Residential Solar
Residential solar is becoming an increasingly popular option for homeowners seeking a reliable source of energy.
This innovative technology utilizes solar panels to capture and store energy from the sun in a grid, allowing for convenient and efficient use at a later time.
By going solar, homeowners have the power to reduce their electricity costs and make a positive impact on the environment.
What are the Financial Benefits?
Reduce or eliminate your energy bill.
Solar panels harness the power of the sun, a cost-free energy source. Once the panels generate electricity and are integrated into your home's electrical system, the house will utilize this energy instead of relying solely on power supplied by the utility company.
Increase property value.
Solar energy systems are highly sought-after by homebuyers, much like a modern kitchen or a renovated basement. Studies show that homes with solar energy systems sell for more than those without, with the exact premium depending on factors like electricity rates and system size.
Stay safe from rate hikes.
Did you know utility companies spend significant yearly money upgrading their towers, lines, and other infrastructure? This results in higher costs for delivering electricity- The good news is that solar systems are an excellent alternative as they produce energy at home, eliminating the need for costly transmission infrastructure.
What are the Environmental Benefits?
Reduce greenhouse gas emissions.
Choosing solar energy over fossil fuels can significantly reduce greenhouse gas emissions and promote a healthier planet.
By making this choice, you are taking a positive step towards reducing your carbon footprint and contributing to a more sustainable future.
Source of energy is infinitely renewable.
Did you know utility companies spend significant yearly money upgrading their towers, lines, and other infrastructure? This results in higher costs for delivering electricity- The good news is that solar systems are an excellent alternative as they produce energy at home, eliminating the need for costly transmission infrastructure.
Reduce air pollutants.
Solar energy has a significant advantage in that it produces minimal air pollutants. The National Renewable Energy Laboratory (NREL) conducted a study and found that the widespread use of solar energy has the potential to decrease significantly emissions of harmful substances such as nitrous oxides, sulfur dioxide, and particulate matter, all of which can cause health issues.
What are
Solar Incentives?
Federal Solar Tax Credit
You can receive a 30% return on the cost of your solar project through federal income tax credits.
State Tax Credit
Some states offer additional tax credits for installing solar panels.
These credits apply to your state taxes and can be combined with the federal ITC to make a big difference in your savings.
Rebates / SRECs
Specific locations and utility companies provide an opportunity to receive rebates for installing a solar panel system. Taking advantage of solar rebates could reduce your system costs by an additional 10-20%.
Installing solar panels will produce solar renewable energy certificates (SRECs) based on the electricity generated. Utilities buy these SRECs as a way to meet state-level renewable energy mandates.
What are my Purchase Options?
Solar Loan
Solar panel loans can help you own your solar power system without a down payment. This option is often cheaper than your current electricity expenses. It's a good choice if you have good credit.
Solar Lease / Power Purchase Agreement
(PPA)
If you're considering financing a solar panel system, a power purchase agreement (PPA) is an option that's like leasing or "renting" the panels.
Cash Purchase
Purchasing a solar panel system with cash is the most cost-effective way to save on solar energy. Paying upfront for a system that fulfills all your electricity needs is equivalent to paying for 25 years of electricity.