Solar Electric for Your Home or Business
Solar electric can save you hundreds a month. If you’re considering taking the next step to gain your energy independence, call Precision Solar for a free quote today! Check us out on Yelp to see customer reviews.
Thousands of homeowners each year are saving money on their bills and reducing their energy footprint by installing solar electric. There are generous government incentives available to help you make this worthwhile investment in your energy future. The savings you stand to gain as energy prices continue to rise make Solar Electric a real investment in your families future. It really is one of the best places to put your money to work.
Stop buying electricity, and start making your own!
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Solar Electricity Basics
Most residential solar electric systems remain connected to the utility grid. These grid-tied systems generate power on-site to supply a home or business. During the day a system produces extra power and “banks” this onto the utility grid using a process called Net Energy Metering. Your utility meter tracks the extra energy you produce during the day, and at night you’re able to use that credit and power your home. This way you get back the energy you made during the day unit for unit. The goal of most solar owners is to offset their usage by 100%, thus getting their yearly out of pocket energy cost as close to $0 as possible. Our skilled system designers can plan a system that’s sized just right for you.
A Solar Electric System Consists of:
- Solar Electric (PV) Panels (Solar Panels) — Generate DC electricity from exposure to sunlight
- Inverter — Converts the DC to standard AC electricity that is compatible with the electrical grid and your home
- Utility Meter — Tracks the solar electricity that your system produces and feeds to the utility grid, thereby keeping track of your credit from the utility.
Battery back up systems can be built into a grid-tied solar electric system. These consist of a large bank of batteries and an additional inverter designed to work with your panels and the electrical grid. A battery back up system allows your system to continue to operate even if the electrical grid goes down, by giving you an additional place to store the electricity you produce each day.
Another type of system is an off-grid solar electric system. Off-grid systems are typically set up in remote locations that don’t have access to the electrical grid. Off-grid systems must also include an extensive array of batteries in order to function. Off-grid systems are much less common than grid-tied systems.
Saving You Money
You own your home, own your electricity too! Why keep buying electricity from a utility that can charge you whatever they want, when you can own your electricity for the next 30 + years. Fact: A Precision Solar Electric System can pay for itself in 4-7 years, and continue to provide $1000’s of free electricity for decades to come! The return on investment is just plain great. Solar is not just a practical upgrade to your home, it’s quite literally one of the best places to invest your money.
Why does Solar make Pocketbook Sense?
- Generous government incentives bring down the initial capital costs of a solar electric system by as much as 30%.
- The cost of electricity from the utility is high and will continue to increase. By generating your own power with solar, you stabilize your cost of electricity today and avoid the pain of future rate hikes.
- Solar is an investment, and may add resale value to your home.
- A home equity or solar loan can break down initial system costs into monthly payments that significantly beat current electric bills, even considering interest.
The Benefits of a Solar Electric System
Federal Tax Credit
A Federal tax credit of 30% is offered to any homeowner who installs a solar electric system. This tax credit applies dollar for dollar against your tax liability— much better than a tax deduction, this is a tax credit.
Hedge Against Rising Utility Rates
California has among the highest rates of electricity in the country, with rates reaching as high as $0.50 per Kwh for some customers. Over the last 30 years, rates for customers in California have increased at an average of 6% per year. Think you hate what you’re paying now? You can plan on paying more. Just consider what your bill might be in 5 or 10 years, even if the cost of electricity inflates at just 1/2 it’s historical rate! California has a tiered-rate structure for residential customers. The more electricity you use, the higher your rates get. That means the higher your bills are now, the more you save by installing a cost effective solar electric system from Precision Solar.
Add Value to Your Home
Solar is an investment that may add significant resale value to your home. An excerpt from a 1998 article published in the Appraisal Journal notes: “A home’s value is increased by $20,000 for every $1,000 reduction in annual operating costs from energy efficiency.” In the same way upgrading your kitchen becomes both a resource and an investment in your home, so too with solar. On a related note:
In California, solar systems are exempt from state property reassessment tax. This means you benefit from increased property value from the addition of a solar system to your home without the penalty of taxation.
Depending on your goal, Precision Solar can design a system to do one of two things:
- Zero-out your electricity bill.
- Eliminate your most expensive electricity cost to reduce your bill.
Net-metering allows you to use the grid like an energy bank account– debiting and crediting your utility account as you produce and use power. Utilities are required to credit you for the solar electricity your system generates and feeds to the grid at the same price they would sell it to you. However, excess electricity you produce but do not use within a 12-month period becomes your donation to the utility grid—you will NOT receive a check from the utility for this excess. For this reason, it is important to properly size your system to avoid this. Our system designers can properly plan and permit a system sized just right for you. We can even over size a system to meet your future needs, if you plan on adding an electric car or a new AC unit.