Benefits of Solar

1. Reduce your Electric Bill

Installing solar panels on your home will reduce your electric bill by allowing you to source your own energy directly from the sun rather than paying for electricity from the utility company. Think of solar like you would any other investment; you pay a lump sum up front for 25 year’s worth of electricity. That initial investment then pays returns over the course of 5, 10, 15, 20 years. The average home can save somewhere between $50,000 and $200,000 over the lifetime of the system when compared to buying electricity from the utility for 25 years. In many cases, the solar will have paid for itself as soon as the 5th year.

2. Tax Credits

Renewable energy systems are eligible for the Investment Tax Credit (ITC). Currently, the ITC amount is equal to 30% of the cost of the system. This means that if you install a $20,000 system, you could be eligible for a $6,000 tax credit

3. Backup Power

When paired it with a battery, a solar energy system can provide backup power during a power outage. Similar to a generator (minus the noise) a battery will allow you to power your essential electrical appliances and electrical circuits in your home when the grid goes down. Essentials appliances include your lights, fridge, internet router, etc. Multiple batteries can be paired together to power large appliances and pumps if desired. Like solar panels, solar batteries are also eligible for the 30% tax credit.

Own Your Own Power

Residential solar systems allow you to source your energy from the sun and convert it to usable power that you own, 24/7, 365 days a year. No longer will you rent power from the grid.

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Product Warranty

A product warranty is there to assure you that the solar panels you buy will operate without issues. With the right warranty, even if something does go wrong, your solar panels will be repaired or replaced with minimal or no cost to you. The warranty on the equipment we install varies depending on the specific component, but generally most parts are warrantied for at least 15 years. Premo Solar also provides a 10-year contractor’s workmanship warranty.

Full System Ownership

Ownership of your solar system means you will enjoy all the long-term financial benefits as well as the abundant energy your system produces. Purchasing the solar system as opposed to leasing is your best option. Purchasing allows you to maximize the financial benefits of the system rather than just the environmental benefits. Owning your system assures that you are eligible to reduce your federal and state tax liability through tax credits and will substantially increase the market value of your home.

Home Value Increase

Did you know that a solar system increases the value of your home?

On average, solar panels add $20 of value for every $1 you save on your electric bill.
Homes with a solar system sell 20% faster for 17% more.

Residential Solar