Is Solar Worth It?
The choice to go solar at home is one of the most important decisions homeowners can make – and it can also be the most lucrative. With energy bills climbing across the country, smart consumers are fighting back by opting for clean, renewable solar energy with LGCY Power.
But you may be wondering right now, is solar really worth it?
Great question, and let’s shed some light on the facts about solar so you can decide for yourself.
First off, let’s look at the real reason most people go solar at home: the cost savings. These days, the average homeowner pays $143 in their monthly electric bill alone. Of course, in many parts of the country and in the warm summer months, your bill may be double or even triple that!
But with solar, our customers save monthly on their power bills. Even better, your cost for solar is fixed so it will never go up, while your local electric provider will surely keep increasing their rates year to year.
So far, solar definitely seems to be worth it, but what the upfront cost and installation? In decades past, homeowners who choose to have solar panels installed on their roof had to write a big check and wait years until they broke even on their investment.
But with LGCY Power, the savings start from day one, and you have the chance to pay no money out-of-pocket! So, you’ll only pay for power – not for panels.
Even better, the installation process is smooth and easy with LGCY Power and their world-class solar partners. We’ll assign you a dedicated Solar Consultant who will act as your own personal solar concierge, going over all of your options, answering all of your important questions, and making sure you have an outstanding experience.
LGCY Power will present all of your financing options and permits, schedule and supervise the installation, and follow up with maintenance and monitoring packages that are available.
Solar sure looks like a no-brainer, and the best part is that you won’t just be saving an average of $858 per year, but you’ll be doing your part to protect and preserve the environment along the way.
So, let’s get started with LGCY Power today!
Consultation & Initial Design
The solar panel installation process starts with a visit by one of our friendly energy consultants – in-person or virtually – to evaluate your needs and potential savings. They will create an initial customized solar system design to fit your home and will factor in considerations such as annual energy usage, roof size, and any shading or obstructions that will reduce solar output.
Once a design is agreed upon and all additional paperwork is gathered and signed, your energy consultant will submit it to a local, reputable solar panel installation company (whom we call a “build partner”) to continue the process. Since some locations have multiple build partners, your energy consultant will help identify who has the best solar panel installation cost, timing, and equipment selection.
Home Evaluation & Permitting
Our build partners will gather everything submitted by your energy consultant, including the initial design, contract, photos of your roof and your electrical panel, and any other documents needed to get everything ready for installation. Their teams will draft engineering plans and submit permits for approval to your local city or county authority, as well as your utility. They will also order and prepare parts and equipment for installation day.
In some cases, an additional home evaluation called a site survey may be needed before plans are finalized. This is to ensure the initial design fits on your roof, meets all applicable codes and regulations, and provides the best coverage. If their engineers determine major changes need to be made before final plans are drawn and permits submitted, you will be notified and asked to approve the changes.
Installation & Inspection
Once all plans and permits are approved, the build partner will reach out to you to schedule an installation date. In most cases, this will take a day and may require you to be home during the process. If any pre-installation work is needed, such as roofing upgrades, this will take place before any solar panels or equipment is installed on your home.
After the equipment is physically installed and any necessary electrical upgrades are done, an inspector from your city or county will need to visit your home, inspect the system, and give their approval before final paperwork can be submitted to the utility.
Utility Connection & Activation
When inspection passes and is approved, the build partner will work with the utility to get your new system connected to the grid. This includes another inspection by the utility and the installation of a net energy meter to keep track of energy generated by your new system.
Once the utility has given final approval and tied your new system into theirs, your system can now be activated!
There are plenty of benefits when it comes to installing solar panels to power your home. Not only are you helping protect our environment by using clean energy, but you can also save some serious money compared to traditional fossil fuels. On a nationwide level, the solar investment tax credit (ITC) is slowly being phased out — homeowners can deduct 26% of their solar costs in 2020 and 22% in 2021, but residential tax credits will be eliminated in 2022.
However, even when the ITC expires for residential applications, it’s possible that you can still qualify for solar panel incentives from your state. Tax incentives for solar have proven to be effective, as installations of residential solar systems have increased dramatically over the years. In this article, we’ll discuss solar incentives by state, explaining a few of the most popular programs around the country and pointing you in the right direction to find out about incentives in your home state.
Let’s begin by talking about Florida solar incentives. This state offers net energy metering which allows homeowners to sell any extra energy produced by their solar systems to their utility providers. Instead of paying cash for this energy, the utility provider gives you energy credits which you can cash in when you need to pull additional energy from the power grid. In addition, Florida offers property tax exemptions for residential solar panel installations, and they also don’t charge any sales taxes on solar panels or batteries.
Moving from one sun-drenched state to another, how about California solar incentives? California has more solar power than any other state, and this state has set a goal to be powered entirely by carbon-free energy sources by the year 2045. As you might expect, California also has generous solar incentives.
Their Self-Generation Incentive Program (SGIP) provides rebates to homeowners who purchase solar batteries, and this program will run through at least 2025. This rebate can be extremely valuable, as your savings can reach $400 per kilowatt-hour in some circumstances. Your exact rebate value will vary based on when you make your purchase, and also which size of battery you choose. In addition, California has a similar net energy metering program to the one offered in Florida, and they also offer property tax and sales tax exemptions.
Next, let’s discuss Illinois solar incentives. This state offers solar incentives in the form of the Adjustable Block Program, which provides homeowners with renewable energy credits in exchange for selling the power generated by their solar systems. We will note that spots in this program are limited, and the earlier in the year you submit your application, the more likely it is that you will be able to participate.
How about Massachusetts solar incentives? In this state, you can take advantage of the Solar Massachusetts Renewable Target (SMART) program, which provides monthly rebates for solar batteries and panels for a decade. As more homeowners sign up for this program, the payouts will decrease, so the sooner you can get in, the better. Additionally, Massachusetts offers net metering, income tax credits, property tax exemptions, and sales tax exemptions. It’s a well-rounded collection of incentives that is quite inviting to homeowners.
Texas solar incentives are structured a little bit differently. This state doesn’t have any statewide tax credits, net metering policies, or rebates for solar, but quite a few local governments and utilities offer robust solar credits and net metering opportunities. You can also take advantage of the state’s renewable energy property tax exemption.
To take a closer look at the solar incentives available in your state, check out the Database of State Incentives for Renewable Energy, or DSIRE. This resource helps you find solar incentives and related policies in all 50 states. Just type your ZIP code into the search box on the top of their homepage and they’ll tell you all about the programs available in your location. While most states do offer some sort of solar incentives, there are unfortunately some states that don’t provide any noteworthy residential incentives, like Alabama for instance.
Or, you can also feel free to contact LGCY Power and discuss solar incentives in your state with one of our highly experienced Energy Consultants. They can outline the incentives available to you and help you plan your solar panel installation. If you’re looking to reduce your carbon footprint while also saving some serious cash, call us today at 1-866-566-2650.