save you tens of thousands of dollars,
What is the Federal Solar Tax Credit?
The federal investment tax credit (ITC) allows homeowners to deduct 30 percent of the cost of solar panel installation from their federal taxes. Homeowners have until 2019 to claim the full benefit of the federal ITC. By 2022, Homeowners that install solar panels cannot claim any deductions on their taxes. Let’s say your home requires a system that costs roughly $25,000. That means you’ll receive a $7,500 deduction on your federal taxes. If you can’t claim the $7,500 tax credit in one year, then you can roll-over any remaining credits into future years.
Does Solar Increase my Property Value?
Adding solar panels to your home will increase your home’s value and can add more value to your home than remodeling your kitchen. Studies show that homes with solar sell faster and for more money.
What is Net Metering?
Net metering is a solar incentive that allows you to receive credits by storing excess energy in the electric grid. When your solar panels overproduce power, that energy is sent to the grid. In exchange, you can pull from the grid when your system is under-producing like during a storm or nighttime.
Do Solar PV Panels Cause Glare?
Solar panels are designed to capture light — not reflect it.
Solar panels reflect less light than standard home window glass, and include anti-reflective coating to help lessen any potential glare. Despite initial concerns, airports and military bases with nearby solar farms have reported that glare is a non-issue.
Will Solar Panels Look Good on my Home?
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