Residential Solar Energy
Reap the following benefits when you add a solar energy system to your residence:
- Reduce utility bills
- Avoid increasing energy costs
- Gain independence from the power grid
- Boost property value
- Help save the environment by reducing your carbon footprint
When searching for “solar panel installers near me,” reap economic and environmental benefits from going solar with Current Home.
For many homeowners, going solar is a way to save money on their utility bills in the future. Some of your home’s electrical needs can be met by solar panels, if not all.
Your monthly savings will depend on a variety of factors, such as:
- The size of your system
- The amount of power generated
- The amount of electricity you use
- Your local utility rates.
Additionally, if you transmit extra solar energy back to the grid, your electricity supplier will reimburse you through credits on your account under the net metering rules in your state.
Return on Investment
Whenever you spend on major upgrades in your home, you expect to recoup some of it to justify the investment. With a solar panel installation, the ROI comes from energy cost savings after paying for itself throughout its 25-year lifespan.
If you plan to sell your solar-powered home, expect to fetch a market price of 4.1% higher than homes without solar panels.
Commercial Solar Energy
Newly constructed commercial premises in California will be required to have solar panels starting in 2023, according to the state’s new law. It’s a good idea to think about getting solar while it’s awaiting certification for a variety of reasons.
WHY SHIFT TO SOLAR FOR YOUR BUSINESS
Switching to solar energy can be a strategic business decision with long-term benefits, allowing you to:
- Cut down on operating costs by using solar-generated electricity instead of consuming power from the grid at high-tier rates during peak demand
- Earn federal tax credits of up to 26% of an installed PV system and recognize 100% depreciation on the first year of solar installation
- Get credits equivalent to the value of generated power fed back to the electric grid through net metering
- Have more control over your expenses, especially on utilities
- Improve your brand image as eco-friendly
- Increase property value
- Offers a reliable source of power during operating hours, particularly in areas with frequent blackouts and power shortages
A solar energy system can help your business save money on electricity expenditures, which can account for a significant amount of operational expenses. Some businesses save as much as 75% on their utility costs. However, how much you save will largely depend on the size of your solar energy system and the amount of electricity it produces. It’s best to consult with solar company installers to determine how much power you can generate for your commercial property.
If you’re considering purchasing a solar energy system, you probably want to know how much of a return on investment you can expect. You can recoup 100% of your solar installation costs through savings in energy costs, tax credits, and net metering credits. The system will pay for itself in 5 to 8 years, so it’s well worth the investment.
Solar Panel Installation
Working with reputable solar installation companies is essential to getting the most out of your investment. During your consultation, they will give you an estimate and go over the differences between residential and commercial solar installation projects:
- Efficiency: Components in commercial systems can make them up to 2% more efficient than in a home system. Ask your installer if there will be significant differences in energy efficiency if you choose to install a commercial system for your home or vice-versa.
- Size: Solar panels used in commercial applications are bigger than ones for residential use, often consisting of 96 cells and measuring 78 by 39 inches. Residential panels only have 72 cells and measure 65 by 39 inches. The bigger the panels, the more electricity they generate.
- Installation: It takes longer for a commercial solar installation company to put the system in place, sometimes taking up to a month to complete. But for residential installations, it only takes a few days. The difference lies in the numerous electrical systems in buildings compared to homes.