This is totally dependent on your utility company, solar system size, and electricity usage after going solar. In most cases, if your system is properly sized and your electricity usage remains the same post solar installation you should not have a utility bill on an annual basis.
When you install a solar energy system on your property, you save money on your electricity bills and lock in your rate protecting yourself against rising electricity rates in the future. Installing a solar system also increases the value of your home. Additionally, the Federal Government provides a tax credit of 30% of the total system cost.
Solar power, like other renewable energy resources, has many environmental benefits. Going solar reduces greenhouse gas emissions, which contribute to climate change, and results in fewer air pollutants like sulfur dioxide and particulate matter, which can cause health problems.
On average, from the day you sign up to the day your system is turned on it’s about 90 days. However, certain cities and utilities may take more or less time to approve permits and interconnection applications. This can change the amount of time plus or minus 60 days from the average.
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.
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.
If you are interested in maximizing the financial returns of your solar energy system, buying the system is probably a better decision for you. However, if you are not able to take advantage of the tax credit, leasing may be a better option.
Net metering is the system that utilities use to credit solar energy system owners for the electricity produced by their solar panels. With net metering, you get credit for the excess energy you produce and send back to the grid. Net metering policies differ from state to state, and utility to utility.
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Sun Services USA now provides the preferred channel to market for some of the world’s leading PV manufacturers and our solar professionals work jointly with partners on enhancing product features, lowering lead times and improving cash flow.
At Sun Services USA, customer experience is our #1 priority. If your system is not working properly, please call us at 888-525-2786 and select option 3, or fill out the form below, and we will reach out to you within 1 business day.
If you have any questions or need help, feel free to contact our team.