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Welcome To The Clean Energy Revolution At Panasonic And 1st Alarm Solar
You probably know Panasonic has been making the world a better place for a hundred years. We've also been pioneering solar power since the green movement began way back in 1975, when only a few companies were exploring alternative energy sources. That’s over 43 years of solar power innovation. Okay, I know what you're thinking. What makes one solar panel better than another? They all look the same, right?
Well, strangely enough, when solar panel temperatures rise above seventy-seven degrees Fahrenheit, solar panels actually begin to lose power output. This decline is measured by temperature coefficient which is why temperature coefficient may be one of the most important factors to compare when shopping for solar panels. With the lowest temperature coefficient on the market, Panasonic HIT solar panels produce more electricity in high temperatures compared to all other competing solar modules. Next, a low degradation rate can make the difference between a good solar investment and a poor one. A low degradation rate equates to a higher return on your investment. You see all solar panels work pretty well when new but then as time passes performance declines. Panasonic HIT panels provide one of the lowest degradation rates available which is why we guarantee a minimum 90.76 percent rated power output after 25 years, substantially more than other panels. That's less than ten percent degradation over two and a half decades. Get more power on your roof. High efficiency Panasonic HIT solar panels realize 27% more power compared to conventional solar panels on the same roof space.
Over the lifetime of your Panasonic system you'll produce more electricity and save more money year after year after year, and best of all your Panasonic solar modules from 1st Alarm Solar are covered by our warranty. Backed by a century of stability, our comprehensive warranty covers performance and workmanship for 25 years.
Why wait any longer when you can substantially reduce or completely eliminate your electric bill now. Call 1st Alarm Solar, your local Panasonic installer, for a no-obligation consultation today.
What Are The Financial And Environmental Incentives For Installing Home Solar Power Systems?
It seems obvious that home solar power systems would be good for the environment. What might not be so obvious are exactly how those environmental benefits are realized. It might also seem obvious that home solar power systems can save money. But again, the significant financial benefits in the form of real savings you can realize over the lifetime of your home solar power system might not be so obvious or readily measureable.
Home solar power systems can save you money
With so many investment opportunities involving new products promising tremendous savings, it’s easy to be skeptical of some if not most of these new offerings. Home solar power systems, while one of these new products, offer and deliver real money savings by reducing your electric bill. This benefit alone is perhaps the singular main appeal and selling point for home solar power systems. The simple answer to the question “does installing a home solar power system really save you money?” is YES. While the number of direct hours of daily sunlight and the size and angle of your roof are both important factors in determining the amount of realized savings, local electricity rates play the biggest role in determining how much a home solar power system can save you. These rates have and will continue to increase which in turn means your savings will increase over the life of your home solar power system. A home solar power system is your opportunity to invest in your future and get ahead of the energy costs game.
How much can home solar power systems save on your electric bills?
To understand how much a home solar power system can save you, first determine how much you are currently spending on electricity every year. Based on recent research, the average U.S. household uses approximately 11,000 kilowatt-hours (kWh) per year. At the time the research was performed (November 2017) the average national electricity rate was $0.1301 per kWh. With these statistics in mind, the typical American family is spending nearly $1,500 a year on their electric utility bill alone.
Given the historical performance of your local electricity provider and the rates they charge, this annual average cost has continued to increase and is very likely to increase even more in years to come. Over the past decade, national electricity costs have increased at a rate of 2.2% per year. Home solar power systems allow you to generate your own electrical energy. The benefit of generating and owning your electrical power means you can essentially lock in you energy costs and will no longer be the victim of variable utility rates.
The investment cost of your home solar power system is a one time costs to purchase and install your system. The only other cost associated with your home solar power system would be the electrical energy you must purchase from your local utility company in the event that your home solar power system does not completely offset 100% of your electricity use.
Do you still have an electric bill after installing a home solar power system?
Even if you install a home solar power system of sufficient size to offset 100% or your home electricity use, you will still receive an electric bill from your local utility company as long as your home remains connected to their electrical grid (grid-connected). This doesn’t necessarily mean that you will actually owe the electrical company any money. In fact your bill might be a statement of how much money the electrical company owes you. This is due to a policy called net metering. Energy that your home solar power system produces that you don’t use immediately can be sent back (or sold back) to the electrical company’s grid in exchange for credits on your electric bill. You draw electrical energy from the utility company’s grid during the night (when the sun isn’t shining and thus no power is being generated by your home solar power system) and then during the day when you are generating power the unused energy your home solar power system generates is returned to the utility company’s grid. Whenever the amount you draw from the grid is less than or equal to the amount you return back to the grid, the credits you earn completely offset your electric bill and can leave you with credits to carry forward. The monthly bill you receive from the electric company will reflect your net metering credits and your balance due (if any) since you won’t be charged for usage that is offset by energy your system returns to the grid. Only the electricity you pulled from the grid that wasn’t offset by net metering credits is where you might see small charges for electricity.
So YES, you will still receive an electric bill when you install a home solar power system. However, you may not owe anything to the electric utility company and your bill will simply indicate how your usage was offset by net metering credits for the month. If you are able to return electrical energy to the grid than you pulled from the grid, your electric utility company will roll over your unused bill credits to the next month for you to take advantage of. By installing a home solar power system and taking advantage of net metering, you will almost certainly see lower average monthly electric bill charges and might possibly eliminate these charges entirely.
Typical savings example
Here is an example of a typical 20-year savings estimate for electricity bill savings based on installing and owning a home solar power system. The basis for this example are: a 6 kilowatts home solar power system (the national average) purchased and installed at an average cost of $12,390, Electricity demand of 11,000 kilowatt-hours per year (the national average), Home solar power system meeting 93% of the home electrical energy consumptions (marketplace average), Electricity rate equal to $0.1140 per kilowatt-hour (average as of November 2017 according to EIA), Utility rate inflation: 2.2%. The 20-year savings estimate is $13,720.
Home solar power systems are good for the environment
Financial savings are a perhaps one of the major incentives for installing home solar power systems, but money isn’t the only thing that your home solar power system can help save. Home solar power systems are also good for the environment and reduces greenhouse gas emissions. So when asking the question “How much can a home solar power system save?” , two answers must be given. Namely, certainly the amount of money that is saved through reduce electrical utility costs and the amount of carbon dioxide (CO2) that is saved by not being emitted into the atmosphere.
The Environmental Protection Agency provides a formula to help you calculate how various green practices result in carbon emissions reductions. The below table converts solar energy production into greenhouse gas offsets using the metric converters 7.44 × 10-4 metric tons CO2 / kilowatt-hour of energy produced and the national average for solar panel production ratio, 1.42 kilowatt-hours / watt of power.
CO2 Reductions by Solar System Size
REDUCTIONS PER YEAR
A typical vehicle emits approximately 4.7 metric tons of carbon dioxide (CO2) every year. A 6 KW home solar power system easily offsets the emissions produced by one typical vehicle in a year. In effect, installing home solar power systems effectively reduces (or saves) the CO2 emitted to the atmosphere comparable to removing one vehicle form our roads each and every year a home solar power system is in operation.
Everything You Need To Know About The Federal Solar Tax Credit
Homeowners have a big incentive for investing in home solar power systems. The incentive is the Federal Solar Tax Credit, also known as the Investment Tax Credit (ITC). This tax credit makes makes solar energy more affordable for all Americans.
What is the federal solar tax credit?
The federal solar tax credit allows you to deduct 30 percent of the cost of installing a home solar power system from your federal taxes. There is no cap on its value so you can install the system that is right for your needs and still take advantage of the federal solar tax credit.
Solar tax credit savings example
An example of the kind of savings available thanks to this ITC in 2017 alone, the average homeowner who installed an average sized home solar power system saved over $5,000.
What does the federal solar tax credit extension mean to you?
The federal solar tax credit (ITC) was originally established by the Energy Policy Act of 2005. Through a series of extensions the expiration of this tax credit was pushed to the end of 2016. Experts agreed that this tax credit was important to enabling solar industry to reach its full maturity and as a result, the spending bill passed by Congress passed in December 2015 ultimately made this tax credit available to homeowners in some form through 2021. Here are the specifics:
- 2016 – 2019: The tax credit remains at 30 percent of the cost of their home solar energy system.
- 2020: Owners of home solar power systems can deduct 26 percent of the cost of the system from their taxes.
- 2021: Owners of new home solar power systems can deduct 22 percent of the cost of the system from their taxes.
- 2022 onwards: There is no federal credit for home solar energy systems.
The legislation allows a homeowner to claim the tax credit for their home solar power system as soon as the construction of the system is complete.
Who qualifies for the solar tax credit?
As long as you own your home solar energy system, you are eligible for the solar tax credit. Even if you don’t have enough tax liability to claim the entire credit in one year, you can “roll over” the remaining credits into future years for as long as the tax credit is in effect.
How do I claim the solar tax credit?
You claim the solar tax credit when you file your yearly federal tax return using IRS Form 5695.
Put Your Trust in 1st Alarm Solar, the most Reliable Home Solar Power Systems System Design and Installation in Texas
The 1st Alarm Solar team understands your home is a big investment and the costs of owning, operating and maintaining your home are constantly increasing. 1st Alarm Solar offers the best home solar power systems available in your area. The 1st Alarm Solar design and installation team are experts in designing the perfect home solar power systems for your electrical energy needs and can get it installed efficiently and effectively to make sure you realize maximum benefits. Contact 1st Alarm Solar to learn more about how home solar power systems are your opportunity to invest in your future and get ahead of the energy costs game. We will be happy to answer your questions and help you determine the best solar power system for your needs and your budget.
1st Alarm Solar takes pride in buying local and hiring local whenever possible. We are committed to offering high quality, professional service with the utmost level of integrity. 1st Alarm Solar is the best home solar power system company in our region as well. We have personnel trained and certified to meet your home solar power system needs. To learn more about how our home solar power systems may be a great fit for you, Request a FREE Quote or give us a call at (806) 350-5899.