What are the financial benefits of solar energy?
When you install a solar energy system on your property, you save money on your electricity bills and protect yourself against rising electricity rates in the future. How much you can save depends on the utility rates and solar policies in your area, but going solar is a smart investment regardless of where you live.
What are the environmental benefits of solar energy?
Solar power, like other renewable energy resources, has many environmental and health benefits. Going solar reduces greenhouse gas emissions, which contribute to climate change, and also results in fewer air pollutants like sulfur dioxide and particulate matter, which can cause health problems.
How does solar impact my property values?
Studies have shown that homes with solar energy systems sell for more than homes without them. However, your property value will only increase if you own, rather than lease, your solar panel system. In most parts of the country, going solar will actually increase your property value more than a kitchen renovation.
How do solar photovoltaic (PV) panels work?
Solar panels absorb the sun’s energy throughout the day and convert it into direct current (DC) electricity. Most homes and businesses run on alternating current (AC) electricity, so the DC electricity is then passed through an inverter to convert it to usable AC electricity. At that point, you either use the electricity in your house or send it back to the electric grid.
Do my solar panels produce power when the sun isn’t shining?
The amount of power your solar energy system can generate is dependent on sunlight. As a result, your solar panels will produce slightly less energy when the weather is cloudy, and no energy at night. However, because of high electricity costs and financial incentives, solar is a smart decision even if you live in a cloudy city.
Will I still receive an electric bill if I have solar panels?
Unless your solar energy system includes battery storage and you are fully off the grid, you will still receive a bill from your utility. However, you can dramatically reduce your bill, or even cut the amount you owe to $0, with a solar panel system that matches your energy use.
How much will solar panel maintenance cost?
Solar panel systems are made of durable tempered glass and require little to no maintenance for the 25 to 35 years that they will generate power. In most cases, you don’t even need to clean your solar panels regularly. If something does happen, most equipment manufacturers include warranties, although warranty terms depend on the company.
What solar energy rebates and incentives are available?
Solar rebates and incentives vary depending on where you live. The most significant is the 30 percent federal investment tax credit (ITC), which allows you to deduct 30 percent of the cost of your solar energy system from your taxes. Some states offer additional tax credits, and certain municipalities and utilities also offer cash rebates or other incentives.
What are my solar financing options?
There are three solar financing options: you can purchase your system in cash, take out a solar loan to buy your system, or sign a solar lease/power purchase agreement (PPA). EnergySage’s Instant Estimate Tool can help you assess the costs and 20-year savings of each solar financing option; its calculations are based on your roof plus real quote data from your area.
Which is better: solar loans or solar leases?
Solar loans and solar leases each have advantages and disadvantages. Both options reduce your monthly electricity bills and your impact on the environment, but the terms and conditions of each type of agreement are different. Compare solar loans and solar leases on EnergySage to determine which one is right for you.
Can I afford to go solar?
If you can afford to pay your electricity bill you can afford to go solar. $0-down solar financing options, including both solar loans and solar leases, make it easy for homeowners with good credit to start saving on their electricity bills by going solar. Register on the EnergySage Solar Marketplace to compare costs and savings for multiple financing options.
Is my roof suitable for solar panels?
Southerly-facing roofs with little to no shade and enough space to fit a solar panel system are ideal for installing solar. However, in many cases there are workarounds if your home doesn’t have the ideal solar roof. Register your property on EnergySage to learn more about all of your options; all installation offers are based on images of your actual roof.
Do I need to replace my roof before installing solar?
Solar energy systems can last for 25 to 35 years, and it can be costly to remove and reinstall them if you need to replace your roof. If your roof needs maintenance in the near term, you should complete it before you finish your solar installation. One of EnergySage’s pre-screened solar installers will be able to tell you whether to replace your roof before going solar.
What are the different types of solar panels?
While every solar panel brand and product has unique specifications, EnergySage has grouped solar panels into three broad categories: Economy, Standard, and Premium. Premium panels perform the best, but have a higher price tag, while Economy panels are inexpensive but often less durable over time. Your decision about which category of solar panel to purchase depends on your priorities.
What happens during the solar power installation process?
The first step to going solar is to register on EnergySage to receive and compare multiple installation quotes. These quotes will include a variety of equipment choices, financing options, and solar company reviews. When you find one you’re happy with, your installer will conduct a site visit to assess your property. Once you accept a quote on EnergySage, your installer will file the paperwork necessary to have your system approved. The actual installation takes a day or two to complete.
How should I evaluate my options?
First, decide whether you’d prefer to own your share or find a subscription-based program. Ownership means you make an up-front investment in order to save money in the future, while subscription-based programs offer savings over a set period of time. There are a number of different subscription structures for you to consider when comparing community solar offers. Other considerations include the location of a project and how soon it will begin delivering savings.
How does it save me money?
Community solar saves you money by allowing you to invest in solar panels that produce electricity for your home or business, even when you canÕt install them on your roof. When you participate in a community solar project, you are paying for access to less expensive solar electricity so that you donÕt have to buy electricity at standard utility rates.
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