If you live in the South, you know what your electric bill looks like in the dead of July – expensive. Now imagine cutting that price by almost 75 percent or more. By utilizing solar energy, you can subsidize your long-term electricity costs significantly, and at Good Faith Energy, our guaranteed solar energy systems can give you both energy and financial freedom for years to come.
It’s important to be well-informed before making any decisions, and an important part of any solar system is an inverter, a box usually installed in the garage and converts electricity produced from the panels (DC) into the kind of energy required to power home appliances (AC). Your inverter connects to your panel to convert the energy into electricity you can use every day.
There will be times when your panels will make more electricity than you need, and this extra electricity can be sold back to the power company through a system called metering, which operates through a two-way meter installed by the electric company. In Texas, an example of this would be MP2 Solar Energy Buyback Program in which you’re credited for the solar power you export, making long-term buyback contracts available to you so you’re less susceptible to changing power prices throughout the years, and more.
Solar panels, like cars and homes, are not made equally. It’s important to compare models and check prices in order to get the best deal for your home since the panels are most likely to remain on your home for up to 25 years with regular maintenance. That’s where we come in because at GFE, we value quality solar energy at comparable prices. We’ve outlined some of the most important details when deciding on switching to solar energy:
1) An important factor in this process is to consider the age of your roof since solar panels last up 25 years, and if your roof is already significantly older or damaged, it might be a better idea to replace the roof before installing panels to ensure the best long-term solution.
2) It’s good for you to know how long you plan on staying in your home since having solar panels usually increases the value of your home, we always suggest it’s always financially safer to remain in the home until the panels pay for themselves.
3) It’s always a smart plan to explore whether your state offers its own tax incentives, and in Texas, The Solar Tax Credit, also known as the federal solar tax credit, allows you to deduct 26 percent of the cost of installing a solar energy system from your federal taxes. This investment tax credit applies to both residential and commercial systems with no cap.