Solar Incentives | Solar Panels, Battery Storage, Roofing, HVAC
It may surprise you to learn that nearly 4% of homes in the US have solar panels as of 2020. This number is projected to climb even higher in the future. While going solar has plenty of benefits, many people wonder if the state of California offers incentives for residential solar energy. We've put together a brief guide that has the key information you should know. Let's explore what to keep in mind before choosing solar companies in San Diego. California Solar Initiatives (CSI) In 2016, the state government decided that direct solar incentives were no longer necessary. Instead, it focuses on supporting the development of renewable energy. However, those who use solar power can apply to the state programs like the Net Energy Metering Program (NEM). This provides financial credit for customer-generated power. Net Energy Metering Program (NEM) The amount of credit you receive is proportionate to the amount of energy you transfer to the grid. Those who join this program must pay a one-time interconnection fee. They have to pay small charges for each net kilowatt-hour. Customers are required to accept service on a Time of Use (TOU) rate. Although these fees can be off-putting, those in San Diego can use this program to save substantial money on their SDGE net metering rates. Virtual Net Energy Metering (VNEM) Owners of multi tenant properties can use this program to provide renewable energy benefits across multiple units. They can allocate renewable energy generation credits to the areas of the property that need the most. This is great news for property owners, as it can allow you to get the most out of your solar energy credits. Renewable Energy Credits (REC) In the event that excess energy is transferred to the grid, customers could receive renewable energy credits. Before they can do so, their generator must be certified by the California Energy Commission. They must also register their generation facility with the Western Renewable Energy Generation Information System. Due to the time and resources it takes to join this program, it often isn't worth it for small-generation facilities to enroll. Choosing Solar Companies in San Diego It's crucial to research a company’s past reputation when searching for solar in San Diego. There should be no shortage of clients who are pleased with their results. Look into the pricing structure, as well. The last thing you want is to encounter financial surprises. Do they often work with similar customers? To get the best results, you'll want to find someone with plenty of experience in helping customers like you meet their solar needs. Get Started Today It's best to take advantage of California solar incentives as soon as possible. As long as you work with reputable solar companies in San Diego, like Semper Solaris, you'll be sure to meet your needs and avoid issues you may have otherwise dealt with. Reach out to our San Diego office to see how we can help. Our team is ready to get you started on the right track.
Nearly 70% of homeowners want to go solar. The number of solar powered homes is on the rise, but what's holding some homeowners back from making the jump? Unsurprisingly, the answer is cost. At Semper Solaris, the number one question we answer is, "Will solar panels make financial sense for my household?" Many homeowners can benefit financially from going solar, but it will depend on factors ranging from the solar payback period by state to the current cost of your electric bills. Read on to find out if solar power is the right financial choice for your household. Solar Power Generation You stand to save the most money if you can offset 100% of your electricity use. First, you'll need to know how much solar power you can generate on your property. Homes that can generate the most solar energy typically have south-facing roofs with no shaded areas. The size and condition of your roof will also play a role in how many panels you can install. Even something as simple as your region's cloud coverage can impact your ability to generate solar power over time. Current Electricity Use We're facing inflation across the nation, but the surge in electricity prices is outpacing the increase in inflation. In 2022, electric bills rose an average of almost 15%. If your home is a good candidate for solar panels, the next thing to determine is your electric bill before and after solar panels. You can get a rough estimate of long-term savings by multiplying your annual electricity costs by 25-30 years, the current lifespan of most solar panels. For example, if you spend $1200 on electricity each year and offset electricity use by 100%, you will avoid up to $36,000 in electric bills. Solar Payback Period by State Of course, the raw amount of electricity savings is impacted by the cost of solar panels themselves. The solar payback period is the amount of time it takes to pay for your solar panels before you're saving money free and clear of solar payments, and it varies by state. Your state's solar payback period will reflect: How much energy you use How much solar power you generate The cost of your system The cost of electricity in your area Any state or local incentives (on top of federal tax incentives) It typically takes homeowners 8-10 years to pay off solar panels and installation. Putting tax incentives toward these costs can speed up the payback period and reduce your overall investment. Want a Thorough Financial Evaluation? Contact Semper Solaris For many homeowners across the nation, solar power provides a clear financial benefit. However, your potential savings will depend on everything from the solar payback period by state to your state and local solar tax breaks to your energy consumption. The best way to get an accurate financial evaluation is to work with a solar provider. Contact Semper Solaris to book an appointment and find out more about how much you stand to save by going solar.
With over 1.8 million solar installations in California, the state has become the largest market for solar electricity in the country. One of the main reasons for its success is the abundance of solar incentives in California. If you are a homeowner or business owner and are considering solar, then you should know the benefits beyond generating your own power. Start by learning about the cost of solar panels in California when you take advantage of the following programs. Federal Solar Tax Credit One of the first solar incentives you will hear about is the federal tax credit. This is a straightforward exemption that goes toward your taxes each year. No matter which state you live in, if you install solar, then you can claim 30% of its cost on your federal tax return. There is no claim amount cap. Self-Generation Incentive Program (SGIP) The cost of solar panels in California can be supplemented when you install battery storage on your unit. By storing excess energy you not only ensure that you never go without power but you also get rewarded. When you join the SGIP program, you will get a one-time cash rebate. The rebate incentive amount depends on the unit's KW generating capacity and the storage capacity per hour. To qualify for this program you have to: Live in the designated area, and Be a customer of participating gas and electric companies Disadvantaged Communities-Single-family Solar Homes (DAC-SASH) Solar installation in El Cajon can save you money on your energy bills, but not if you can't afford them. Luckily, GRID Alternatives, a non-profit, has partnered with the California Public Utilities Commission to create the DAC-SASH program. This incentive allows 100% cost coverage for families in geographically or financially disadvantaged locations in California. To qualify, you must be a customer of a participating utility company, live in the 25% most disadvantaged communities or a tribal region, and meet the income requirements. Equity Resilience Incentives Similar to DAC-SASH, if you want to find solar companies in El Cajon but can't afford solar installation, then you may qualify for one of the Equity Resilience Incentives. This incentive is part of the SGIP program which helps people who are in the following categories: Households with low incomes High-risk fire residents People who have had two or more Public Safety Power Shutoffs (PSPS) recently Buildings that provide services to fire emergencies Rebate amounts are $850 or $1,000 per kWh. How to Get the Most Solar Incentives The best way to get the most solar incentives is to act fast before the incentives expire or diminish. You should also use a qualified solar installer like Semper Solaris to help you understand all the incentives available in El Cajon. Get started without delay by booking an appointment for a free estimate.
With the rising cost of fossil fuel, and an overheating planet continuing to make headings, there has never been a better time to switch to solar. Semper Solaris solar panels offer sustainable and cost-effective energy for a home. Yet, you may wonder whether you have the budget to make the switch. In this article, we'll explore a home's energy needs and other factors to help you determine the cost of solar for your 2000 sq ft home. Energy Needs: A 2000 Sq Ft House If you have a 2000 sq ft house, you may think the size of your home will solely determine the solar panel system you need. However, it's more reliant on the amount of energy you use, and several factors shape that. First, the number of people who live in your house will be a significant factor. More people means more energy use; like showers, electronics, and kitchen appliances. The equipment in your house will also be something to take into consideration. You'll use more solar energy if you have many power-hungry appliances, like an old HVAC unit. It will also depend on whether your appliances are energy efficient or not. Finally, you'll need to think about geography. If you live in extreme climates, you are more likely to need either heating or air conditioning. Average Costs to Install Solar Panels When considering buying an affordable solar panel system, you must calculate a few costs. That includes: Solar panels Inverters Batteries Mounting hardware Solar installation In 2023, the average cost of a 6-kW system in California is $17,160 (before any tax credits or incentives). Semper Solaris has a range of products you can choose from for your solar panel system, which will also determine your final cost. Installing Your Solar Panels Don't forget that when budgeting for solar panels, you have to account for the solar panel installation cost as well as the equipment and what solar panel option you want. Some homes need roof replacements before installation, so consider that when obtaining quotes. When choosing installation options, it's also worth considering maintenance packages as well as battery storage installation. Ongoing maintenance, including cleaning and inspection, will lower your long-term costs. It will keep your solar panels in top condition and running efficiently. Financial Support to Reduce Costs Before getting solar panels, consider whether your state offers solar panel tax incentives or other government initiatives. The Federal Solar Tax Credit will also help lower the cost of panels. You may also find other financing forms, such as solar loans, net metering, or purchase agreements. Consider the Long Term Savings When looking at your upfront costs, you should calculate the long-term savings of solar to help find your break-even point. You'll make savings on your bills, and it will increase your property value. Some tariffs also buy back unused solar energy helping you save more money. And you can take simple steps in your home to maximize energy efficiency, such as buying more eco-friendly appliances. Semper Solaris Solar Panels: Cost-Effective Energy When calculating the cost of Semper Solaris solar panels, you'll need to consider how much energy you use to arrive at a figure. However, with tax incentives and long-term energy savings, you may be surprised at how cost-effective it is for your home. For more information on Semper Solaris’ solar panel and battery installation services, book an appointment to get your free estimate!
Imagine a future where your energy bills are dramatically reduced, you're less reliant on the grid, and your home's carbon footprint is significantly smaller. This isn't the plot of a futuristic sci-fi novel. It's a reality that can be achieved with solar panels, a powerful and efficient tool harnessing an infinite energy source: the sun. Whether you're considering solar panels for financial reasons, environmental benefits or power independence, this blog post will guide you through everything you need to know about making the critical switch to solar energy. Installing solar panels can offer numerous benefits, including reducing or eliminating electricity bills, decreasing your carbon footprint and environmental impact, increasing property value, and potentially qualifying for tax incentives and rebates. Additionally, solar energy helps reduce dependence on fossil fuels and contributes to a cleaner future. Understanding Solar Panel Types When it comes to going solar, understanding the different types of solar panels available is essential. Each type has its unique characteristics and advantages, catering to various needs and situations. One common type of solar panel is the standard solar panel, which primarily consists of photovoltaic (PV) cells. These panels are made from crystalline silicon, which is the most widely used material in solar panel production. Crystalline silicon panels can be further categorized into two subtypes: monocrystalline and polycrystalline. Monocrystalline panels are designed with PV cells made from a single crystal structure. This results in a sleek black appearance and high energy efficiency, making them popular among homeowners. These panels perform well in limited space due to their higher power density. Polycrystalline panels, on the other hand, consist of PV cells made from multiple fragments of silicon. They have a blue hue and are generally less efficient than their monocrystalline counterparts but come at a lower cost. While standard solar panels use crystalline silicon as the main material, there are also alternative options worth exploring. Now that we have a basic understanding of solar panel types let's dive deeper into standard solar panels and their features. Standard Solar Panels Standard solar panels are widely used due to their reliability and established track record in the industry. As mentioned earlier, they are typically made from either monocrystalline or polycrystalline silicon. Both types have their pros and cons, allowing homeowners to choose based on their specific needs. Monocrystalline panels are known for their high efficiency, as the manufacturing process ensures a uniform crystal structure that facilitates better electron flow. This results in greater electricity generation per square foot of panel area. Additionally, monocrystalline panels tend to perform better in low-light conditions, making them an excellent choice for regions with less sunlight exposure. Polycrystalline panels, while slightly less efficient than monocrystalline panels, still provide reliable energy generation. With multiple fragments of silicon within each cell, they offer good performance at a more affordable price point. They can be a practical option for homeowners who prioritize cost-effectiveness without sacrificing too much on energy output. It's worth noting that both standard solar panel types have undergone significant advancements over the years, resulting in improved efficiency and aesthetics. Solar manufacturers continue to innovate and refine the technology behind these panels, ensuring maximum energy production and durability. When selecting standard solar panels, it's important to consider factors such as space availability, budget constraints, and average sunlight exposure in your location. Consulting with solar professionals can provide valuable guidance regarding the best choice for your specific circumstances. Portable Solar Panels Portable solar panels offer a convenient and versatile solution for harnessing solar energy on the go. Whether you're camping, hiking, or traveling in your RV, these compact and lightweight panels enable you to tap into the abundant power of the sun wherever you are. Imagine setting up camp in a remote location, far away from any electrical outlets, and being able to charge your devices or power your small appliances using only sunlight. Portable solar panels provide this freedom and independence, making them incredibly popular among outdoor enthusiasts and eco-conscious individuals alike. Picture yourself embarking on a weekend camping trip with your family. Instead of relying on traditional methods of generating electricity such as gas-powered generators or batteries that require constant replacements, you choose to bring along a portable solar panel kit. As you set up camp under the clear blue sky, you unfold your compact and lightweight solar panels, positioning them to capture the maximum amount of sunlight throughout the day. Within minutes, you have a sustainable source of power at your fingertips. Portable solar panels come in various sizes and wattage capacities to accommodate different energy needs. Some panels are designed primarily for charging small electronics like smartphones or tablets, while larger ones can provide enough power to run larger devices such as laptops or even small appliances like mini-fridges. The convenience of these panels is further enhanced by features like built-in USB ports or AC outlets, allowing you to directly connect your devices without needing any additional converters or adapters. Now that we have explored the convenience and versatility of portable solar panels, let's take a closer look at the advantages of solar power in general. According to a report by IREC, a non-profit organization, every kilowatt-hour (kWh) of solar energy reduces the grid's CO2 emissions by at least 0.86 lbs. Solar panels can cut down electricity bills by 70% or more according to data from the U.S. Department of Energy. Advantages of Solar Power Solar power offers numerous advantages, making it a compelling choice for homeowners and businesses alike. One of the most significant benefits is its potential to significantly reduce energy costs. By installing solar panels on your property, you can generate your own clean and renewable electricity, reducing reliance on utility-provided power. This translates into substantial savings on your monthly electricity bills, especially over the long term. Additionally, with net metering programs in many areas, excess energy generated by your solar system can be sold back to the grid, further offsetting your expenses or even resulting in credits on future bills. Consider this scenario: You live in a sunny region and decide to install solar panels on your roof. As a result, you're able to cover a significant portion - if not all - of your home's energy consumption with the electricity generated by those panels. Not only are you saving money by not needing to purchase as much electricity from the grid, but you may also qualify for incentives like tax credits or rebates offered by federal or state governments. Over time, these financial benefits can add up substantially, allowing you to allocate those saved funds towards other priorities or investments. Beyond financial gains, solar power offers environmental advantages as well. It is a renewable and clean source of energy that produces no greenhouse gas emissions during operation. This means that by utilizing solar energy instead of traditional fossil fuels, you are contributing to reducing carbon emissions and combating climate change. The positive impact on the environment cannot be overstated, as widespread adoption of solar power has the potential to mitigate air pollution, improve public health outcomes, and promote sustainable living. As we have seen, the advantages of solar power encompass both financial benefits and environmental responsibility. By harnessing the power of the sun, individuals can transform their energy consumption habits and make a positive impact on both their wallets and the planet. Reduced Energy Costs One of the most appealing and immediate benefits of installing solar panels is the potential for significantly reduced energy costs. By harnessing the power of the sun, solar panels can generate electricity that can be used to power your home or business. This means that you can rely less on traditional energy sources supplied by utility companies, which often come with fluctuating prices and increasing rates over time. Installing solar panels allows you to generate your own clean, renewable energy, effectively reducing, or even eliminating, your dependence on the grid for electricity. With a well-designed solar system and efficient energy consumption habits, you can potentially offset a significant portion of your energy bill and save substantial amounts of money in the long run. To put it into perspective, imagine if your monthly electricity bill is $200. By installing solar panels, you could potentially reduce that bill by 50% or more, saving $100 each month. Over the course of a year, that amounts to $1,200 in savings. And considering the lifespan of solar panels, which can easily exceed 20 years with proper maintenance, you can see how these savings add up over time. So not only does going solar provide immediate financial relief by reducing your monthly bills, but it also offers long-term financial benefits by locking in lower electricity costs and protecting you from rising utility rates. Eco-Friendly Energy Production In addition to the economic advantages of solar panels, they also offer numerous environmental benefits through eco-friendly energy production. Traditional forms of electricity generation heavily rely on fossil fuels like coal and natural gas, which release harmful greenhouse gasses into the atmosphere when burned. These emissions contribute significantly to climate change and air pollution. Solar panels produce clean energy by converting sunlight into electricity without any emissions or pollutants. They are powered by the abundant and renewable energy source that is sunlight, helping to reduce our carbon footprint and combat the harmful effects of greenhouse gasses. By going solar, you can actively contribute to a more sustainable future and protect the environment for generations to come. Let's consider an example: A typical home with solar panels can offset around 3 to 4 tons of carbon dioxide emissions per year, which is equivalent to planting approximately 100 trees. Environmental Benefits Of Solar Panels Reduces greenhouse gas emissions Decreases reliance on fossil fuels Improves air quality Conserves natural resources Think of solar panels as the superheroes fighting against climate change and pollution. They generate electricity silently, without emitting any harmful substances or contributing to environmental degradation. By choosing solar energy, you not only reap financial benefits but also become part of the solution in creating a cleaner and greener planet. It's a win-win situation for both your wallet and the environment. Evaluating Solar Panel Cost When considering going solar, one of the most vital aspects to evaluate is the cost of solar panels. Unlike traditional energy sources, solar power relies on harnessing energy from the sun, which comes with an initial investment but offers long-term savings. By understanding the various factors that contribute to solar panel cost, you can make an informed decision about whether it's a viable option for you. Several factors influence the cost of solar panels: System Size: The size of the solar panel system directly affects its cost. Generally, larger systems generate more electricity and are therefore more expensive upfront. Panel Efficiency: Higher efficiency panels tend to be pricier, as they can generate more electricity in limited space. Installation Costs: Installation expenses encompass labor costs, equipment, permits, and overhead charges associated with installing solar panels on your property. Incentives and Tax Credits: Government incentives and tax credits can significantly offset the overall cost of installing a solar panel system. These financial benefits vary by location and change over time, so it's important to research what is currently available. Quality and Warranty: High-quality solar panels may come with an additional cost; however, their durability and longer warranty periods might yield better returns in the long run. Evaluating the cost of installing solar panels should be approached holistically. Rather than focusing solely on the initial investment, it's important to consider all potential financial benefits and long-term savings that come with going solar. Understanding these factors will help give you a comprehensive view of the true value of investing in solar energy. When considering installing solar panels, it's essential to evaluate their cost, including factors such as system size, panel efficiency, installation costs, incentives and tax credits, and quality and warranty. Evaluating the cost of solar panels should be approached holistically to assess all potential financial benefits and long-term savings. By understanding these factors, you can make an informed decision about whether investing in solar energy is a viable option for you. Initial Investment Now that we've explored the different factors affecting the cost of solar panels, let's dive into understanding the initial investment required for a typical residential installation. The initial investment for a residential solar panel system depends on various factors such as the size of the system, your location, and available incentives. On average, a 4kW to 8kW solar panel system may cost between $12,000 and $30,000 before any rebates or tax credits. For instance, let's consider a hypothetical scenario where you live in an area where the total cost for a 6kW solar panel system is $18,000. However, with a federal tax credit of 30% available, the price effectively decreases by $5,400. After accounting for this incentive, the initial investment would amount to $12,600. It's important to note that tax credits and other incentives can significantly reduce the upfront cost of solar panels. Exploring these options can make solar energy more financially accessible. While the initial investment may appear significant at first glance, it's essential to consider the long-term savings and benefits provided by solar panels. By generating your electricity and potentially selling excess energy back to the grid through net metering programs, you can alleviate monthly utility bills and contribute to a cleaner environment. Now that we have explored the initial investment required for solar panels, it's time to delve into understanding long-term savings – a key aspect of transitioning to solar energy. Long-Term Savings Investing in solar panels provides homeowners with the opportunity to generate their own clean and renewable energy while also achieving long-term financial savings. One of the most significant benefits of going solar is the potential for substantial cost reductions on monthly utility bills. As you harness the power of the sun, your reliance on traditional electricity sources lessens, resulting in lower energy expenses over time. When considering the long-term savings, it's important to recognize that solar panels have a lifespan of 25 to 30 years. This means that once you install a solar system on your property, you can enjoy decades of reduced or even eliminated electricity bills. By generating power independently, you become less susceptible to rising utility rates, which can fluctuate significantly over time. This stability adds to your financial security and allows for better planning of household expenses. Furthermore, many states offer attractive incentives and programs that can further enhance your long-term savings. For instance, net metering allows homeowners with solar panels to receive credits for any excess electricity they produce and feed back into the grid. These credits offset future electricity consumption when the sun is not shining, ensuring continuous and cost-effective energy supply throughout the day and night. Now that we've explored the potential long-term savings associated with solar panel systems, let's delve into an exciting aspect: DIY solar panel installation. DIY Solar Panel Installation: Step-by-Step Guide The prospect of installing solar panels yourself may seem intimidating at first glance; however, with careful planning and research, it can be possible. Before embarking on a DIY solar installation project, it's crucial to evaluate whether your skills and comfort level align with taking on such a task. If you have experience working with electrical systems or have successfully completed DIY projects in the past, self-installation might be feasible. If not, you would benefit greatly from hiring a professional company to avoid causing damage during installation. Here is a step-by-step guide to help you navigate through the DIY solar panel installation process: Assess Your Solar Potential: Start by evaluating your property's solar potential. Consider factors such as roof orientation, shading from nearby structures or trees, and local climate conditions. This assessment will help determine the most optimal locations for installing solar panels. Design Your System: Using online resources or specialized software, design a solar system that meets your energy needs. Consider factors such as the number of panels required, inverter capacity, and battery storage options if desired. Acquire Permits and Approvals: Contact your local building department to obtain any necessary permits for solar panel installation. Ensure compliance with local regulations and electrical codes. Purchase Equipment: Research reputable suppliers and purchase high-quality solar panels, inverters, and other necessary components for your system. Consider warranties, efficiency ratings, and customer reviews when making your selections. Prepare Installation Site: Clear the installation site on your roof or ground area of any debris or obstructions. Ensure proper structural integrity to support the added weight of the solar panels. Mounting and Wiring: Follow manufacturer instructions to securely mount the solar panels on your roof or ground-mounted racks. Connect the panels using appropriate wiring techniques while ensuring safety precautions are followed. Connect to Electrical System: Consult an electrician or follow detailed instructions to connect the solar system to your home's electrical panel. This step requires careful attention to electrical safety protocols. Testing and Commissioning: Once the system is fully installed, conduct thorough testing to ensure everything is functioning correctly. Verify proper connections, metering accuracy, and overall performance. Utility Interconnection: Contact your utility company to arrange for interconnection of your solar system to the grid. They will facilitate the necessary inspections and provide guidance on net metering policies. Monitoring and Maintenance: Set up a monitoring system to track your solar system's performance. Regularly clean and maintain the panels to maximize their efficiency and lifespan. Embarking on a DIY solar panel installation project can be a long and confusing project. Remember, if at any point during the process you feel unsure or encounter challenges beyond your expertise, it's essential to consult professionals who specialize in solar installations. Ensuring the safety and effectiveness of your system is paramount. How do solar panels work? Solar panels work by converting sunlight into electricity through the photovoltaic effect. When sunlight strikes the solar cells in the panels, it excites the electrons and creates an electric current. This current is then captured and converted into usable electricity for powering homes, businesses, and other appliances. On average, a residential solar panel system can reduce carbon dioxide emissions by about 3 to 4 tons per year, leading to significant environmental benefits. What are the disadvantages of using solar panels for energy production? While solar panels have numerous benefits, including reducing carbon emissions and saving on electricity bills, there are a few drawbacks to consider. Firstly, the initial cost of installing solar panels can be high, although prices have significantly decreased over the years. Additionally, solar energy production is intermittent due to weather conditions and the need for sunlight. However, advancements in battery storage systems help mitigate this issue. Lastly, the production process of solar panels generates some waste and pollution. Nonetheless, these disadvantages are outweighed by the long-term environmental and financial advantages of solar energy. According to The Solar Foundation's National Solar Jobs Census, the U.S. solar industry employed over 250,000 people in 2022, emphasizing the positive impact of solar energy on job creation and economic growth. What are some common misconceptions about solar panels? One common misconception about solar panels is that they only work in sunny climates. While it's true that solar panels perform best under direct sunlight, they are still capable of producing electricity on cloudy or rainy days. According to a study by the National Renewable Energy Laboratory, solar panels can still generate up to 25% of their optimal output even under heavy cloud cover. This means that solar panels remain a viable option for generating clean energy in regions with less sunshine. What are the benefits of using solar panels for energy production? The benefits of using solar panels for energy production are manifold. Firstly, it is a renewable source of energy that does not deplete natural resources or contribute to greenhouse gas emissions. Secondly, solar panels reduce utility bills by generating free electricity from sunlight. Additionally, solar panels require minimal maintenance and have a long lifespan. According to the National Renewable Energy Laboratory, the average home with solar panels can save over $1,000 in electricity costs per year. Finally, using solar panels promotes energy independence and resilience during power outages. How much do solar panels cost and how long is the payback period? The cost of solar panels and the payback period can vary depending on several factors such as panel efficiency, size of the system, location, and available incentives. On average, the upfront cost of installing a residential solar system in 2023 ranges from $10,000 to $25,000 after tax credits and incentives. With the energy savings generated by solar panels, it typically takes homeowners about 7 to 15 years to recoup their initial investment. However, it's important to note that this payback period can be shorter or longer depending on individual circumstances and local electricity costs. According to studies, solar panels have an average return on investment (ROI) of around 10-20% per year, making them a smart long-term investment for many homeowners. Overall, solar is worth the investment. With their positive environmental impact and ability to keep your money away from the electric companies and in your wallet, the choice to go solar now is stronger than ever! Call Semper Solaris to schedule your free quote today!
How would you feel if we told you that a part of your monthly expenses could be wiped off permanently? Too good to be true? Not when you switch to solar energy! Uncover the significant savings behind solar panel installation and make an informed decision for planetary welfare and financial prosperity. As pioneers in solar energy and battery installation, we drilled down into how much money you could really save. Could this be your ticket to a future free of escalating energy bills? Read on to discover! Yes, it is generally true that installing solar panels can lead to significant long-term cost savings. By producing and using clean energy from the sun, homeowners can reduce their reliance on expensive grid electricity and potentially even earn credits for excess power generated. While the initial installation costs may be higher, the savings on energy bills over the life of the system can be considerable. Additionally, some states offer incentives or rebates for installing solar systems, which can further reduce costs. Initial Investment for Solar Panels Investing in solar panels is a significant decision that requires careful consideration of various aspects, one of which is the initial cost. Understanding the initial investment involved is crucial to determine whether solar panels are truly a cost-saving option for you. The initial investment for solar panels consists of two primary components: the cost of the panels themselves and the installation and maintenance costs. Let's first delve into the cost of solar panels. Cost of Solar Panels The cost of solar panels can vary depending on several factors such as the type and quality of the panels, the size of the system, and your location. On average, the cost can range from $15,000 to $25,000 or more for a residential system. For instance, let's consider a hypothetical scenario where you opt for a 5 kW solar panel system, which is commonly recommended for an average-sized home. At an estimated cost of $3 per watt, this would amount to $15,000 for the panels alone. However, it's important to note that prices may fluctuate based on market conditions and other variables. Keep in mind that while there is an upfront expense associated with purchasing solar panels, they are designed to operate for several decades. So think of it as a long-term investment rather than just an immediate expenditure. In addition to the panel cost, you need to consider installation and maintenance costs. While many individuals choose to hire professional installers, it's also possible to install them yourself if you have the necessary skills and knowledge. Installing solar panels is akin to assembling a complex puzzle - it requires precision and expertise. Hiring professionals ensures that your system is correctly installed to maximize energy production and minimize any potential issues down the line. Installation costs typically include labor expenses, permits, wiring, and other equipment needed to connect your solar panels to your electrical system. Depending on the complexity of the installation, these costs can range from $2,000 to $5,000 or more. Once your solar panels are up and running, ongoing maintenance is necessary to ensure optimal performance. This includes regular cleaning, monitoring energy production, and inspecting for any wear or damage. While some individuals handle maintenance themselves, others prefer to outsource this task to professional service providers. The annual maintenance cost varies but is typically in the range of a few hundred dollars. It's crucial to keep in mind that while there is an initial investment involved in purchasing and installing solar panels, numerous financial incentives and long-term benefits contribute to the overall cost-saving potential. These include tax credits, net metering programs, reduced electricity bills, and the potential for selling excess energy back into the grid. Installation and Maintenance Costs Before diving into the potential savings of solar panels, it's important to consider the upfront costs associated with their installation. Solar panel systems generally require an initial investment, which includes the purchase and installation of the panels themselves, as well as any necessary additional equipment such as inverters and mounting brackets. The total cost can vary depending on factors like the size of the system, your location, and the complexity of the installation process. Let's say you're considering installing a solar panel system on your home. The average cost for a residential solar system in the United States is around $15,000 to $25,000 before any applicable incentives or rebates. This price tag may seem significant at first glance, but keep in mind that solar panels have a lifespan of 25 years or more, meaning you could potentially save significantly on electricity bills over that time. It's important to note that while the initial investment might require some financial planning, there are various financing options available to make solar panel installation more accessible. These include options like loans, leases, power purchase agreements (PPAs), and government incentives that can help offset costs. Once your solar panels are installed, there will still be ongoing maintenance costs to consider. Solar panels are generally low-maintenance devices; however, periodic cleaning and inspection are necessary to ensure optimal performance. You may need to remove any accumulated debris or dirt from the surface of the panels and check for any signs of damage or malfunction. Additionally, it's recommended to schedule regular inspections by professionals who specialize in solar panel maintenance. While these costs may add up over time, they are usually minimal compared to the potential long-term savings generated by solar power. Calculating Solar Panel Savings Now that we have covered the installation and maintenance costs associated with solar panels let's explore how you can calculate your potential savings. The savings generated by solar panels can be broken down into two main categories: reduced monthly electricity bills and potential income from excess energy generation. When you install solar panels, they generate electricity from the sunlight they receive. This electricity can then be used to power your home's appliances and electronics, effectively reducing your reliance on the grid and lowering your monthly electricity bills. The amount you can save will depend on factors such as the size of your solar panel system, your local energy rates, and your household's energy consumption patterns. For example, if your average monthly electricity bill is $150 and your solar panel system provides approximately 80% of your energy needs, you could potentially save around $1,200 per year. In addition to saving on monthly bills, many utility companies offer net metering programs. Net metering allows you to sell any excess electricity generated by your solar panels back to the grid. This means that during periods when your panels are producing more energy than you need, you receive credit or payment for the surplus energy supplied to the grid. Think of it like owning a lemonade stand: when you have extra lemonade left over that you don't drink yourself, you can sell it to others and make some money in return! Calculating the exact savings from net metering can vary depending on local regulations and utility company policies. However, it presents an opportunity for further financial benefits beyond simply reducing your own electricity bills. Factors that Influence Savings When it comes to determining the actual savings from solar panels, several factors come into play. These factors can vary based on your specific circumstances and can greatly impact the amount of money you save in the long run. One of the significant contributing factors is the amount of sunlight your location receives. Areas with abundant sunlight, such as sunny regions like California or Arizona, tend to generate more solar energy throughout the year. Thus, homeowners in these areas have a higher potential for saving money on their electricity bills compared to those in regions with less sunshine. For example, let's consider two households: one located in sunny San Diego, California, and another in Seattle, Washington. The San Diego household would likely generate more energy from their solar panels due to the consistent exposure to sunlight. In contrast, the Seattle household might experience lower energy generation since their area has more overcast days with limited sun exposure. Another crucial factor is the size and efficiency of your solar panel system. The number of panels you install and their energy conversion capabilities play a significant role in determining your potential savings. Larger systems with higher efficiency ratings can generate more electricity, thus maximizing your savings over time. Additionally, your energy consumption habits and electricity usage patterns also influence the amount of money you can save with solar panels. If you have high energy demands and use a significant amount of electricity during peak sunlight hours (when solar production is at its highest), you will be able to offset a larger portion of your utility bill. Moreover, fluctuations in electricity rates affect your savings as well. By adopting solar power, you become less reliant on utility companies and aren't subject to rising electricity costs. As utility rates continue to increase, your savings from solar panels become even more substantial over time. Several factors, such as geographic location, solar panel size and efficiency, energy consumption habits, and electricity rates, play a crucial role in determining the actual savings from solar panels. Installing solar panels in areas with abundant sunlight and using larger, higher-efficiency systems can generate more electricity and maximize savings over time. Moreover, adopting solar power reduces reliance on utility companies and eliminates the risk of rising electricity costs, making solar panel savings even more substantial over time. Payback Period and ROI One of the primary considerations for homeowners when investing in solar panels is how long it will take to recoup their initial investment, also known as the payback period. The payback period depends on several factors such as energy usage, installation cost, available incentives, and financing options. Generally speaking, larger initial investments will result in longer payback periods. However, it's important to note that solar panel system prices have been declining over time while efficiency has improved. Therefore, payback periods have been decreasing as well. To calculate the payback period for your specific situation, you'll need to consider the total installed cost of your solar panel system after factoring in any available incentives or rebates. Divide this cost by your estimated annual energy savings. The result will be an estimate of how many years it will take for your electricity savings to equal or surpass your initial investment. For example, if a solar panel system costs $20,000 after accounting for incentives and provides an estimated $2,000 per year in energy savings, the payback period would be 10 years (20,000 / 2,000 = 10). Additionally, it's important to consider the return on investment (ROI) that solar panels offer. ROI is a measure of the profitability of an investment over time. With solar panels, the ROI is determined by comparing the total savings over the system's lifespan to its initial cost. Solar panel systems are designed to last for several decades, often with warranties covering 25 years or longer. This means that after the payback period, you can continue to benefit from significant electricity savings and potentially even earn a profit as your system continues to generate free energy. By assessing the payback period and ROI of your solar panel investment, you can determine whether going solar is a financially viable and wise decision for your specific circumstances. It's crucial to conduct a thorough analysis with the help of solar professionals or financial advisors to ensure you make an informed choice. Government Incentives and Solar Panels When considering solar panels, it's crucial to understand the various government incentives available. These incentives can significantly impact the financial benefits of installing solar panels and make them a more cost-effective solution in the long run. One notable program is the federal Investment Tax Credit (ITC). This tax credit allows homeowners to deduct a certain percentage of their solar panel system's cost from their federal taxes. As of 2023, the ITC provides a 30% tax credit for residential solar installations. Keep in mind that the ITC has specific eligibility criteria and may not apply to everyone. Consulting with a reputable solar provider or tax consultant can help determine if you qualify for this incentive and guide you through the necessary steps. Additionally, many states offer their own incentives and rebates to further encourage the adoption of solar energy. Such programs often provide cash incentives or performance-based rebates based on the size of the solar installation or the amount of electricity generated. Now that we've explored government incentives related to solar panels, let's dive into an important aspect: Tax Credits and Rebates. Tax Credits and Rebates Tax credits and rebates serve as additional financial benefits for those considering solar panel installations. These incentives can help offset the initial costs and accelerate the return on investment for homeowners. One significant advantage comes in the form of state-level tax credits. Some states offer their own tax credits as an additional incentive to the federal ITC. These credits can further reduce the amount owed in state taxes, providing homeowners with even more significant savings. In addition to tax credits, various local utility companies provide rebates for installing solar panels. These rebates work by offering homeowners cash incentives based on the system's size or energy production. The availability and amount of these rebates vary depending on the region and utility company. Think of these rebates as a bonus reward for taking steps towards green energy. They can add up significantly over time and contribute to increasing your overall savings. It's worth noting that tax credits and rebates may have specific requirements and limitations. Researching the available incentives in your area and consulting with a professional can help you navigate through the intricacies of these programs effectively. Alternative Solar Power Savings Options Solar power savings extend beyond the traditional method of purchasing solar panels outright. For those who might not have the means to make an upfront investment, there are alternative options available that can still help you save money. Let's explore some popular alternatives in detail. One such option is solar leases. With a solar lease, you essentially rent the solar panel system from a third-party company. This means you don't own the system, but you benefit from the electricity it generates. The leasing company takes care of installation and maintenance, while you pay a fixed monthly fee for the use of the system. While this may not provide as much long-term savings as owning your own system, it allows you to take advantage of solar energy without the upfront costs. It's important to carefully review lease terms and understand any potential escalations in fees over time. Another alternative option is a power purchase agreement (PPA), which works similarly to a solar lease but with slight differences. With a PPA, you agree to purchase the electricity generated by a solar panel system installed on your property at a predetermined rate per kilowatt-hour (kWh). This rate is often lower than what you would pay your utility provider for conventional electricity. The installation and maintenance of the system are typically handled by a third-party company. While you don't own the system in this arrangement either, you still get access to clean energy at potentially lower rates. It's important to review the contract terms and duration of the PPA to ensure it aligns with your goals and preferences. Both solar leases and PPAs offer an alternative path to accessing solar power without the need for a significant upfront investment. They can be particularly beneficial for homeowners who want to reduce their carbon footprint and save on electricity costs but may not have the ability or desire to own their solar panel system outright.. Now that we've explored alternative solar power savings options, let's dive into the specifics of solar leases and power purchase agreements (PPAs), including their key features and considerations. Solar Leases and Power Purchase Agreements Solar leases and power purchase agreements (PPAs) are contractual agreements between homeowners and third-party companies that allow for the use of solar panel systems without the need for upfront costs or ownership. While they share similarities, there are distinct differences between the two. A solar lease typically involves renting or leasing a solar panel system from a company. The company installs, maintains, and owns the system while leasing it out to the homeowner. In return, the homeowner pays a fixed monthly fee for using the electricity generated by the panels. The terms of the lease can vary, including leasing periods, escalations in fees, and potential buyout options at the end of the agreement term. On the other hand, a power purchase agreement (PPA) is an arrangement where the homeowner agrees to purchase the electricity generated by a solar panel system installed on their property at a predetermined rate per kilowatt-hour (kWh). This rate is often lower than conventional utility rates. The company that installed and maintains the system retains ownership of it. Like a lease, PPAs typically have contract terms and may include provisions for escalations in rates over time or buyout options. It's important for homeowners considering these options to carefully review the terms and conditions of the agreement, including any potential escalations in fees or rates and buyout options. Additionally, understanding the expected savings over time is crucial in making an informed decision. What is the lifespan and maintenance required for solar panels, and how does that impact potential savings? The lifespan of solar panels typically ranges from 25 to 30 years, and with proper maintenance, they can even last up to 40 years. Regular maintenance includes cleaning the panels and monitoring their performance. While the upfront cost of installing solar panels may seem high, their long lifespan and minimal maintenance requirements actually contribute significantly to potential savings over time. What factors influence the amount of money saved with solar panels? Several factors determine the amount of money saved with solar panels. Firstly, the cost of installing and maintaining the solar panel system plays a significant role. As technology improves and prices decrease, the upfront investment is becoming more affordable. Additionally, geographic location affects the amount of sunlight received and thus the energy generated by solar panels. Other factors include the efficiency and capacity of the solar panel system, as well as local incentives or rebates provided by governments or utility companies. Are there any tax incentives or rebates that can further increase savings with solar panels? Absolutely! Installing solar panels not only helps reduce your energy bills but also qualifies you for tax incentives and rebates, further increasing your savings. As of 2023, the federal government offers a 30% Investment Tax Credit (ITC) for residential solar installations. Additionally, various state and local governments provide their own incentives such as property tax exemptions or grants. These incentives, combined with the long-term energy savings from solar panels, make it a financially smart choice for homeowners looking to save money while reducing their carbon footprint. How long does it take for solar panels to pay for themselves? On average, it can take around 4 to 8 years for solar panels to pay for themselves. The exact payback period varies depending on factors like the location, energy consumption, cost of electricity, and the upfront cost of the system. However, it's worth noting that in recent years, the cost of solar panels has been decreasing steadily while energy prices have been rising. This trend significantly shortens the payback period and increases the financial benefits of investing in solar energy. How much money can one expect to save with solar panels? The amount of money one can expect to save with solar panels depends on various factors such as location, energy usage, system size, and incentives. However, on average, homeowners can save around $1,000 to $2,000 per year on their electricity bills. Additionally, solar panels have a long lifespan (often over 25 years), which means potential savings can accumulate significantly over time. According to studies, homeowners who install solar panels can potentially increase the resale value of their homes by an average of $15,000. What are you waiting for? Schedule an appointment with Semper Solaris today and start your journey to going solar!
BREAKING NEWS! The American government has come together to pass the Inflation Reduction Act of 2022 (IRA). This is fantastic news for those installing a new solar system because they will now be eligible for a 30% tax credit. What Is the Federal Solar Tax Credit? The Federal Solar Tax Credit that is also known as the Solar Investment Tax Credit or ITC is a 30% tax credit incentive for a newly installed solar system. By installing a solar photovoltaic system, you will be entitled to a federal solar tax credit that can be claimed on federal income taxes for a percentage of the cost that came with installing a new solar system. This will help Americans get solar on their roofs and will help millions more families unlock an additional savings on their electricity bills over the life of the system. The solar ITC was first introduced back in 2006, and has been a huge success since then: according to the Solar Energy Industries Association, it's spurred average annual growth of more than 50 % for the solar industry and boosted the area by more than 10,000 % since its inception. Indeed, the solar ITC is the primary motivator behind the development of solar - it goes without saying that, without this extension, we would see a decline in the growth of solar for the foreseeable future. The statistic mentioned above speak for themselves - the solar ITC has been responsible for huge growth in the solar sector.
So, you have been thinking about a solar installation on your Citrus Heights home. You have asked yourself the questions --- Why should I install solar? How will going solar benefit my family and me? Is it worth it? You have heard about the solar incentives and rebates available to Citrus Heights to offset the cost of installation. The price of installing solar has fallen considerably. And all your Citrus heights neighbors are installing solar, so why not you? BENEFITS OF GOING SOLAR The first consideration when deciding whether solar power is right for you is to find out how much you can actually save on your energy costs. If you enter the information about your home at Project Sunroof, you will find the answer to that question. When you think about the ways you benefit from installing solar, from environmental to energy savings, You will no doubt realize that solar panels in your Citrus Heights home are the smart move to make. Why not take the plunge? Semper Solaris is the best solar contractor in Citrus Heights. We have lots of options for homeowners, from equipment choices to financing options. Why not join your neighbors and install a solar power system for your home and reap the benefits? FIND THE RIGHT SOLAR COMPANY IN CITRUS Heights The first step in going solar is finding the best solar company in Citrus Heights. The company you want will offer a variety of top solar panels and equipment available. They will provide excellent warranties and stand behind their installations. They will have various financing options and will help you obtain the right incentives and rebates to lower your costs. Once you have found the right company for your solar installation, the process will begin with an evaluation of your property, an estimate of how much you will save, how much it will cost, and how long it will take. Once you give the nod, you will sign a contract and lease or loan papers, an engineer or technician will provide a more in-depth evaluation and assessment of your property. Assessing Your Property for Solar After you sign your solar contract and lease or loan, the installation will begin. An engineer or technician will perform a more in-depth assessment of your home. The roofs structure and ability to hold the panels Electric panel for compatibility with the solar panels Shade and obstruction issues for placing of the panels How much sunlight will be available for conversion to electricity Paperwork and Permits for your Solar Installation There is a lot of paperwork to cover before the actual installation begins. Your solar company will handle most of it for you. State and Federal Solar incentives Solar Loans and financing Building permits from City Inspections by the city and utility company After the paperwork and permits are done, it is time to design the system and order the equipment. Once the permits are approved (30 to 60 days), and the equipment arrives, it is time to install your solar panels. The installation will take about 2 or 3 days. And Now You Have Solar Before you can flip the switch, both the city planning and the electric company will come to inspect your solar installation to make sure it meets all the regulations, is installed properly, and it is working correctly. When they give the thumbs up --- final approval--- the moment has arrived. A flip of the switch, --- roof comes alive ---your solar energy is online. Congratulations. You have gone solar. Semper Solaris offers the best solar panel installation in Citrus Heights. Our equipment is from the most reliable and trusted manufacturers in the business. Finance your solar with our various financing options. We guarantee our work with a 25-year warranty. We have the experience, credentials, and expertise to make going solar an easy option.
Solar Panels For the Right Reasons With the cost of solar installations getting lower and lower, homeowners are making the smart move of going solar. Take advantage of the low prices, rebates, and incentives, and help the environment by reducing your carbon footprint. This move towards renewable energy is good for consumers, good for the economy, and good for the environment and the air you breathe. Solar Saves You Money Going solar will save you money, and you can reduce and even eliminate your electric bill. Your solar system connects to the grid and unused power from your solar system is fed back into the grid giving you credits while saving your generated electricity for the times your solar is not producing energy. Using solar power gives you a hedge against rising prices. And by producing your electricity and monitoring your usage, your energy bill will be more predictable and protect you from fluctuating energy prices. If you have a PPA, then your electric bill is the same from month to month all year long. Solar As an Investment Whether you choose to buy or lease your solar system, you will reap the benefits of lower electric bills and save money. By purchasing your system, the incentives and rebates will offset the upfront costs giving you a return on your investment. In a few years, when your system is paid off, you will reap the benefits even more with tax deductions for depreciation. And with the cost of electricity rising each year, a reduction in the cost of electricity can match or outperform traditional investment instruments. Solar Increases Property Value Investing in a solar system will increase the resell value of your home, and in most cases, the sale of the house will more than cover the total cost of installing the system. Adding a solar system is considered an upgrade like other home renovations. According to the Department of Energy, home buyers are willing to pay a premium and homes with solar tend to sell faster if they are energy efficient. Going Solar Helps the Economy Solar is among the fastest growing industries in both installation and manufacturing as more and more Americans are getting on board with Solar Power. Innovation spurs economic growth, and Solar is at the forefront of bringing new ideas and new jobs to the U.S. economy. Solar Advances Energy Independence Solar power helps promote energy independence which protects from price fluctuations and dependence on foreign fuel sources – because sunlight is free. Solar Helps the Environment And most of all, Solar power helps protect the air by reducing the need to burn fossil fuels, the leading cause of pollution. Solar produces no pollution and has a positive effect on reducing greenhouse gases. They say that the elimination of carbon emissions from a residential solar power system is like planting around 100 trees per year. So why not plant a few trees and have the satisfaction of knowing you are participating in the future of renewable energy while enjoying the financial benefits? Semper Solaris offers the best in Solar products and installation. We have various solar financing options available from buying to leasing and guarantee our work with a 25-year warranty. If you are contemplating installing a solar power system in your home or business, we have the experience, credentials, and expertise to make going solar an easy option. Call Semper Solaris for an appointment today and let us help you go solar. How does Solar Energy Work? The sun rises and shines down on your solar panels. Sunlight is made up of photons, tiny bursts of energy which emanate from the sun and hit the photovoltaic panels (solar panels). Photovoltaic is the process of chemical conversion of light to electrical power. And so, begins the progression of collecting the sunlight and converting it into electricity for your home.It produces clean energy, has no moving parts and needs no fossil fuels for power. Solar Panels Solar panels are comprised of a system of various parts that work together to collect and transform the sun’s energy into electricity. Many smaller units or photovoltaic cells are linked together with metal frames and wiring connecting throughout the panels. The panels have a mounting system and are arranged at the best angle facing the sun to convert the power generated into Direct Current (DC). The total cells per solar panel and the number of panels in a solar system is directly related to how much energy is created. Solar Cells Semiconductor material like silicon forms the small photovoltaic cells or modules. Although there are several types of semiconductor materials, silicon is the most common type used in making solar panels. These are busily at work allowing particles of light (photons) to pass through the material causing the electrons to break free to begin the process of creating an electrical current. Each cell needs to create an electrical field to generate a current. Each cell has both a positive and negative layer and works like a battery. The electrical field forces the electrical current out of the cell, or semiconductor, into the metal contacts and wiring that connects the cells and the panels. The current flows into the inverter where it converts the Direct Current (DC) into Alternating Current (AC) which is the current that runs throughout your home. Solar Inverters A solar inverter takes the DC from the solar panels and transforms it into AC. The inverter operates much like the Central Processing Unit, the brains, of a computer. It not only inverts DC to AC, but the inverter also provide grounding protection, monitors the system, voltage, and current on the circuits, monitors the production of energy and Maximum Power Point Tracking (MPPT) which is the maximum available power. There are central inverters that optimize the entire solar system, and Micro-inverters which monitor each panel. Inverters are tied into your home and usually to the grid through a meter. The process of collecting and converting sunlight to electricity goes on throughout the day until nightfall, when the panels stop generating energy. The energy that was not used by the home during the day is funneled back into the grid, and that power is credited back to you. In the evening, the network begins to deliver the unused credits in the form of electrical power back to the home to run the lights and television and other devices used at night. Semper Solaris knows how solar works, we know how to find the best and most cost-effective options available with the highest quality products and installation. We have various options for panels, for inverters, and should you want to be energy independent, we provide solar backup systems to store your unused energy for later use—saving even more money on your utilities. Call us for an evaluation of your property and let us help you go solar. Choose the Right Solar Financing Options With the cost of solar going down, now is the time to cash in on low prices, incentives, and rebates which are available from the Federal and State and City governments. These incentives paired with a solar loan are an attractive investment for homeowners and homeowners are cashing in. The upfront costs of solar, should you choose to buy, will be eased by the tremendous savings, tax deductions, and added value to your home. And if you decide to lease there is no upfront cost, a PPA is the way to lower your utility costs and regulate your monthly electric bill —saving money from the get-go. You will benefit not only financially, but your community and the environment will reap the rewards. Solar Loans A solar loan is a good option for those wanting to purchase their system. Solar loans are comparable to other home improvement loans but focused on energy efficiency projects. hey are offered at banks or solar panel manufacturers. And, you can take advantage of the Tax Credits and available deductions as well as the incentives and rebates. Things to Consider: Savings on your monthly bill compared to loan payment Incentives and Rebates from Federal, State, and City Tax deductions for investment in Solar Subsidized loans Secured and unsecured loans Property Assessed Clean Energy (PACE) Loans Finance your solar energy installation with a PACE program. A PACE loan is available to homeowners through an authorized PACE provider. PACE financing is attached to your property and paid through the annual property tax bill. The tax rate determines the interest rate, and if you sell your home before you pay off the loan, the balance transfers to the buyer. Home Energy Renovation Opportunity (HERO Program) The HERO program is a residential Property Assessed Clean Energy PACE program offered by Renovate America, a home renovation lender. HERO financing is for home improvements and solar and energy efficiency residential projects. Fannie Mae Homestyle Energy Loan With a Fannie Mae Homestyle Energy loan, you can finance your solar installation. They offer affordable and flexible options to homeowners for energy efficiency and disaster preparedness improvements. What is the difference between a solar lease and a PPA? Power Purchase Agreement (PPA) PPAs offer all the benefits of using a solar panel system without having the upfront cost of purchasing it. The PPA provider installs solar panels on your property, and you pay them a below market rate for the electricity for a set term, usually 20 years. The provider owns, maintains the system, an in return, receives the rebates, incentives and Tax Credits for the installation. Things to Consider: Rent or own your home? The upfront cost of solar installation Financial burden from a solar loan Savings from the lower cost of electricity Reduced Carbon Footprint Whether you lease or buy your solar system, it is a smart idea to reduce your home’s energy expenses while reducing your carbon footprint. Semper Solaris offers a variety of financing options. You will enjoy the benefits of low-cost financing for your system and reap the rewards of going solar. Call us for an evaluation of your property and to discuss all the financing options available and go solar. How to Choose the Right Solar Company So, you have decided to join the trend of going solar. What next? Investing in Solar is an important decision and a long-term investment. The most critical step in making this big decision is to find the right solar company. Your installer should be experienced and have a good reputation for top quality work and the very best solar panels available. Going solar is a complicated process, and there are many things to consider when choosing a solar provider: Evaluation of Your Property Design and Layout of the Solar System Permits and Inspections The Right Solar Financing Options Many situations can arise during the process of installing a solar system. Your installer must be very thorough in assessing your home’s readiness for solar. For instance, if your roof is too weak for the system, your roof could collapse under the weight of the panels. The company you choose should be expert in Roof Installation and construction. You can Google to find solar companies in California and see which companies are a good fit. You should have a list of more than one company and get quotes from each one. Reputation & Reviews Check companies in your state local areas and make your list based on the reputation of the companies: Reviews on Yelp, Facebook, Google Business, and Better Business Bureau Angie’s List and other online sources SolarReviews.com News articles Recommendations from satisfied customers Credentials & Expertise It is essential to know the experience of a company, and whether they have the proper certifications and licenses. You should be able to find these out on their website. Things to Ask Your Solar Company: How long have they been in business? Do they handle all the permits and paperwork for city and state require? Can they provide examples of previous installations with testimonials? Do they have a business license for their state and jurisdiction? Do they have liability insurance? Proper Solar Company Certifications: North American Board of Certified Energy Practitioners (NABC) General contracting, electrician and home improvement licenses Quality Products & Solar Installations: What options and types of solar panels do they offer? Do they use the latest solar technology? Do they use the best installation equipment such as solar mounting brackets and reinforcement? Do they offer Product and installation warranties? Do they offer multiple solar financing options? The top companies offer a variety of the most popular and reliable solar panels and equipment using the latest technology. They offer warranties on products and their expert installation. they only use the sturdiest brackets and reinforcement systems available. Attentive and Helpful Service The relationship between you and your solar company should be built on trust. They should accurately represent costs as well as projected savings on electricity and have a track record of happy customers. Look for companies that have a reputation for exemplary customer service. Semper Solaris’ core values like trust, loyalty and high-quality service. We will steer you through the process answering all your questions and addressing all the problems that arise promptly. We do have a track record of happy customers. Call us today to schedule an evaluation of your home. There has never been a better time to go solar! Play the Safe Bet: Always Choose American Made Solar Panels If you are thinking about going solar and want to begin the process, how do you choose the best solar panels when you finally decide to go solar? There are numerous available options for solar panels on the market today, and the choices seem daunting. But you can narrow down your options and choose the most efficient, reliable panels made. An excellent place to start is by looking at the most popular and reliable brands used by the top Solar installers. Solar panels are made in manufacturing plants all over the world. China is leading the way in sheer volume of manufactured panels. But the unfair competition from China and their illegal practices has resulted in a tariff on Chinese solar panels, paving the way for North American Solar manufacturers to once again dominate the market here in America. The most reputable Solar Companies use American made solar panels which have proven to be the most reliable and efficient, and are the superior option in quality, price, and economics. Quality & Economy American manufacturers adhere to the highest standards of quality and offer top-quality panels to their customers. Semper Solaris chooses premium panels for both quality and economy. Benefits America Solar is the fastest growing energy source, and there are huge benefits from American solar-panel manufacturing. Since the tariff on foreign-made panels has taken effect, American Solar manufacturing is reestablishing their standing in the field of solar technology. Jobs in the solar manufacturing sector are on the rise as well as transportation, engineering and goes so far as to affect education, taxes and other government policies including clean energy practices. The move towards a renewable energy economy will allow for energy independence as we break free from the price controls of the utility companies. American-Made Solar Panels America is the pioneer of solar energy. Solar panels manufactured in America benefit from American innovation. They provide more choices, not only in quality and price but promote a renewable energy economy as we move away from fossil fuels. Why Buy American Made Solar Panels? Reliability—proven track record Highest efficiency = greater customer satisfaction Highest environmental and safety standards Warranties – Semper Solaris offers a 25-year manufacturer’s warranty Accountability – Manufacturers that stand behind their products Customer Service – fast replacement in the case of defective panels At Semper Solaris, we use the very best products made in America and choose leaders in the manufacture of solar panels that comply with our standards. We are leading the way in promoting solar products made in America. You can count on our top-notch service and the highest quality products made in America. Understand the Solar Installation Process If you are considering going solar it is essential to understand the process from beginning to end. There are many aspects to the process, and you need an installer has experience in every facet, so the project does not get bogged down. You will first decide upon a reputable provider that meets your needs, and they will do an initial inspection of your site. They will take measurements and discuss the options with you, including how much you will save on your utility bill, the available rebates, incentives, and financing options. Site Assessment After the initial signing of your solar contract lease or loan, you will begin the first phase of your installation which is the assessment by an engineer or technician to evaluate your home for the installation. This visit is more in-depth than the initial evaluation to begin the process. Evaluation The condition of your roof’s structure to make sure it will support the panels Your electrical panel for compatibility with the solar system The system design for compatibility with your home. Evaluate the sunlight and shade for placement of the panels on your roof. Calculate how much sunlight your system will be able to capture Paperwork & Documents Your installer will handle most of the paperwork and the permitting of your solar power and will only have you sign on the dotted line. There is much work to be done, and the paperwork lays the groundwork so that all the bases are covered before the installation process begins. Building permits from City State and Federal Solar incentives Local solar programs Clean Energy Financing programs like PACE Solar System Equipment After the paperwork and permits, it is time to choose the equipment and design the solar system for your home. Your Solar provider will help you select the best equipment and components for your situation. But it is a good idea to have something in mind before you discuss final plans. Once the equipment is on order, the date of installation will be scheduled according to your installers availability. Permits approved (30 to 60 days) Approve system design Choose and Order equipment Solar panels Inverters Supporting hardware and wiring Installation of Solar Components The permits have approval. The equipment arrives. And now it is time to install your solar. It will take around two or three days to complete depending on the design and preparation of the roof. Solar Panels Electrical panel Electrical wiring. Racking to support panels Connect inverter to panels Final Approval & Connecting to the Grid Once your inverter is installed, and the DC is converted to AC it is time to connect to the electric grid. The city planning and electric company will come to inspect your solar installation: Make sure the system meets all regulations. The system is installed correctly Has proper connection points Check that electrical systems are working properly Once these have approval, it is time to be connected to the grid and with a flip of a switch—you are now generating clean, renewable energy and the savings begin. Understand the Solar Permitting Process After you have signed your contract for your solar with your provider and done the necessary paperwork including financing and all applicable incentives and rebates, you will have an initial inspection of your site followed by site assessment. Any significant structural changes to your home require permission from your local government planning office. The permitting is critical to ensure your installer is meeting all applicable building codes. If they don’t, then you must start all over again. Permits Your installer will file the various applications for permits. Permitting involves the city and county governments, and it is dependent on how fast they approve. Some cities are stricter than others. Your installer should be experienced in this process and will take it from here handling the applications for permits and follow through to final approval. You will only need to sign the paperwork. Building Codes The permitting process for solar involves several parts of the Californian Building Code Title 24: Building Code Residential Code Electrical Code Mechanical Code Plumbing Code Energy Code Fire Code As you can see, there are many rules and regulations involved in the permitting process. It can get very complicated and sometimes drag the process out. The good news is, In California, the Solar Permitting Efficiency Act (Assembly Bill 2188), passed in 2014, made it a requirement that all local governments adopt ordinances that expedite the permitting process for small residential solar systems. Other states have also implemented expedited permitting processes for Solar Systems. Your experienced installer will know how to advance the process so that they can install your rooftop solar within the earliest possible timeframe. Application Review The local permitting agency must review permit applications to ensure compliance with state and local requirements. Structural safety Electrical safety Planning and Zoning Fire Safety After you have gone through the necessary permitting approval of your system design and it meets all the required building codes, it is time to order the equipment and set a date for installation. The installation will take a few days. And once the installation is complete, you have one more hurdle in the permit approval process. Final Inspection & Approval The city government inspector will check the installation to be sure the wiring was done correctly and that the mounting is attached, and the system meets all electrical and roof and building codes. Following that, your electric company will do a final inspection. It will take approximately two weeks to a month for final approval before your system is given the green light to connect to the electric grid. The system will be connected, and it is time to flip the switch. Your solar system connects to the grid, and your solar panels will begin generating power and saving you money. Semper Solaris technicians are knowledgeable and proficient in installing solar from the initial site inspection through the final approval of your system going live. We handle all the paperwork and permits and are there with you every step of the way. Call us today for a free evaluation and consultation. We will help you on the road to going solar. Monitoring Your System: How to Keep Track of Your Energy Production If you plan to install a rooftop solar system in your home, you already know you will save money. But how do you see the amount of power your panels are generating or how much money you are saving? Photovoltaic cells in the solar panels transform sunlight into energy and energy into direct current (DC). The inverter is connected to your homes electrical system and converts DC to AC for use in your home. You can increase the productivity of your solar panels by monitoring your system to achieve peak solar power efficiency. You can take advantage of products and services to get the most benefit out of your system. Net Metering Most solar systems connect to the grid through Net metering or net energy metering. A net meter replaces your regular electric meter on your house and is connected to the power from your solar system and the grid. Net metering monitors your solar power generation and usage and keeps track of energy that is routed back into the network grid and stored there. What you don’t use is credited back to you to be used when your panels are not producing electricity, like at night or on very cloudy days. It is possible to build up enough extra credits during the summer months so that you can use them in the winter. If you generate enough electricity from your panels, you can eliminate your electric bill. Web Monitoring Solar monitoring software for your system works through the solar inverter to monitor your solar system’s performance in real time. Your solar system will come with built-in software for this purpose. It will track the energy generated and energy use. It will help you optimize energy usage and detect problems in your system. It is essential to monitor your system, so you are sure it is operating at optimal levels. The information gathered by the software is sent to your installer through a cloud-based system with a website where you can view your system statistics. Web monitoring works with computers, mobile apps, and smart home devices. You can access the data from your mobile devices without connecting to your Wi-Fi. Spot problems in real time and minimize your system’s downtime See your day to day, monthly, and yearly savings See the benefits of upgrading to more efficient appliances and fixtures Adjust your power usage to match the production of your panels and eliminate your utility bill Run appliances during your optimum solar generation. Tweak your power usage by identifying appliances using the most power Program appliances like your refrigerator to use energy when the rates are lower Semper Solaris’s solar panels are installed with a state-of-the-art monitoring system which allows you to keep track of your solar energy production. Our monitoring support specialist will help you access your system through your home computer, a mobile app, or device. You can log on any time to view your system’s performance. There is no better time to go solar, call us today for an evaluation of your home and join the solar revolution. Maximize Your Investment: Why Using a Contractor for both Your Solar and Your Roof is a Smart Idea Now is time to go solar. The cost-benefit concerning savings on electricity is enough to justify the expense of installing a solar system on your roof. Add to that the value it adds to your homes resale value. The government incentives and tax rebates alone are enough to bring the price in range for homeowners. In a few years, the system will be paid off while you continue to profit from the reduced power bills. Solar & Roofing The most important consideration when installing solar on your roof concerning durability and the life of your solar system is the condition of the roof. It is essential to have your roof assessed for the ability to handle the weight of the solar panels. But maybe it would be better to maximize your investment and start fresh with a new roof combined with your new solar panels. Unless your roof is relatively new, it is likely your roof will need repairs or will degrade faster than your solar panels. Why not consider starting with a new roof and a new solar system and maximize your investment? If you replace your roof when you install solar panels, you will save money by avoiding the expense of removing and reinstalling your solar panels should you need to replace your roof in the future. Roof Installation vs. Replacement If you do have problems with your roof needing repair or replacement, there are labor costs involved in taking the panels off and putting them back on. If your hardware also must be removed, the cost will be a few thousand dollars higher than just the Roof Installation and panel removal. If you combine a new roof with a new solar installation, it is unlikely you will need to replace your roof for life of your panels. Panels last from 30 to 35 years and are much more durable than roofing material, and they will protect your roof from degradation. A solar power installation will save you thousands upon thousands of dollars throughout the life of the system. So, the added cost of reroofing is well worth it in the long run and is better than taking a chance that there will be problems with your roof later. The Right Solar Company Few solar companies offer roofing services. Choosing a solar company that is also an expert in the repair and construction of roofs, is a very safe bet. At Semper Solaris, we have built our reputation on the construction of roofs along with our solar installations. We offer warranties on roofing and solar as well as great discounts when you install a new roof along with your solar panels. If you need roof replacement anyway, consider installing solar along with the new roof. It is a wise investment to make, and the financial benefit is enormous for both savings and value added to your home. If you already plan on installing solar on your rooftop, consider starting with a clean slate by also installing a brand-new roof. Call us today, and we can evaluate your home for a new roof and solar system. Capitalize on Your Solar Investment – Battery Storage and How You Can Make Money with Solar If you have or are contemplating installing a solar system on your rooftop, why not capitalize on your investment? Maximize your savings with solar battery storage. You can profit from your solar installation from savings on your electricity. A penny saved is a penny earned. And battery storage can give you that extra penny or two. Profit from Solar With the cost of electricity rising, investing in solar makes sense. And you can create a profit scheme from using solar energy. Generating your power is a hedge against the rising and fluctuating energy costs. You can capitalize on the savings on utility bills and solar rebates and incentives, as well as the increased value of your home. The lowered cost of electricity through net metering is essentially selling excess power generated from solar, back to the grid. It comes back to you as credits in the form of electricity when your solar is not producing electricity. By selling your power back to the network, you are receiving credits toward your electric bill as good as cash. Maximize Profit with Backup Battery Adding a backup battery to your solar system will enable you to store extra power for your use, get a financial return, or be prepared for emergencies when the grid goes down. If your electric company charges high demand rates, or you have Time of Use (TOU) rate structures with high peak and off-peak rates, you can use your stored power to control costs. Electricity rates are lower during the daytime, and solar panels are producing the most energy. You can save energy in your batteries for use during high demand or peak hours and avoid the higher rates during that time. Or, you can use the power from your battery during off-peak hours and generate surplus energy to sell back to the grid during on-peak hours. You will save money and create an income by adjusting to changing rates. Some companies, like LADWP, have tiered rates designed to push your rate higher according to how much power used during your billing period. Depending on your power usage, and for heavy use days, you could feasibly use enough of your solar power to give you a deficit which would force you into a higher tier. With battery storage, you can monitor your energy and save your solar power to the battery to use on high use days or for overages and avoid all or most of the extra cost of higher tiered rates. Make a Move Towards Energy Independence If you are considering a solar system but have not yet made a move to go solar, Semper Solaris can help you make your decision with accurate and helpful guidance from our representative. Whether you have a system already or are planning to, Semper Solaris can install an Enphase Encharge Battery or Tesla Powerwall backup battery so that you have surplus power when you need it. You can use the extra energy to generate a profit from your solar power system or go off the grid. Call us today and let us help you maximize your solar investment for a financial return and move towards energy independence. Protect Your Solar System Solar panels are made of tempered glass and are designed to tolerate extreme temperatures, weather, and other outside factors. They are tested to handle falling debris, hail storms, and very high winds. But many other factors can cause damage to your solar system, and you have no further to look than your backyard. It is essential to safeguard your investment to avoid damage, loss of efficiency, and even theft. If you have installed Solar Panels on your roof, you will be saving a lot of money on your power bill. And although solar panels are reliable requiring little support, you can preserve and protect the life of your solar panels through regular inspection, maintenance, and cleaning. Solar Maintenance It is good to get a regular comprehensive examination of your panel system to see that it is performing at its optimal efficiency and that it is safe, with no issues to the electrical system and components. Inspection is especially critical if your solar system is a few years old. Comprehensive maintenance for your system should include: Inspecting the electrical system wiring and components Inspection of the roof for degradation Review of monitoring equipment Racks and mounting Checking for faulty wiring Replacing cracked or broken panels Thorough cleaning of panels Solar Cleaning Clear debris, such as leaves, or dirt (use garden hose) Schedule a cleaning with your solar panel provider OR Install a solar cleaning system Keep trees and foliage trimmed So panels are not shaded from the sun and to keep falling branches from damaging your panels Conserve Solar Power Monitor your system and know when your panels are the most productive. Adjust your power usage to when your system is generating the most electricity Use smart plugs or power strips to turn off appliances not being used Use timers on your devices and run the most power-hungry appliances during your optimum solar generation. Led lights 75 percent less energy than incandescent bulbs Motion sensor lights will cut down on unnecessary lighting in some areas Weatherize your home Store power – Semper Solaris can install an Enphase Encharge Battery or Tesla Powerwall backup battery for surplus power. Protect Solar Panels Alarm System Serial numbers for your home insurance Fence your property Use locks Pest Guards to keep rodents from nesting in your wires, roof, and panels At Semper Solaris, we are committed to top-notch solar energy installation, maintenance, and service to our customers. We offer a full system diagnostic with an inspection, tune-up and maintenance services for your solar system. If your system is older or you have any issues with your solar system, Semper Solaris is a company you can trust. Our solar experts can diagnose and fix any solar system problems you may have from the panels to the electrical system to the roof. If there is a problem—we can fix it–give us a call. Understand the Value Solar Panels Add to Your Home If you are contemplating or have decided to go solar and have a solar system installed on your rooftop, you will save money on electricity. And the benefits are not only financial you will reduce your carbon footprint and contribute to the efforts to move away from carbon-based fuels and towards renewable energy. But how does adding solar to your rooftop affect your bottom line over time? Solar Panels Increase Property Value The research is in, and study after study confirms that purchasing a solar power system for your rooftop will increase the value of your home. And the total cost of the system is offset by the rise in the home’s resale value even before taking into consideration the incentives and tax rebates. Purchasing Your Solar System Adding a solar system is considered an upgrade like any other home renovation only the return is much higher for solar than for a kitchen or bathroom. According to the Department of Energy, home buyers are willing to pay a premium for homes with solar and homes tend to sell as much as 20 percent faster than homes without. And beyond that, the reduction in energy costs continue to produce excellent returns on the investment, saving thousands of dollars for many more years. The National Renewable Energy Laboratory Study shows that property value goes up about 20 dollars for each $1 in savings from a rooftop solar installation. Buyers are paying more to enjoy savings on their utility bills, which makes a mortgage payment more affordable. According to the Lawrence Berkeley Lab’s study, the rise in property value is approximately four dollars per watt on average. A 5 kW system or 5,000 Watts will fetch around 20,000 in increased resell value. So one kilowatt (kW) equals 1,000 watts times 4 giving a $4,000 increase in resell value. Here is the calculation for a 3.1 kW system: 3.1 kW system – 3.1 X 1,000 = 3,100 watts X 4 = $12,400 increase in resale value. Smaller systems increase the value of even more per watt than larger systems. Homebuyers consider any size solar installation to be an asset. According to studies, this is called the “green cachet” effect where homebuyers are willing to pay more to have solar.< Solar is beneficial for homeowners and homebuyers alike. It is clear that going solar is a smart investment that gives you a hedge against rising energy costs, and in most cases, outperforms traditional investment mediums. By purchasing your system, incentives and rebates will reduce the upfront costs significantly and give you a return on your investment. But how does Leasing affect this return and the resale value of your home? Solar Lease (PPA) In a Power Purchase agreement, PPA, the homeowner does not own the panels and does not make payments on the solar system. Instead, the PPA company installs, owns, and maintains the panels. You are either charged a set rate for the electricity produced or pay only for the energy used, and the company gets the benefits of rebates, incentives, and tax breaks. Solar leases can last up to 20 to 25 years. If you are leasing your solar system, the process of selling gets a bit complicated. For sure you are buying the system in the long run, but if you sell before your lease is up, how does that affect the resell value and purchase of the house? If you sell your home and have a PPA, there are two routes you can take. If the buyer will take over the lease and enjoy the benefits of the PPA, it can still be attractive because the buyer will save a lot of money on electric bills. If however, you wish to take the solar with you or the buyers do not want to assume the lease, what happens? It will likely require that you pay off the contract at a pro-rated amount and pay the cost of having the panels removed from the roof, repair the roof for the new buyers, and have the panels installed on your new home if that is an option. Installing Solar Panels? There are no reliable studies on how leasing solar affects the value of your home. In the future, that will be a consideration for reviews, but there is no data on it now. Either way, you and the buyer will benefit from lowered energy costs. So if you are wanting to install solar panels, but plan to sell your home in the future, you should find out all the terms for this process and make it part of the contract before you sign. Of course, with solar panel prices getting lower and lower all the time it is becoming more affordable. And with the addition of incentives, rebates, and tax breaks, purchasing is the better option to make sure you get the most value from your solar power system. There are many solar financing options, and we can help you find the right fit whether purchasing or leasing.
When you live in Tracy, you know that the California sunshine is something to capitalize on. With Northern California pushing for more renewable energy sources, now is the time to consider solar installation. Take Advantage of Solar Savings Today How can you benefit from the push to go green and reduce the carbon footprint of the area? Of course, you are probably happy to help the environment and do your part in cutting back on emissions, but saving money along the way is also important. You need to be able to afford to go solar and get those savings down the road after all. Here are some of the ways you can take advantage of solar savings: Net metering - Through net metering, homeowners can get a credit back for any surplus amount of energy their solar panels create, which can then be applied to times when their panels aren’t producing enough to save them even more on electric bills. Local rebates and incentives - Every area, including Tracy, offers unique rebates and often incentive programs available for local residents to take advantage of. These programs and savings can vary. California Solar Initiative - This initiative allows low-income homeowners to get back cash after installing a solar panel system, with some amounts reaching as much as $10,000 for homeowners. Of course, this depends on the location, size of the system and home, and income of the household. How the Bay Area Leads the Way in Clean Energy The Bay Area is known for being a leader in the clean, renewable energy movement, with San Francisco offering homeowners extensive programs and other rebates to encourage the development of more solar energy. SF is aiming large, striving to completely reduce their carbon footprint to net-zero in just over 30 years. These drastic measures speak to the urgency that the Bay Area officials are treating greenhouse gas emissions and the need to reduce them. For this reason, homeowners in San Francisco, Hayward, Tracy, and surrounding Bay Area cities are not only nudged, but incentivized to join the clean energy movement with accessible options like solar panel installation.Don’t wait any longer to join the movement and start saving -- both the planet and your wallet! For a Tracy solar contractor you can trust, look to Semper Solaris.
Going solar can be a great way to save on electricity bills and add value to your home -- especially when the solar investment tax credit (ITC) offers such an appealing discount. Those considering taking advantage of the massive 30% deduction on the cost of a solar panel system should act fast, however, as the credit won’t last forever. In fact, the first scale back on the credit is slated to happen as soon as 2020. That means 2019 is the last year to take advantage of the full federal tax credit along with any California solar tax credits. Timeline for the Investment Tax Credit While some people may not like that there will be major cuts into the federal investment tax credit for solar panel systems, it is important to remember the original establishment of the credit. When the Energy Policy Act that included the ITC was enacted in 2005, it was only slated to last for two years. Numerous extensions resulted in the credit remaining effective through 2016. Even though those extensions were set to expire, many solar and energy experts pushed for an additional extension of five years to allow for the solar industry to grow even more. In 2015, Congress passed a bill that extended the credit all the way through 2021, with some adjustments year to year. Here is the timeline for extended federal tax credit: 2007 - 2016 The first extension on the ITC pushed it through 2016, maintaining the original 30% tax deduction for homeowners as soon as their system was operational. 2016 - 2019 Additional extension pushed through, preserving the 30% deduction based on the entire cost of the solar panel system, allowing for optimal discounts for homeowners. 2020 Any new solar panel system installed after 12/31/2019 will only be eligible for a tax deduction of 26% of the installation expenses. 2021 After 12/31/2020, homeowners and commercial property owners will only be able to deduct 22% of the solar system costs from taxes. 2022 - Onward The new tax credit rate for commercial solar systems will be 10%, while homeowners will no longer be offered any federal tax credit for new systems installed. Keep in mind, newer legislation enables solar energy system owners to claim the tax credit even if the system isn’t fully operational -- so long as construction is completed. The only requirement is that the system be up and running by 2023. Will I Be Eligible for the Tax Credit? Any homeowner who has installed and owns their solar panel system will remain eligible for the full 30% tax credit through 2019 and any subsequent credits the years following.Just make sure to file IRS Form 5695. What if you are not going to have enough tax liability to even claim the full credit? The credit can be split between years, rolling into the next years for as long as the credit is still in effect. Ready to take advantage of the federal solar investment tax credit before it gets cut back? Semper Solaris can help you get the ball rolling. Reach out today.
