Determining the Cost of a Residential Solar Panel Installation?
Welcome to Solar Prime USA and our recommended tips and starter points for all Solar Shoppers.
Did you know? The financial incentives of a Residential solar system affect the cost of installing solar in a beneficial way.
The cost of a residential Solar Panel Installation has finally become more cost-effective than your local utility. In addition to incentives such as the solar tax credit and solar sales tax exemptions, you may also take advantage of the low interest rate, residential solar financing options with no money out of pocket.
FUN FACT: Whenever your solar system produces more energy than your home needs, that excess energy can be sold back to the utility under the ‘’Net Metering’’ rule.
Avoid Utility Inflation
How Does the Federal Tax Credit Work?
Solar tax credit
Solar energy is widely advocated by the federal government. As one of the most effective tools against climate change, the federal government—as well as some state and local governments—offer tax credits for homeowners who install solar in their homes.
The Investment Tax Credit (ITC) is equal to 26% of the total cost of your solar installation—minus any cash rebates.
FUN FACT: Some states, like Florida and Arizona, also exempt solar installations from sales tax!
ZERO MONEY OUT OF POCKET
INCREASED PROPERTY VALUE
OPTION TO PAY OFF EARLY
NO PRE-PAYMENT PENALTIES
NOT SUBJECT TO UTILITY RATE INCREASES
TRANSFERABILITY OF MONTHLY OBLIGATION AT POINT OF SALE
Increased Property Values
More and more American homeowners are starting to invest in solar energy. The cost of a solar system installation in the US has significantly dropped in the last few years and is becoming one of the safest, smartest investments you will make. People tend to think of solar as an investment opportunity to lower their electric bills.
But Solar is an excellent investment option to increase the value of your home too.
Solar installations are valuable commodities with long lifespans.
Because of this effect, it has made solar energy a financial breakthrough in the investment world.
Most solar installations come with warranties that will transfer with home ownership. So, your solar installation won’t lose any value if you decide to sell your home.
But the benefits of going solar don’t stop here.
You will start saving money from day one and you will enjoy free electricity for a lifetime while your solar installation fully pays for itself over time.
FUN FACT: Solar installations, on average, increase the value of your home by 4.1%
Solar Permit & Installation Roadmap:
- STEP 1: Sign the Solar Agreement – Review and sign the agreement paperwork to get the process started.
- STEP 2: Finalize Solar System Design – We will perform a site visit to ensure that all of the equipment and solar panels can be installed and start the permitting process.
- STEP 3: Solar System Installation – We will schedule an installation date once the building department and the utility grant us permission to install the solar system.
- STEP 4: Inspection – We will request for inspection from the city. Once the solar installation is completed, the utility will install a net meter and give you permission to turn on your system.
- STEP 5: System Operational – Flip the switch to turn your solar system on and start generating clean renewable energy on your roof.
Battery Backup + Solar:
In fact, the only way to have power during an outage is with the use of a battery backup system. Due to Anti-Islanding, a safety measure located in the solar inverter, which prompts the inverter to shut down when it detects an outage. It is meant to protect workers that are repairing the grid after a storm or a natural disaster for example. Your solar system is required to shut off to prevent such back feed of energy from your solar system back to the grid.
Electric Vehicle + Solar:
Charging stations for electric vehicles in a typical home use standard electricity from the grid. Using such energy is subject to the same cost as your other appliances and everything else that is part of your electric bill and your overall household consumption.
This is why pairing both your electric vehicle and your solar array is a great solution to offset the added cost of your electric vehicle.
Free drone video of your solar system
Solar system drone videos have become increasingly popular amongst solar homeowners. The ability to see your entire system from a bird’s eye view with a 360-degree vision is quite the experience. You can finally show off your solar system to all your friends and family members.
Make sure to mention reference code: SKYDRONE to your solar consultant to claim this promotion.