J Ferg
Solar
Lubbock - Amarillo - Permian Basin - Clovis - Abilene
FIND THE ANSWERS TO YOUR SOLAR QUESTIONS.
Where Do Solar Savings Come From?
Did you know the price of electricity has doubled since 2000? With just a little bit of quick math, you can see why switching to solar is one of the best financial decisions a homeowner can make. Let’s say your electricity bill is $150 a month. At a conservative estimated annual increase of 3.4%, you will pay over $100,000 for energy over the next 30 years. With Solar, the energy you produce that is not immediately used will nearly eliminate your electricity bill through net Metering. That means your monthly solar payment is all you pay. And unlike your monthly energy bill, the solar payment eventually goes away while simultaneously increasing your home’s value. You’ve bought your home; why rent electricity?"*" indicates required fields
With Solar, You’ll Be Spending Less Than You Are Now…
If you qualify, there are zero upfront costs, and your monthly payments won’t begin until the installation is complete.
The locked in solar payment makes is predictable and convenient. Utility companies will continue to charge more year over year, but you’ll be unaffected as your solar payment will stay the same.
Let’s take a look at the picture below. Hover over the icons to learn more about what is happening on the graph!
Net Metering Is The Key To Solar Savings
What is net metering and how does it work?
Thanks to net metering, your solar panels can save you – and help you make – a lot of money.
Net metering, also called net energy metering or NEM, is a utility rate program that requires your electric company to purchase the excess solar energy your solar panels produce at the full-retail rate of electricity.
This means when your solar energy system produces more electricity than your home needs, the excess electricity is sent to the power grid and your utility pays you for it. Net metering is what makes rooftop solar panels such a great way to save money!
How does net metering work?
In short, net metering gives you credit for returning solar electricity to the grid, and it offsets electricity you take from the utility in the future — giving you the full economic value of all the solar energy your solar panels produce. If your solar system is sized properly, you can potentially eliminate all of your monthly electric costs.
Solar panels generate the most electricity during the middle of the day when the sun is shining. The problem is that the middle of the day also happens to be when you use the least amount of electricity. So your panels are generating way more electricity than your home needs at that time.
When solar panels produce more electricity than a home uses, the excess generation is sent to the grid. This is where net metering comes into play. When a net metered system sends solar energy to the grid, your electric meter spins backwards and your utility applies a credit for the full retail value of electricity to your account.
Then at night, when your solar panels aren’t producing, you take electricity from the grid, spinning your electric meter forward again. At the end of the billing period, the utility nets how much electricity you sent to the grid versus how much you used to determine your final bill – hence the name net metering.
Solar expert Will White discusses net metering in this video:
Do net metering credits carry over from month to month?
It depends on the utility, but most full-retail net metering programs allow energy credits to carry over from month to month. So, if you generate more electricity than you used in a month, the excess net metering credits can be used to offset electricity you take from the grid the next month.
Usually you’ll have excess credits in the summer months, when the days are long and sunny. You can bank up these summer credits to cut down your electric bills in the dark winter months.
How and if credits actually can carry over from month to month depends on your utility’s true-up policy, AKA how often they buy out credits, which you can usually find within their net metering policy.
What are the benefits of net metering?
Utility bill savings
The greatest benefit of net metering to solar homeowners are the utility bill savings. Net metering can result in tens of thousands of dollars in savings over the lifetime of your solar panel system.
As we said earlier, solar panel systems can be designed to offset all of a solar customers’ energy use costs within a billing cycle. However, most electric bills include some fixed charges that net metering can’t eliminate.
NET METERING + FINANCING = NO ADDITIONAL COST TO YOU
Thanks to Net Metering, which allows your energy meter to spin backward when your home produces surplus electricity, your energy bill will be reduced to dollars. That means your locked-in monthly finance payment is all you owe. Go solar today with zero upfront costs and start saving immediately.
GOING SOLAR HAS NEVER BEEN EASIER.
Click through the tabs below to learn why 2023 is the perfect time to make the switch to solar.
WANT TO PAY LESS IN TAXES?
The Federal Government Will Pay 22% of Your Solar system in a dollar for dollar tax credit. No Questions Asked.
What is the solar investment tax credit?
- The solar investment tax credit is a federal tax credit that can be claimed on income taxes for 26% of the cost of a solar photovoltaic (PV) system. That’s right, your federal income tax will be reduced by 26% of the amount of your solar investment.
- The system must be placed and begin service during the tax year and generate electricity for a home located in the U.S. So, your new installation in 2022 will be eligible while filing your 2023 taxes.
- A solar energy PV system must be placed into service before December 31, 2022, to be claimed in 2023.
- There is no maximum amount that can be claimed, so take advantage while this offer lasts!
Add $12K-$15K To Your Home’s Value Immediately.
The Department of Energy and Berkeley Laboratory conducted a study about how a home’s value increases after a solar installation, and the results were insane.
- They reviewed nearly 4000 homes with solar panels across 8 different states.
- The DOE found that individuals are willing to pay an extra $12,000 to $15,000 for a home with an average-sized solar array.
- Larger arrays upped a home’s value even more!
A good rule of thumb is that on average, solar panels add $20 of value for every $1 you save on your electric bill. Here’s more data from Zillow research that shows homes with solar panels installed sell on average for 4.1% more. And it varies depending on where you live.
We handle all the details! From permitting, inspections, electrical work to connection to the grid. Along with your utility company, we will connect your system, and give you the green light to turn it on. Take a look at our 6 step process.
1. Site And Roof
Assessment
2. Design Approval
3. Permits and P
aperwork
4. Ordering Equipment
5. Installing System Components
6. Inspection And Connection