What is the 30% Federal Tax Credit?
First implemented in 2006, the solar Investment Tax Credit (ITC) is a 30% federal tax credit for residential, commercial and utility scale solar systems placed in service prior to 1/1/2020. The credit is a dollar for dollar reduction in the income taxes of the customer claiming the ITC, worth 30% of the basis invested.
What is Net Metering?
Net Metering enables residential customers who generate their own electricity to pump excess electricity back to the utility's power grid. All electricity not used by the home and sent back to the grid is credited at a 1-1 retail rate. The utility effectively becomes a built-in battery for the solar system.
Will I still receive and electric bill from the utility?
Unless your solar energy system is outfitted with battery storage and you are completely off the grid you will still receive a bill from the utility. That being said, you can reduce your bill significantly or even lower the total amount to $0 when the solar system produces as much electricity as your house consumes
Solar system produces electricity if the suns down?
The amount of solar power your system generates depends on the level of sunlight it is exposed to. Thus, your solar panels will produce slightly less power on a cloudy day than a sunny day and no energy at night time. Our solar designers utilize a sophisticated program that looks at 50 plus years of weather data to determine the estimated average amount of solar a homeowner can expect in a year.