Is solar power a good fit for my home?Solar is cost effective for the majority of homeowners but here are a few things that determine how well solar will work in your home:
- You own your home
- Your monthly utility bills is over $100/mo
- Your roof is south facing, with minimal shading, and in good condition
- You have good credit (if you are planning on financing your system)
How does solar power work?
Photovoltaic (PV) cells on the solar panel capture the sun's particles of energy (photons) and converts them into electrons to create direct current (DC) electricity. The DC current travels from the PV cells into an inverter, which converts them into alternating current, or AC power, to power your home.
How much does a home solar system cost?
The average solar system costs between $20,000 - $30,000, but it depends on the price/watt (installed) in your area.
How much does it cost to install the system?
Most homeowners pay $0 up front to install their new systems, unless you are paying in cash. Various financing options allow you to spread the cost over the lifetime of the solar system.
Are there any financial incentives to go solar?Yes, there are and they can save you over 30% off your system costs. Here are a few:
- 30% federal tax credit for new home solar systems
- State/County credits and rebates
- Property tax credits
- Property value increases
How can I pay for my system?The four ways to pay for solar are:
- Cash purchase
- PPA (Power Purchase Agreement)
How long will my system last?
Current PV systems have a lifespan of 30 years.
What sort of maintenance is needed?
Solar has no moving parts. The only replacement that might be needed in the system is the inverters, which usually have a lifespan of 10+ years.
What if the sun isn’t shining?
When the sun is obscured by clouds, the system does produce less energy but most homeowners are still connected to the grid and can use grid power when solar production is lower. Or, some homeowners opt for a backup battery system for power storage.
Why am I still connected to the grid with solar?
Some utilities offer net metering where you receive credits for sending your unused solar energy back into the grid. Also, this gives you a backup energy source at night.
Is solar power a good financial investment?
Yes! Not only will you be saving the environment but you will also lock in your utility rate for the next 30+ years. Energy prices have been rising for the last 30 years and are likely to keep climbing. Going solar means owning your power.
Solar is also an investment in your home’s equity--homes with solar sell faster and for more money.