Friday, April 25, 2014

Why Go Solar, Piedmont Triad?

We have written about how North Carolina is one the nations leaders (see previous post - North Carolina Ranks in Top Ten for Solar Power Generation) in solar power installation. While solar farms for technology companies such as Apple and Google are leading the way in making North Carolina’s energy portfolio more diverse, its not just businesses that are moving towards cleaner, more sustainable solar systems. Homeowners across the Piedmont Triad, as well as the rest of the state, have begun to realize the advantages of what a solar installation in their homes can provide:

  • Selling Your Solar  - In most cases, your public utility will actually PAY YOU for your generated solar energy. Net energy metering (NEM) is legislation that requires utilities to credit solar-generating customers for the full retail value of the energy they produce (called SRECs, or Solar Renewable Energy Certificates). But because solar is an intermittent energy source, and would require a large storage system to be truly independent, solar producing homeowners remain connected to the electric grid 100 percent of the time and use the utility to help meet their electricity needs 24/7. As a result, there are construction regulations and inspections on installed solar systems that homeowners must understand. 

  • Offset Rising Energy Prices – Many solar systems, such as the ones provided by Beco Electrical in High Point, NC, have manufacturers warranties and estimated lifespan of 25+ years, meaning that as energy prices continue to increase over time, your solar system will continue to offset the cost for decades to come.

  • Tax Credits and Rebates for Installing Solar Power Systems – To help offset the cost of installing solar power systems, North Carolina has one of the most generous tax credits in the nation, set at 35%. In addition, the Federal tax credit for installing solar is 30%. For Beco Electrical customers that are in the Progress Energy service area, the utility is now offering rebate program of $500 per watt for residential solar installations.
  •  Increase Your Home Value - Residential solar installations increase the value of your home, but do not increase your property taxes.
  • Reduce Your Carbon Footprint – Solar is a clean, silent, and renewable energy source that has ZERO emissions. No matter how you contribute carbon in other ways, your footprint will shrink with the use of solar.

With solar tax credits, rebates, buy back programs, and construction requirements and regulations, trying to understand the advantages of installing a solar system on your residence can often be overwhelming. That is why Beco Electrical has solar installation professionals who can guide you through the process and help you to understand the cost and benefits of a solar project for your home.


Post a Comment