Residential solar energy systems can be used to provide electrical power and/or Solar + Storage. Residential systems can be either roof- or ground-mount; the type of system depends on which will provide maximum capture of the sun’s energy as determined by the initial site evaluation. The system can be sized to offset a portion of the electrical usage in the home or all of it.
Solar is a modular technology, meaning you can install as many or as few panels as you like and then continue to add to the system as time goes by. One of many benefits to a homeowner is the control they have over rising energy prices, since the price of solar energy from the sun will remain free of cost year after year.
The Solar PV system can also generate income in the form of SREC’s (Solar Renewable Energy Credits), in which large consumers of energy or utility providers are required by law to offset the energy they produce in the form of renewable energy credits. These are sold on the open market at various values per 1,000 kilowatts produced depending on the state in which you’re registered.
Federal Tax Credit*
Increase in home value per $1 electric bill savings
The cost of a solar energy system is dependent on several factors. There is no way to give a general answer to this question, but we can tell you some of the factors that enter into the cost of a system.
The residential application a solar PV system can be either roof or ground mount depending on the initial site evaluation to determine maximum capture of the sun’s energy. The system can be sized to offset a portion of the electrical usage in the home or all of it. Solar is a modular technology, meaning you can install as many or as few panels as you like but continue to add to the system as time goes by. One of many benefits to a homeowner is the control they have over rising energy prices since the price of solar energy from the sun will remain fee of cost year after year. Beyond utility savings, a homeowner qualifies for the Federal Tax Credit of 40% (immediately year 1) as well as the increase in home value of $20 per $1 electric bill savings. The Solar PV system can also generate income in the form of SREC’s (Solar Renewable Energy Credits) in which large consumers of energy or utility providers are required by law to offset the energy they produce in the form of renewable energy credits. These are sold on the open market at various values per 1,000 kilowatts produced depending on the state in which you are registered.
Yes, Solar has financial benefits to each individual system owner but even more importantly the part you play in the movement towards energy independence in our country is great. As each new Solar system is installed we are utilizing more and more of our clean and free power from the sun to preserve our environment for years to come. This effects our future and guarantees we are to see improved health, clean water, clean air and an overall appreciation for the power of the sun.