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Top Solar Myths 2020

We hear a lot of solar myths. Here are some of the top ones most in need of busting.

Solar myth  #1: “The government will give you free solar panels.”

While the government won’t cover the cost of a solar panel installation, they do subsidize the upfront cost of purchasing a solar panel system through various solar incentives. The federal investment tax credit (ITC) allows you to claim 26 percent of the cost of your solar installation as a credit towards what you owe in federal taxes.

Solar myth #2: “Solar is only for rich people.” The cost of solar has dropped substantially in the last decade – in 2008, the average cost of a solar panel installation was $8.82 per watt. For comparison, the average cost for solar quoted now is $2.96.

Solar myth #3: “Going solar means going off the grid” It is possible to install an off-grid solar panel system with the use of solar batteries, but the majority of solar panel installations are grid-tied. This allows you to use solar energy produced by your system during the day and draw electricity from the grid after the sun is down.

Solar myth #4: “Solar panels won’t work in the winter.” Solar panels need sunshine to generate electricity. If you live in a particularly cold state that experiences a lot of snowstorms, you will likely generate less solar power in the winter months than summer because of fewer sunlight hours. However, the amount of electricity you’ll generate in the winter will still be enough to enjoy savings on your electricity bill. In fact, during the winter months when the sun is shining, solar panels actually perform more efficiently due to the colder temperatures.

Solar myth #5: “When you go solar, you will get a check from your utility company.”This isn’t true, except in rare circumstances. Most utility companies will have restrictions in place to prevent you from interconnecting a solar panel system that produces far more energy than what your meter history indicates you need. Even if you are generating more solar energy than you’re using, utilities that offer net metering will provide monetary credits towards your future electricity bill, but rarely will they pay these out as a check – more likely, it will remain an ongoing credit on your electricity bill greatly reducing if not eliminating future electric bills.

Solar myth #6: “Solar panels will damage your roof.” Some property owners hesitate in installing solar on rooftops because they worry about possible damage. Luckily, roof damage from a solar panel installation is extremely rare.

For a limited time we are offering homeowners $750 cash when they install solar as a part of a relief fund we put together for our communities! Click the image below to get started in your area!

Pros and Cons of Solar 2020

We first wrote this blog back in 2016, and a lot has changed between then and now. So, we thought it was time to update this article! Some of these changes include: Solar batteries and energy storage solutions have sprung up; The cost of solar has fallen (a lot!); New solar batteries with integrated battery inverters have come out; The federal solar tax credit was extended to the end of 2021; in 2020, a tax credit stands at 26%; Some local solar incentives have gone and some new solar incentives have started; The Trump administration imposed tariffs on solar panels; Net metering has survived in key states but is under attack from utility companies by the day.

1. Marginal cost of generation is zero. For most American homeowners the most significant attraction to solar power is that once the capital cost of installation is paid off the energy is free.Insurance against rising power prices

2.Installing a solar power system on your home means you can lock in a price of energy for at least the 25-year life of the solar panels. You know how much energy the solar panels will produce so that once you get an accurate price quote you know exactly how much each kilowatt-hour of energy will cost you over the next 25 years.

3. Renewable Solar energy is a renewable energy source: NASA estimates that the sun will shine for another 6.5 billion years. Most of us aren’t too concerned out that far.

4. Environmentally friendly. Harnessing solar energy does not generally cause pollution.

5. Geographically widely available. The level of solar irradiation that falls upon the earth varies with the geography of the planet. Generally, the closer to the equator the more solar energy but what most don’t realize is that solar energy can be used anywhere.

6. Reduces electricity costs. With the introduction of net metering and feed-in tariff (FIT) schemes, homeowners can now “sell” excess electricity, or receive bill credits, during times when they produce more electricity than what they actually consume. This means that homeowners can reduce their overall electricity expenses by going solar.

7. Financial support from government/state, You can get a massive 26% federal tax rebate for installing solar panels in 2020 (the rebate drops down to 22% in 2021 and to 0% in 2022). In addition to this federal tax credit, there are also rebates available in some jurisdictions at either the state, county or utility company level.

8. Technology is improving. Technological advancements are constantly being made in the design and manufacture of solar power equipment.