Let’s talk about net metering. Now, a lot of people have a question. What is net metering? Well into effect? Net metering is the policy that enables your solar to work, and what it means is that there’s essentially a policy across the United States, minus a handful. States that says for every kWh that you put into the grid, you will receive a credit for that kWh. So if your solar system produces 10-kilowatt hours of energy, and it puts those ten-kilowatt hours into the grid, that’s ten-kilowatt hours into the grid that you get back. That’s what net metering is in. It’s an effective policy that is in place across most of the United States. Now. This is important because your solar system produces energy during the daytime, but you use energy as well during the nighttime. So how it works is during the daytime you put in a lot of energy. Into the grid, and it actually rewinds your meter, so you’re banking all those credits and at night you pull that energy off the grid, and you use all the credits that you accumulated for the day, so that’s net metering. It’s an amazing policy. It’s a policy that we all, as consumers and advocates for clean energy, have to continue to fight for. Because it’s a really fantastic policy that’s enabled so much solar and in effect gives you the ability to use the grid as your own battery. So it’s really cool that you’ve got the grid as a battery. Thanks to net metering.
I’m sure you’ve heard a lot about the investment tax credit for solar. Well. What is the ITC? In effect, it’s really simple when you go solar, the government, the federal government, gives you a rebate on your taxes in exchange for 26% of the value of your solar system. Now keep in mind the tax credit is stepping down so that 26% is only for 2020. In 2021, it drops to 22%, so that’s why you want to go solar as fast as possible because when it gets to 2022, the tax credits go to zero, so this is a massive part of the value proposition of solar. If you go solar and your system costs $30,000, as an example. Now, of course, you’re likely financing that, so you don’t have to come out of pocket with any money, but you still get to keep 26% of that $30,000 solar system, or whatever the credit is, so this is important. The way that’s going to work is when you file your taxes at the end of the year, you’re going to include. The cost of your solar system in the government is simply going to send you a check back for that amount, so that is why you want to go solar today, and you want to take advantage of the generous federal subsidies we have to support clean energy and save money as consumers.
One of the questions we get from clients is how do solar warranties work now, there are three types of solar warranties. The first one is on the panels, so when you buy a solar system for power, those panels are warranted for 25 years. Now, what that means is they’re guaranteed to work for 25 years and continue to produce power. So depending on the panel you buy, that production guarantee could be anywhere from 85% of the power they were producing on day one all the way up to 92% if you opt for a more high efficient premium panel. Now, the second type of warranty is on your inverter. Your inverter is what actually transforms the energy. That you get directly from the sun into usable energy AC that can actually power your home and turn on your lights in your coffee maker and help you watch TV and all that good stuff. Now, your inverter is warranted anywhere from 12 to 25 years and a lot of times, we will also include an extended option. For 30 years, which really makes it a complete no-brainer. Now, the third part of the warranty is what’s called the workmanship in our workmanship. Warranty is for 10 years and what that means is all the work that we do on your house when we’re installing your solar system. When we’re on your roof when we’re working, when we’re working inside your electrical panel. All of that work is guaranteed for ten years to make sure that there are absolutely no issues. So between 25 years on the panels, 12 to 30 years on the inverter, ten years on the workmanship warranty. Truly, we’ve got you covered when it comes to protecting your solar investment and making sure. That it provides value to you for the long haul.
Let’s talk about 0 down financing. Now, this is one of the biggest questions everybody has in solar. How do I pay for it? And the old misconception was that it actually took cash. To go solar and people thought well solars expensive because I have to spend this upfront cash, well it could not be further from the truth. Today, in fact, solar is the least expensive option to get energy in most of the United States. He probably just didn’t know that. And the reason that makes it so simple is zero-down financing. There are two primary ways to finance your solar system today. Number one is a low-interest rate loan, and number 2 is a lease, so let’s talk about both options. So a zero-down loan means that you can choose a loan term whether it’s five years, ten years, 15 years, 20 years, or 25 years. We offer all of those, and we offer them at the most competitive APRs possible. Now when you go solar with a zero-down loan, what that means is you finance the system through your loan provider in instead of paying a monthly bill to your utility, you simply pay a less expensive monthly payment to your loan provider. So you get to keep the difference. If you’re saving 1020 thirty $5000 a month, that’s money right back into your pocket. But what’s even better about the zero-down loan option is that every one of those payments is equity in your solar system. Think about it; it’s just like your house. Why does owning a home lead to wealth creation? Because every single payment you make on your mortgage is equity in your home and one day when you go to sell your home, you’ve you know if you’ve paid off most of that mortgage, you get all that money back, so it works the same way with the solar system. Every time you make a payment on your solar system. You’re paying down this 2030 forty $50,000 acid on your roof, and when you go to sell your home. Guess what? Do you get that money back? You sell your home for a lot more because it has a solar energy system on it, and all those payments you made were equity, and now you get it back. So by far, this has changed the game of solar and just flipped the equation so that. It makes no sense to not go solar financially. I mean, you own an asset; you’re saving money. It increases your home value. Let’s talk about the other option. For some reason, if you can’t get alone, a lot of times, people will do a lease. This, may be because you don’t have a tax liability, and you can’t keep the tax credit or something like that. Elise is extremely simple. It’s exactly like it sounds. You simply lease the system, so every single month you’ll pay a lease payment, and you’ll pay that. Usually over 20 years. And it’s that simple. Your lease payment is going to be less than what you used to pay your utility bill, and you’re saving money every single month. On your electric bill now, whatever way is best for you, that’s what we’re going to help you figure out. So when you get a proposal from us, our consultants are going to sit down with you. They’re going to show you all the different options, are going to show you what’s best for you. They’re going to show you how much money you can save, and we’re going to make it as easy as humanly possible for you to understand. And make your decision. But I am so thankful for zero down financing for solar in what it’s done for solar energy because it’s the reason why hundreds of thousands of people are going solar every year, and it’s just getting started. I can’t wait to share your personal proposal with you soon and see if we can help you get on the solar train.
Let’s talk about how solar increases the value of your home. Now, this is a proven fact. There have been all sorts of studies conducted on this by Realtors. Berkeley Lab is a United States national laboratory that conducts scientific research on behalf of the Department of Energy.
Berkeley conducted a very famous study, but let’s get into it. Solar increases the value of your home well number one. It’s a home investment that actually produces money. It produces income. So think about this. When you invest in remodelling your kitchen or building a new pool, does that produce income? No, it doesn’t. You know a lot of times it costs more income, right? You’re running a pool doing this, doing that, whatever. But a solar system sits on your roof in Prince electricity. There is a value for electricity. How much do you spend on electricity every month? So once you actually go solar, you have an asset that sits on your roof to Prince electricity for the next 20. To 40 years, it’s as simple as that. That’s why it increases the value of your home, because when that system is up there, whoever owns that home is going to get 10s and 10s and 10s and 10s of thousands of dollars of electricity for free for however long that that system is in existence. So depending on the size of your system, it could add anywhere from 10-15 twenty, thirty-forty, $50,000 in value to your home, and it’s another amazing reason to go solar today so that your home is worth more. And if you do want to sell it, you get paid more for it.
So how do you know your home is eligible for solar? This is a fantastic question. Not every home is eligible for solar, so cross your fingers, and let’s hope you’re one of the lucky ones and you can save money. Yeah, there are three main points. Number one is called sun exposure. Does your roof or wherever we’re going to put your solar system get enough access to the sun so one of the things will do is will analyse from satellite and use some other technical tools to make sure that you’ve got what’s called proper solar access, and there’s a percentage we’re looking for which. As long as you got that, you’re good to go, number two is orientation. What direction is yours? Are your panels facing? And if your only location is sometimes your roof, you know what we’re really looking for. Ideally, is east, South, and West-facing orientation because that’s where. The most sunshine hits. Generally we don’t put panels on north-facing orientation because it just doesn’t get enough sunshine in some cases. In some cases it actually does, but we have to analyse that in a case by case basis. So you’re looking for the right sun exposure. You’re looking for the right orientation, and then there’s just number 3. Are there any structural issues with your House or your rafters under your roof? It’s sort of not, you know, built to code for solar is your roof material or roof type. Something that you know you really can’t install solar on, which you know is not common at all. Most homes you can, but. Depending on the unique situation of a home, sometimes we have to take those things into consideration. So all of this is what we determine for you. We’ve seen over and over and again people make really poor judgment calls, when in reality you know the software and the satellites in the tools can tell you with. Total precision, exactly how many kilowatt-hours every square inch of your rooftop can produce, so that’s why it’s so important to get a proposal from us and see how much money you can actually save. And if it turns out that it doesn’t work for solar no harm done, you got educated. And you know it is what it is. But that’s the reason why I encourage you to reach out. Get a proposal from us, so we can actually do the hard work of analysing your roof and showing you exactly how much money you can save by going solo.
So what happens when you sign an agreement to go solar with power? Honestly, that’s the hardest part. That’s the most work you have to do is just looking at your proposal and saying, Yep, this looks awesome. Let’s do it. Once you sign that agreement, or we’ll set in motion. So every single project has a dedicated project coordinator, and the first thing that we’re going to do is schedule your site survey. A site survey technician is going to come out to your home. They’re going to analyse your roof. They’re going to look at your sun exposure. They’re going to look at your main service panel and chart the course for the system and the components and all that good stuff. When they come back, they give us all the information they got from your site survey and our engineering department hops into gear. We’re going to create the. Plans to submit to the city on your behalf or we’re going to submit those permits to the city and once they get approved, that’s when we can actually come out and schedule your solar installation. Now to be transparent, that’s the part of the process that we don’t control, so a lot of the time we’re waiting on the city and depending on where you live if you have a really fast permitting office. Sometimes we get permits approved on the same day or in the same week. Sometimes we have to wait 30 days, it just is what it is. You know it’s bureaucracy. We work with it everywhere we go and it’s all good. Once we get that permit back though, that’s when we move to get you on the installation schedule as quickly as possible. Typically it’s going to be about 7 to 10 days before we have an open spot. We’re going to reach out. We’re going to confirm it works for you. The install itself only takes one day on average. If you have a really large system or a really complex system that we’re installing for you, it could take a little bit more, but by and large. All of our installations were usually one day, so we’re not in your hair long were there were on the roof were out of there, and the last and final piece before you’re actually saving money is called inspection. So once we complete installing the solar system on your house, we schedule with the city inspector. Your local is going to come out. Or sometimes the utility comes out, performs the inspection, and they will grant what’s called permission to operate PTO. And once you get PTO, that’s it, you’re good. All the energy that you’re generating from your rooftop is now flowing back into the grid, rewinding your meter, giving you credits. You’re saving money. You’re producing clean energy, your energy independent, and you are set up for decades of positive energy from solar power. So it’s really a fun, simple, easy process. We’re here to make it so simple for you that you’ve literally got nothing to do, and that’s how you go solar with power, so we can’t wait to help you.
At Power, our number one mission is to accelerate the adoption of clean sustainable energy worldwide because to us it is more than just about selling solar panels. Learn more about the causes you will help support by choosing Power as your solar energy provider in this brief video.
Let’s talk about batteries now. There’s been a lot of buzz on battery technology lately, and we often hear from our clients. Should I get a battery? And the answer is maybe, it really depends on what you want. And whether or not the battery is going to add value to you at this time. So there are two primary ways that homeowners benefit from owning a battery. Now the first one is just backup power. So this is if the grid goes down. If disaster strikes if there’s a hurricane in your area, or a fire, or. All the things that we’re all dealing with now on a much more common basis, having a battery will backup your home so you know that’s one of the number one reasons why people opt to choose to pair solar with the battery. And we can do that for you. No problem. We’ve installed hundreds and hundreds of battery installations. Number two, oftentimes you can actually save money by getting a battery if you live in. This isn’t for everybody, but if you live in a utility that has what’s called the time of use rates in certain utilities, you pay more for energy during specific times. So for example. Where I live in San Diego, we pay more for energy from 4:00 to 9:00 PM, so that’s what’s called the peak time of use and a battery can actually help offset those peak power rates. So instead of pulling energy from the grid from 4:00 to 9:00 PM, your battery would actually. Discharge that energy into your home from 4:00 to 9:00 PM so you would avoid paying the most expensive rates from your utility. So if you’re a homeowner that lives in an area that has time of use rate in, you’re interested in battery backup, making sure that you’re protected. If the power goes down. Looking at our battery options might be. A really great idea, but our batteries required, you know at this point they’re not because of the wonderful policy we have with net metering. Essentially, the grid acts as your giant battery, so every kWh that you generate from your solar system gets stored in the grid, and then you pull it back off. In net metering, make sure that you always get credited for that, so that’s information about batteries. I hope that was helpful for you. You could ask your power consultant more information and they’ll be able to give you a detailed proposal of exactly how much a system will cost with the battery. If you’re interested in one, and we work with all the biggest battery manufacturers, and we can absolutely make sure. That you get taken care of whatever way is best for you.
Really, when it comes to your future with Energy you only have two options. Number one is you go solar. You choose to actually take control of your power, take your power back, spend less for solar energy in the energy you need for your home than it currently cost you to get that from your utility. Increase the value of your home. Be energy independent and do the right thing for our environment. For goodness sakes, let’s put. The sunshine doesn’t cause pollution, right? So let’s stop polluting our air or land or water and let’s start powering our lives in a way that as Americans, we can really be proud of. We can be proud of doing the right thing. We’re taking care of future generations and when history looks back on the actions we took. They’re going to know we did the right thing, so that’s option number one, and with power we make that incredibly simple for you. 0 down financing handling the entire project from start to finish. There’s really nothing you need to worry about. We’re going to take care of it for you now. Option number two is you don’t do anything. You just stay with your utility and you already know what that is. Yeah, your lights are probably going to turn on unless there is a big power outage or something, but you’re going to spend a lot more for that energy and you’re gonna keep paying utility every single month, month after month after month, till the. Say you die, so just think about it. Are you ever not going to need energy? Unless you’re planning on moving to a Hut in the woods, you’re going to be spending money with your utility company. So why? Why not go solar? Do it for less and produce your own energy? And by the way, once that loan payment is paid off, if you do use a zero-down option, there’s no more payment. You just have free energy. Imagine if you weren’t spending anything on a monthly basis for energy, and that’s where you can get to with solar versus being stuck in a lifelong expensive contract forever with a company that you probably don’t even really like. Be honest. Do you like your utility company? Do you feel like they’re taking care of you? They have your back. Well, I can tell you that our sincere aim is to serve you. We want to be a better energy provider. We want to save you money. We want to help you feel proud about how you power your home and we want to get you all the best equipment, the best technology to set you up for the future. So those are your two options and I leave it to you to choose from. The one you want to do, but I truly in sincerely hope that you go solar with power and you let us help you save money and accelerate a sustainable energy future for mankind.
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