Get Your Questions on SPVs Answered Here

Solar Power SystemsSolar energy makes a good alternative to commercial energy. That is why more and more commercial buildings and even residential properties invest in solar panels. 

Before you go solar, here are EcolutionRenewables.com's answers to frequently asked questions on solar power systems.

Is It for You?

You would not want to put your investment to waste; therefore, you have to make sure that your location makes your home an ideal candidate. There should be enough sunlight most of the year to get the system’s full range of benefits. A PV installer can best assess how many panels you need in order for the system to provide enough electricity for your home. The roof should also be in good condition as a solar power system is generally large and heavy.

How much does the installation cost?

The cost of solar power systems has dropped by 60% in the past 5 years according to an article published by Forbes. But the overall determining factor is the size of the system you need. Roof construction can also affect the cost of installation.

How long does the installation take?

The solar PV installation usually takes a few days up to a few weeks. However, the waiting time from the date of contract signing to the actual installation could take longer.

How many panels do you need?

The size of the system will vary greatly on how much power you need. You will need more panels if you want a stand-alone type. This type is independent and does not connect to your electricity source. Combining solar and commercial energy, though, would mean using fewer panels.

How long do SPVs last?

With proper installation and maintenance, they can last for decades. In fact, they often come with a 25- to 30-year warranty.

Tax incentives?

You get 30% tax incentive for installing a solar power system. There is a possibility that the cost of the tax credit will exceed your tax liability since it covers the installation, equipment, and wiring expenses. This excess may be credited to the following taxable year.

Installing SPV isn’t cheap. However, you should not think of it as an expense but as a way to care for the environment by reducing your home’s carbon footprint. Furthermore, you can lower your electric bills or would not have to rely on commercial energy at all for many decades.