What's net metering?
“Net metering” is what happens when you make more electricity than you use. When this excess energy pours over into the grid, it’s counted up, and after a certain amount of time, lowers your power bill. Or, you can use the excess power you put into the grid at the wholesale price you put it in for.
Net metering is offered in the state of Virginia and enrollment is open to a first-come, first-serve basis. So act quickly and take advantage of it while it’s available.
When will I see a return on my investment?
Depending on the size of your project and initial investment, you could start seeing an ROI immediately. This depends on how much your initial costs were and how much energy your system creates.
If you take advantage of available tax credits, your actual investment can be made back in as little as four to six years and potentially less time if you install your own system.
Additionally, those concerned about selling their home prior to their solar panel system being paid off should know that solar panels actually increase a home’s value. According to the HUD, for every $1,000 a household saves on energy, the home’s value increases by $20,000.
Do I need a tracking system to follow the sun's pattern?
Our solar panels are properly positioned to maximize the sun’s energy when they’re first installed. Therefore, they don’t require an additional tracking system to follow the sun’s pattern.
Some systems can have added components that allow panels to change position throughout the day as the sun moves. However, these rarely improve energy efficiency enough to justify the cost.
A more cost-effective solution is to add one or two more solar panels. This will allow for increased energy production and you’ll benefit from financial rebates.
Can I claim solar panels on my taxes?
Yes! When you install a solar system, 26% of your total project costs (including equipment, permitting, and installation) can be claimed as a credit on your federal tax return in the year installation is completed. So if you spend $10,000 on your system, you’ll owe $2,600 less in taxes the following year.
So keep all your receipts—the more you spend on your solar conversion, the larger your tax credit.
Learn more here.
How is the installation process?
With our licensed installers & electricians, we make the solar panels installation process simple. It starts by complying with all state and city laws, certifications, and restrictions—so you’ll never have to worry about code compliance with the local utility company.
Then, we’ll design a grid-tied solar panel system for your home. During the free site assessment, our professional consultant will analyze your power bill and design an efficient solar system based on your monthly kWh usage.
Learn more here.
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Looking for solar installation services in Virginia Beach, Chesapeake, and Norfolk? Give us a call at 757-988-7777 today! Our experienced team is ready to help you with the Federal Tax Credit and guide you through our low-interest financing option.