Common Question about Solar Panels
Welcome! We are glad you are here. Below are some common questions when it comes to solar panels for your house. For any additional questions, or to talk about what is right for your house, give us a call at 972-800-7514.
What does the cost look like for solar installation?
The cost of solar electricity in the past decade is a great place to start. U.S. solar installation cost has dropped by around 70 percent over the past 10 years. In the last year alone, the residential market saw a five percent decrease in cost. There’s no question that solar has evolved to a sensible home upgrade that millions of Americans are considering in 2019. Getting solar panels for your home is one of the smartest decisions you can make in today’s age.
Will my solar panels be connected to the grid? What is net metering?
The vast majority of home solar systems will be connected to the grid. With grid-connected solar, net-metering serves as an efficient solution to the question “how will I power my solar home at night?” Net metering is a solar incentive where you receive bill credits when your solar system overproduces electricity. During times when your panels aren’t producing enough electricity, you can use those bill credits to cover the cost of your grid electricity use.
If you are off grid, you won’t have access to electricity from your utility. This means that, in order to build a completely off-grid project, you will need extensive energy storage capabilities, an extra-large solar panel system, and provisions for backup power to cover you when your panels don’t get enough sun.
What are the tax credits for residential home solar systems? Who qualifies?
There are two simple ways to think about tax credits for solar panels. The major tax credit associated with solar panels for home is the federal investment tax credit (ITC), more commonly known as the solar tax credit. The ITC gives you a tax credit equal to 30 percent of the total cost of your system, as long as you buy the system. The next option will be state solar tax credits, such as New York state’s tax credit that cuts an additional 25 percent off the price of the residential system. Depending on which state you live in, the opportunity for beneficial tax breaks and solar programs could be significant. Some states and municipalities also offer other more complex options that will be case specific – do some research into SRECs and other location-specific solar rebate programs.
Does solar make sense if I don’t plan on being in my home for 25 years?
A common concern for homeowners who are considering solar is, “What happens if I move after installing solar panels?” A typical solar panel system lasts for 25 to 30 years. If you don’t plan on owning their house for that long, you may wonder if solar still makes sense. The good news is that solar increases the value of your property and can actually expedite the process of selling the property when the time comes. The housing market is filled with buyers excited by the prospect of acquiring a solar home that comes with the benefit of zero utility bills.
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