Frequently Asked Questions
How do I get credit for the solar?
Not only can Solar Power be a significant savings from your current utility bill, but it can actually save you money by applying a "credit" to your energy bill.
- Any power that you don't use from your solar electric system literally spins your meter backwards, and you receive a credit from your utility company. This is called "net metering"
- The credits can be applied at retail rates, and in the middle of the day that means your credits stack up quickly. you then draw the power at night when rates are low.
- Further, in most states, the more power you use, the more you are charged based on your tiered usage. Solar helps by eliminating your usage in the high tiers and thus brings down your bills by shaving off the expensive power first. This is called tier shaving.
- Lastly, electric rates have historically gone up at a higher rate than inflation over time. So the ability to fix your long term cost of energy yields a higher and higher return on your investment over time.
Is my home or business a good place for a PV system?
A well designed solar system needs clear access to the sun with limited or no shading issues. You can make a good determination by identifying optimal roof lines and evaluate any shading hazards like trees, chimneys, and neighboring homes.
You also want to evaluate the age of your roof. If your roof is older and needs replacement, you would want to take care of that upgrade prior to installing solar. After all, your solar system will last for 25 years and likely more!
Will my solar system work when the power is out?
Unfortunately, your solar system will not work when grid power goes down. This is a safety feature to prevent your system from electrocuting the utility workers as they try to restore your power.
Is it proven technology?
The technology has been around for over 50 years and some of the initial solar cells are still operating today. The panels are designed to produce at least 80% of their initial power even after 25 years. The efficiency and cost has significantly improved in the last 5 years.
30% Federal Investment Tax Credit (ITC)
The ITC is a reduction in the overall tax liability for individuals or businesses that make investments in a variety of pre-determined areas. For solar electric and solar water heating residential property expenditures, the credit is 30 percent of The ITC is applicable through 2016, with a true un-capped 30% tax credit. The ITC tax credit would be realized when you file your tax returns.
Net Metering
Any power that you don't use from your solar electric system literally spins your meter backwards, and you receive a credit from your utility company. This is called "net metering".The credits can be applied at retail rates, and in the middle of the day that means your credits stack up quickly. you then draw the power at night when rates are low.
