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Our Most Frequently-Asked Solar Questions

PART 1 OF 3: COST & SAVINGS

Here is a quick video that discusses a few of our cost and savings frequently-asked questions; keep scrolling to see the full list of questions and answers are below.

This is PART ONE of a THREE-PART series of answers to your solar questions. Over the next two months, we’ll be bringing you additional answers to frequently-asked questions regarding Function & Performance and Solar & Your Home. Make sure to check those out to see if we can help answer all of your solar questions.

Many homeowners start thinking about solar energy now, when the sun is hottest, the days are longest, and the potential for harvesting energy is greatest. As a home services company and premier solar provider in Utah, we get a lot of questions from our regular customers, asking for some straight answers on solar. They want to know how it works and whether or not it’s a good fit for their homes. Because we have been in the home services industry for over 57 years, we want to make sure our customers are getting unbiased, honest answers. Here are just a few of the most common questions we hear from our solar customers; however, our certified electricians and solar experts are happy to answer any additional questions you may have that are specific to your home and your individual solar needs. 

Quick Menu

Will I stop receiving bills from the power company?        [back to top]

No. Going solar will dramatically decrease your power bill; however, your home is still connected to your city’s power. During the night, or on cloudy days when the sun isn’t providing much light, your home will still be able to draw from the city’s power supply. But on sunny days, when your solar power system is providing abundant power for your home, the excess power is actually put back into your city’s power grid. This excess power will show up on your bill as a credit every month. So, it all depends on the size of your solar system and your production versus consumption. 

How much will a system cost?        [back to top]
It depends on your needs. Every home is different, and so are every home’s energy needs. Depending on your solar array and how many panels you decide to purchase, this cost can fluctuate quite a bit. Have an Any Hour solar expert come to your home to do an energy assessment and give you a free price quote. Or, if you’ve already had a solar representative in your home, please allow us to come and give you a second opinion absolutely free.

How long will it take to recoup my investment?        [back to top]

It depends on your energy consumption and the solar array you end up installing on your home. It also depends on how high or low your existing power bills are. Have a solar expert come to your home to do an energy assessment--it’s absolutely free and will answer any questions you might have about how a solar system will work for you and your family. Your solar expert can also explain how you can take advantage of federal tax incentives to make your system even more affordable.

How do tax incentives work?        [back to top]
When looking at possible government incentives, there is key information that every potential solar customer needs to take into account. First, it’s important to note that this incentive is a tax credit and NOT a rebate. So, to even qualify for this incentive, you must be a federal taxpayer. For example, those on Social Security, disability, or those in other tax-exempt situations do not qualify for the incentive. Second, this is not an instant rebate on the price of your system. It’s a tax credit. So, if you are expecting a 30% subsidy on your solar system, that’s actually not the way this incentive works. Also, while primary and secondary residences do qualify for the tax credit, rentals may not qualify. For specific advice on how this tax credit might help you in your specific circumstance, it’s always best to seek the counsel of a professional tax/financial planner or contact the IRS. For more information, go to Energy.gov or EnergyStar.gov.

Will my net metering rates change?        [back to top]
Currently, you can earn net metering credit for the power you produce on your home rooftop solar system. However, solar legislation is constantly changing. So, if you are considering going solar, sooner is definitely better. For example, there will be a cap on new solar applications for the next three years, as well as a few increases in application fees for the net metering program. Additionally, In the year 2020, the current net metering structure will be revisited. In the year 2035, all rates and rate schedules will again be renegotiated. So, if you want to be grandfathered into the current favorable solar market, it’s advisable to take advantage of the net metering program as it currently stands.  



Are there additional incentives?        
[back to top]
Occasionally, local utility companies will offer additional incentives and rebates to solar customers. Check with BOTH your local utility company and your solar company to see if any of these programs and incentives are available to you. Some companies may tell you that you qualify for certain incentives; however, legislation is constantly changing as the solar market grows—and what might have been true a few months ago may not be the case any longer. For example, in Utah, Rocky Mountain Power used to offer a rebate to new residential solar customers. They have since discontinued their Utah Solar Incentive Program. Check in to make sure you are coming into your solar decision with all the most current and correct information.



Be sure to check back next month for Part Two: Function & Performance in our solar frequently asked questions series.


 
Author: Amber Smith-Johnson
Copyright © 2018 Any Hour Services

Posted: June 29th, 2018 @ 12:00am by tammy