Skip to content
Switching to solar power is a big decision for many households. Determining the economics of solar is of utmost importance in making that decision. The full-picture economics—not simply the price tag of the installation—is what we outline in this post.
Even as recently as 15 years ago, the economics of solar PV did not make sense for most homeowners, let alone municipalities or big commercial enterprises. Solar was not as efficient, it was costly, and storage of excess sun power was a big issue; all of these factors meant that solar’s payback was decades.
These days, solar panels are 25% … Read More
Net metering is a beautiful thing for homeowners with solar arrays on their property. But what is it, exactly, and why is it so beneficial for you? We get asked these questions quite frequently. Another question we get asked is “Do I need a battery system with solar?”
Virtually every home in Virginia is connected to the power grid. When you install a grid-tied solar photovoltaic (PV) system on your roof, the system hooks into your house’s main electrical panel and feeds electricity directly to your appliances, HVAC, lighting, etc. But your home remains connected to the power grid, just … Read More
Deciding to install solar panels on your property is likely to be a major financial decision. Along with the substantial long-term financial benefit of getting your power from the sun for free, there is the upfront cost of the solar photovoltaic (PV) system to consider. Customers are keen to know what solar incentives are available to them as they decide how large a PV system to install on their roof.
Federal Investment Tax Credit
The most important and impactful financial incentive for solar is the federal Investment Tax Credit (ITC). The ITC is a dollar-for-dollar tax credit that homeowners apply … Read More
error: Content is protected !!