What incentives are available to me?
Envirosolar Power solar panel systems are indeed eligible for a 30% federal tax credit. Additional state, local and utility incentives exist in many areas, further lowering the net cost of your investment. With a Free Home Energy Assessment, your expert assessor will bring to light all possible rebates and incentives in your area that are available to you.
Can my electric bill be $0?
Some solar systems produce more electricity than is used each month, depending on the size of the system and energy usage. This effectively bringing net electricity costs to $0. However, there is still a minimal connection fee (typically about $100 per year depending on where you live) to remain connected to the electrical grid through the city.
I am likely to move in the next 25 years, why would I add solar?
While people are moving more frequently than in previous years, this should not impact your decision to go solar. A solar system can save you money in the short term and even pay for itself several times over in the lifetime of the panels. Even if you move before your solar investment is completely paid off, studies show the cost will likely be returned in added value to your home. In several studies, homes values increased by nearly $1,000 a panel. With solar panels, your home is likely to sell faster as perspective buyers see the added value of a guaranteed lower electric bill. Our warranty is of course transferable to the new owner as well.
Will I get paid for my extra energy production if I generate more than I use?
Currently, most of the United States is under a system called Net Metering. This allows your net electricity costs to be reduced to zero, but no further beyond that. In a select few places in the U.S., you can be paid for any excess electricity you create, in what is known as a Feed-In Tariff system. There is a great deal of pressure to move in this direction and could quickly become the norm for the solar industry.
How does the Federal Solar Tax Credit work?
Residential solar is skyrocketing! This is in part to plummeting solar panel prices and general awareness of the need for clean energy. For the first time, homeowners can effectively control their electricity costs by going solar instead of being at the mercy of ever-rising utility rates. Through the end of 2019, going solar is even better thanks to the federal Residential Renewable Energy Tax Credit, which can be worth up to 30% of the total cost of your solar installation. We also have additional information on Solar Tax Incentives.