At SunLynk, we focus on solar panels and provide services such as installation, repair, and upkeep. We’re the reliable solar company you’re searching for in Orlando, FL! As a bonus, we offer financing options to make going solar more affordable. We specialize in solar panel installation and maintenance. We pride our company on reliability, great communication, integrity, and quality work. We are experts in energy efficiency and sustainable solutions. Give us a call today to see how we can help you with your next solar project!
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Most solar panel system installations for homes are grid-tied, which means the property is still connected to the power company. The purpose of this connection is twofold: taking advantage of net metering and having a backup during cloudy days or at night.
A grid-tied residential solar system is made up of three technologies: solar panels, an inverter, and a utility meter.
- Photovoltaic solar panels absorb energy from the sun and convert it into electricity.
- The inverter takes the raw energy and makes it usable for our needs.
- The utility meter serves as the connection between the system and the grid.
- The fourth, optional component is a battery—this stores solar energy generated at home instead of sending it to the grid. Batteries are essential for backup power in case of a grid failure.
Solar Panel Installation Incentives
Saving energy saves money. By transitioning to solar panels, you will:
- Save money on your utility bill
- Participate in environmental governance
- Become eligible for state and federal tax credits
The government covers a sizeable percentage of the cost of a solar energy system through tax credits. All US homeowners are eligible for a 30% credit on the total cost of their system.
There is no limit to the cost or size of the system. Homeowners are not limited to one property- second homes also qualify. New construction will also qualify for this tax credit. This particular tax credit is available at 30% until 2020 when it decreases by a few percentage points each year until it expires at the end of 2021.
Even though most states have yet to join, some have already taken action. Some states offer a 30% credit that matches the federal government’s! Additionally, your local utility company may give you additional benefits if you go solar. With thousands of power companies in our 50 states, it would be impossible to list all of the policies on this site. So for more information, we recommend talking to a local expert. If you’re interested please let us know so we can start the conversation.
Orlando Solar Panels Net Metering
The purpose of net metering is to equalize energy production and consumption in the home by monitoring it. For example, as you use more power from your local utility company, your electricity meter will slowly increase. However, if you generate extra energy on your roof with solar panels, that same electricity meter will then run in reverse.
Solar energy production is at its strongest in the early afternoon; however, most people use more power during morning and evening hours. Therefore, your solar system will likely generate more power than you are using throughout the day. This credit can be redeemed with your state’s electric company for later use. Although net metering policies allow this in most states, remember that rules can differ from state to state.
A solar energy panel lease is a way to offset some of your business’s monthly utility bills without having to purchase the panels outright. This option requires no money upfront and provides you with peace of mind, as the company leasing the high-quality equipment is responsible for maintenance.
In the end, you’ll have lower monthly electricity bills. Although a Power Purchase Agreement (PPA) has little to no solar panel installation and maintenance costs, your monthly payments will differ from other methods. You will pay a fixed price per kWh used instead of paying a flat ‘rent’ for the system. Although the two models do have some notable differences, it’s unlikely you would have to choose between one or the other. Different areas usually have different rules and regulations involving leasing and PPA Solar Leasing; more than likely, your location will determine which program is attainable.
Best Orlando Solar Companies - Solar Financing Options
While Solar Leasing and PPA options are often more affordable in the present, owning a system outright comes with advantages of its own. For example, in recent years solar ownership has become increasingly economically practical. By owning your energy system, you are eligible to claim the full federal tax credit. This means that if you have a $10,000 system, you can save $3,000. For a $20 000 system, the savings are doubled to $6,000.
Homeowners are increasingly turning to solar power, urged on by state and local government programs. Based on your location, you may additionally be able to gain from state tax reductions. In a solar lease agreement, the leasing company (lessor) is still the owner of the panels and thus eligible for all applicable tax credits. When purchasing or financing solar these tax incentives belong to the homeowner. Ownership is an investment that will pay dividends in time. Third-party financing makes this investment more accessible. Our solar installers are partnered with financiers and will be able to tell you more about finance options.
SunLynk is the top solar contractor to contact if you are interested in solar power for your home or business. We will answer any questions that you have and help find a solar power system suited just for you. Contact us for free quotation.