How You Can Benefit from Housing Solar Panel System

How You Can Benefit from Housing Solar Panel System

 

Find out what benefits exist and how you can benefit from housing solar panel system. It is important that you understand all associated programs, credits, discounts and incentives solar, so you can make the right decision for you and your home. If you work with a solar provider like Florida Solar East, you will have a simple and straightforward solar experience, with experts available to answer all your questions.

 

Roof solar is usually installed as part of a homeowners effort to reduce their utility bills and/or decrease their reliance on non-renewable energy. Because residential solar the systems are designed to use the sun’s energy to power homes and to conserve utility spending, these targets are met reliably. The process by which these end results are produced, net metering is arguably the most integral part of the residence solar experience (next, of course, to the sun).

 

Explore the specifics of net metering and understand its relationship to the goals listed above.

 

Net metering is the process by which local utility companies measure household energy consumption and solar energy production. A standard utility meter only tracks utility usage, so the power company can charge you accordingly, whereas net metering calculates the difference between energy consumption and energy production. When a home produces more than it consumes, utility companies can take the difference and credit homeowners for each “excess” kilowatt-hour they produce. A net meter is installed during your solar setting up the system.

 

Utility companies (and state policy) determine how, when and if credits are given to the owner, as well as the amount of each credit. Some companies monitor monthly, others annually. If a utility company credits customers for generation at the same rate it charges for utility consumption, for example, the net metering rate is one to one. This scenario proves solar be a viable and lucrative opportunity for almost all eligible owners – the system essentially pays for itself! Nationwide, 38 states require their utility companies to offer net metering.

 

Net metering serves several purposes.

 

If the panels produce excess energy during the day, that excess is subtracted from utility usage and homeowners are billed for the energy, not compensated. For example, if your panels generated 80 kWh of excess energy on Monday and you consumed 100 kWh on Monday evening, you would be charged 20 kWh. Alternatively, if you produced 80 kWh of excess energy on Monday and only used 60 kWh on Monday evening, you would be credited for those extras 20 kWh. Do you already see the savings?

 

Credits can accumulate over an entire year for some. Due to the nature of the system, it takes at least a full year (over all four seasons) to accurately assess production versus consumption. The effectiveness of day-to-day (cloudy/sunny) and seasonal (shorter/longer days) variations balance out throughout the year. The accumulation of credits during certain periods of the year constitutes your overall balance. You’ll find that about a year into your installation, your electric bill is almost gone, and that’s because of net metering! You could even take a few steps to use less kWh during the day to offset your utility bills even more, especially if you live in a state like Florida where excess energy credits are calculated at the end of your day. a period of 12 months, and you are effectively reimbursed for the kWh that you do not use.

 

Net metering follows these equations and mediates the short and long term use of solar energy and utility. Net metering programs and benefits play an important role in helping homeowners make the decision to go solar.

 

After the first year of net metering experience, you will have a good idea of ​​how much money solar electricity really saves you money and depending on when tax season coincides with your facility, you might even see more savings through the 26% federal tax credit and other local incentives.

 

Net metering policies differ from state to state, and sometimes, from utility company to utility company. Although some states do not have legislation requiring utility providers to offer net metering, companies in those states likely have something similar or another way to save money from excess power generation. For example, the Texas government does not require net metering, but many large utility companies will buy back excess power at near retail rates. Learn more about net metering policies in your state.

 

In some states, net metering programs may be combined with solar discounts because some utility companies will credit homeowners for having solar systems. Oregon pays solar owners 20 cents per watt in a program for new owners, with a maximum payment of $5,000, which can represent approximately 40% of the cost of a system.

 

The US Department of Energy in the same way other electricity suppliers continue to study and refine net metering. The Solar Energy Industry Association found that net metering benefits not only solar owners, but it also benefits their neighbors because more energy is available and supplied. If you are going to solar but your next-door neighbor can’t, you’ll give him some energy! More solar the systems do not fully compensate for their network usage, but the prices are discounted, some as much as $12 per month.

 

time to go solar is now. The technology availability, low costs and benefits are simply unparalleled, and we want you to take advantage of this opportunity.

 

In addition to our financing products, net metering opportunities, and future savings, Florida Solar East products and services are backed by warranties that ensure your system delivers power to you every hour of sunlight. If your original system doesn’t cover your past energy costs, we’ll upgrade your system for free (conditions apply).

 

Have net metering policies tipped the scales and prepared you to make the switch? Florida Solar East is a top solar installer and we have received several awards based on our merit, customer relations and business practices. We believe the future of energy is available today. Millions of people have made the decision to go solar and the industry is growing rapidly.

 

We would love to help you switch to clean, renewable energy for your home.

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Request a free quote from one of our solar experts today.

 

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