Believe it or not, solar has become an incredible option no longer just for the wealthy but a great opportunity for any individual aspiring to experience the independence of harvesting their own energy. The big benefit of going solar results on individuals having the opportunity to control their own monthly bills with the promise of making a long term investment.
The value of going solar takes action in different aspects, from financial to environmental. According to Conserve Energy Future there are ten strong reasons why solar energy is still a top choice for homes and businesses. One of the main reasons why businesses are now considering going solar is because of the amount of savings they are gaining. For example, on average, the process of installation of a solar system is cheaper compared to the installation of a grid electricity, as well as the fact that once the solar energy system is installed, the solar power harnessed operates by itself with no additional costs. This increases awareness throughout businesses that want to invest and work on long term projects with return of investments.
Other reason why solar has so much value is that it creates a cleaner environment and encourages our society into a self sustainable future through renewable energy. This has become such an important issue to address in our communities as we have seen how global warming is affecting not only our environment but also the way we live. This is why the value of going solar has become a better innovative solution. On the contrary, other traditional forms of energy have caused harm with the accumulation of carbon emission into the atmosphere.
The common misconception is that solar is too expensive and requires money upfront to get started. This may have been true a few years ago but thanks to the Energy Tax credit that applies a 30% credit of the total cost of the system that you receive after filing your end of the year taxes. Combined with our low prices which are an average of 30-50% lower than other companies system for the same if not better top tier systems.
So do you have empty out your piggy bank to go solar? The answer is no, however that may be true to other solar panels installation companies. But at PEG Energy we do not charge any upfront cost, no hidden fees or anything as such. We strive to make solar an easy transition to every home owner, as such, the first payment for your solar system isn't due until 30 days after the system is completed and turned on.
Going solar can actually help make you money in the form of savings. We custom tailor each system to be lower than your current payment for electricity and for the system to provide you a 100% solar offset for the most savings. In addition we also offer our referral program that awards $200 per home owner that you refer and go solar with us.
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How does solar net metering work?
When a home owner first gets a solar panel system they have to check if their current electricity provider currently provides a buy back program, which allows solar owners to both sell and buy electricity. Some electric companies have different rates, Green Mountain for example, provides a equal buying and selling rate.
Why is it important to have the same buy back rate?
Because in order for the system to make money for you in the form of savings electric bills, companies must be willing to both buy and sell at an equal rate to maximize the savings a home can produce with solar.
Just like the stock market you are buying and selling, during the day your system is over producing and selling back to the grid. Then at night time you are buying back, and we custom tailor your systems in order to sell more energy than you buying back and that is the reason why you are able to receive negative electric bills, which results in savings.
When a battery is installed, net metering works as putting some energy you use into your home, other you store in the battery and the rest you sell it back to the grid. This is to ensure when in the event of a power outage your battery kicks in and is able to back up your energy usage during it.
Interest rate for Solar
There are three main things to consider when it comes to the monthly payment of your loan: interest rate, principle and interest per payment. Our solar clients typically benefit from an interest rate of 5.99%; however, with excellent conditions that could go down to as little as 2.99% according to the National Renewable Energy Laboratory. Even on the high end of the interest rate spectrum which could be up to 8% is it still worth it? The answer is yes, why is that? Well compare that to the current interest rate that you are currently paying for your electric bill. That's 100% interest, no principle, no ownership what so ever. Not only would you benefit from being able to produce your own energy, you get to own that system and that is largely a great return on investment. Our tailored solar systems are priced lower than your per month electric bill. How soon do you start saving? As soon as you say yes to solar. Request a free quote to see your custom solar system with all the information needed to make a calculated decision.
There are many ways to create energy we use in our
everyday life. However, all those methods of creating
energy are ultimately possible because of the Sun.
All the energy sources we use are solar power, oil, coal and natural gas it's just old decayed plants and swamps that originally got their power from the Sun using their leaves and photosynthesis.
Even things like wind turbines are solar powered because the wind blows when the Sun heats up the atmosphere unevenly.
As humans we are even solar power because we get our energy from plants or animals that ate plants which again get their power from the Sun. Coal, Petroleum, Natural Gas, Hydro, Nuclear, Oil, Wind and Solar are the main ways we are currently producing energy. These methods are indirectly getting energy except for Solar. Solar is the most direct way of getting energy from the sun and is a positive alternative to better our environment.
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Many people looking to go solar often find themselves asking how will their solar system hold up to the natural elements of the environment. Rest assure, solar panels are built to last for decades at a low maintenance.
In the event of a storm with high winds and perhaps hail falling the solar panels are able to hold up. In most cases it is often the areas not covered by the solar panels that are damaged. Have doubts? You can simply check your monitoring system that's included in your solar installation in which you can see how your solar system is producing. Just like a home security system we can also check the status of your solar panels and will notify you if anything is wrong.
Solar panels can last for decades, just like a car if it is properly taken care of, it will last longer. As stated above, the solar panels basically maintenance themselves with the rain, but debris could get stuck or cover your system from properly producing energy. If that's the case we are simply a call away to help fix any issues.