Energy and Financial Consulting

Why should I go solar?

What are the financial benefits of solar energy?

The benefits to solar are many. When you install a solar energy system on your property, you not only save money on your electrical bills, but you also increase your property value, improve your environment, and protect yourself against rising electricity rates. How much you save varies on the utility rates and solar policies in your area; yet going solar is a smart investment regardless of where you live.

What are the environmental benefits of solar energy?
Solar power, like many other renewable energy resources, has many environmental and health benefits. Going solar reduces greenhouse gas emissions. This contributes to climate change and results in fewer air pollutants, such as sulfur dioxide and particulate matter. Both of these pollutants are known to cause health problems.

How do I find out how much I pay for electricity?
The easiest way to figure out how much you will pay for electricity annually is to add the total expense of your last 12 months’ utility/electricity bills. This will give you your rough annual energy expense.

What is net metering?
Net metering is the system that utilities use to credit solar energy system owners for the electricity they add to the grid. With net metering, you only pay for the electricity that you use beyond what your solar system can produce annually.

How does solar impact my property values?
Studies have shown that homes with solar energy systems will ultimately sell for more than homes without them. In fact, in most parts of the country, going solar will actually increase your property value more than a kitchen renovation! Some states, such as California, will not charge property taxes on the increased property value from adding a solar system.

How do solar photovoltaic (PV) panels work?
Solar panels absorb the sun's energy throughout the day and convert it into direct current (DC) electricity. Most homes and businesses run on what is most commonly known as alternating current (AC) electricity. DC electricity is then passed through an inverter that converts it into usable AC electricity. You can either use the electricity in your home directly (off-grid), or send it back to the electric utility grid (grid tied).

Do my solar panels produce power when the sun is not shining?
The amount of power your solar energy system can generate is dependent on sunlight. As a result, your solar panels will produce slightly less energy when the weather is cloudy, and no energy at night. Yet due to high electricity costs and financial incentives, solar is a smart decision regardless of where you live, even if it is in a cloudy and/or winter snow city.

What happens if there is snow on solar panels?
Solar panels convert sunshine into power. If your panels are covered with snow, they cannot produce electricity. Snow generally is not heavy enough to cause any structural issues with your panels; and since most panels are tilted at an angle, the snow will typically slide off. If snow does accumulate, your panels are easy to clear and clean.

Can I go off grid with solar panels?
When you install solar panels on your property, you will still be connected to the grid. This allows you to draw from the grid when your system is not producing all of the power that you need, and send power back to the grid. It is possible to go off the grid with a solar energy system that includes battery storage, but it is unnecessary for the majority of homeowners. Energy and Financial Consulting have battery systems for virtually any storage requirement you may have.

Will I still receive an electric bill if I have solar panels?
Unless your solar energy system includes battery storage and you are fully off the grid, you will still receive a bill from your utility. However, with a solar system that matches or even exceeds your energy use, you can dramatically reduce your bill, or even cut down on the amount you owe to a close $0!

Do solar panels work in a blackout?

Unfortunately, if your solar system is connected to the grid, it will shut off in the event of a blackout. This is done to prevent emergency responders and electricity utility repair-people from being injured by your panels sending power back to the grid. However, there are inverters you can buy that provide backup power in the event of a blackout when paired with a battery. Imagine if you have a small store, and there is a power failure. Your battery system with Micro-grid could keep you up and running while your competitors are waiting for the grid power to return. This adds Business Continuity to your business, and comfort and security for your customers!

How much will my solar system maintenance cost?

Solar systems are made of durable, tempered glass and require little to no maintenance for the 30 to 40 years that they generate power. In most cases, you do not need to clean your solar panels regularly. However, if something does happen, most equipment manufacturers include warranties.

What solar energy rebat
es and incentives are available?
Solar rebates and incentives vary depending on where you live. The most significant is the IRS approved 26 percent federal investment tax credit (ITC). The ITC allows you to deduct 26 percent of the cost of your solar energy system from your federal taxes. Some states offer additional tax credits, and certain municipalities and utilities also offer cash rebates or other incentives, such as battery storage systems.

What are my solar financing options?

There are many different solar financing options: you can purchase your system in cash, take out a solar/home loan, sign a solar lease, or agree to a power purchase agreement (PPA). Energy and Financial Consulting can help you assess the costs and qualify the 30-year savings for each solar financing option. Calculations are based on your roof, system size, and real quote data from your area.

Should I buy, borrow, or lease/PPA my solar system?

The decision to pay cash, borrow, or lease/PPA your solar energy system depends on your reasons for going solar. If you are interested in maximizing the financial returns of your solar energy system, paying cash or getting a solar/home loan for the system is probably a better decision for you. However, if you prioritize an easy, maintenance-free way to reduce your energy bills and help the environment, you should consider a solar lease or a PPA where a third party owns and operates the system on your property. They take care of the insurance, maintenance, and repair or replacement of equipment needed so you don’t have to worry about anything but enjoying the energy the Sun provides.

What is the difference between secured solar loans and unsecured solar loans?

The primary difference between secured and unsecured solar loans is that secured solar loans require the promise of an asset. This asset is usually your home, which is then collateral for the money you borrow. Unsecured solar loans do not, but their interest rates are generally higher to compensate for the increased risk taken on by the lender. To understand which financing option is best for you, evaluate offers for both secured and unsecured loans with your consultant.

How do I choose the best solar loan for my situation?

Many different institutions offer solar loans; including local and national banks, specialty financing companies, manufacturers, and credit unions. To choose the best solar loan for you, compare options from a few different financing providers. Energy and Financial Consulting will review multiple equipment, installer, and financing options with you so you can make the right decision for your unique situation.

Can I afford to go solar?

If you can afford your electricity bill, you can afford to go solar. Zero dollar down financing options, such as PPA’s, solar loans, and solar leases, make it easy for homeowners or businesses with good credit to start saving on their electricity bills. Energy and Financial Consulting will compare costs and savings for multiple financing options to secure you the best funding option.

Is my roof suitable for solar panels?

South-facing roofs with little to no shade and enough space to fit a solar panel system are ideal for solar installation. In many cases, however, there are options if your home does not provide the most ideal solar roof. Energy and Financial Consulting will review all of your options with you. All installation offers are based on images of your actual roof.

What size solar energy system should I get?

The size of your solar energy system will depend on how much electricity you use on a monthly basis, as well as on the weather conditions where you live. Energy and Financial Consulting will design the best solution for your individual conditions.

Do I need to replace my roof before installing solar?

Solar energy systems can last for 30 to 40 years. It can, however, be costly to remove and reinstall them if you need to replace your roof. If your roof requires any maintenance in the near term, you should complete it prior to your solar installation. Energy and Financial Consulting’s installers will be able to tell you whether to replace your roof before the solar system is installed. Energy and Financial Consulting works directly with roofers to ensure a smooth process for you, even if you require one loan for both installations.

How long will my solar power system last?

In general, solar panels are very durable and capable of withstanding snow, wind, and hail. The various components of your solar power system will need to be replaced at different times, but with the proper maintenance and care, your system should continue to generate electricity for 30 to 40 years.

What happens if I sell my solar house?

If you own your solar energy system, your solar house will sell at a premium as studies have shown that solar increases property values.

How do I choose a solar installer?

There are a few criteria that everyone should meet when choosing a solar installer. That is, to confirm that they are certified, licensed and insured, have relevant work experience, and can provide references. All Energy and Financial Consulting approved installers are pre-screened to ensure that they meet these high quality standards. We do the work for you!

What are the different types of solar panels?

While every solar panel brand and product has unique specifications, Energy and Financial Consulting only recommends quality, Tier 1 solar panels.

What are the different types of power inverters?

Power inverters convert the electricity your panels produce from direct current (DC), to alternating current, (AC) power. There are three types of inverters: string/centralized inverters, microinverters, and power optimizers.

What happens during the solar power installation process?
The first step to going solar is to receive an installation quote from Energy and Financial Consulting. Our quote will include equipment choices, financing options, complete home surge and Patented Waveform Correction technology, and battery storage system(s). When you decide to work with Energy and Financial Consulting, your installer will conduct a site visit to assess your property. Once you accept a quote from Energy and Financial Consulting, your installer will file the paperwork necessary to have your system approved. The actual installation takes only a few days to complete.

Should I ask for a solar monitoring system for my solar panels?

If you are interested in receiving detailed information about how much energy your solar system is producing, ask about solar monitoring system options. In many cases, solar lease and PPA agreements will include free programs to track your system’s performance. If you own your system, you may need to pay for one separately.

Do I need to install solar batteries with my solar power system?
Solar power systems that include solar batteries, known as solar-plus-storage, are increasingly popular. As long as you are connected to the grid, your system does not need a battery. Excess power will go back into the grid, and your local utility will credit your account for the energy you produced throughout the year. Battery systems will offer many advantages for your property, so be sure to ask your consultant about all of the advantages of battery backup/storage with a Micro-grid.

Do I need clean power, surge protection, with Waveform Correction technology?
According to the Small Business Association, more than 24 million people in the United States work from home offices. This has only increased since the Covid-19 pandemic began. This, combined with the fact that a typical home can have tens of thousands of dollars of electronic equipment, power quality is not solely for businesses to worry about anymore.

Computers, home theater systems, monitors, printers, fax machines, medical equipment, and televisions all receive high voltage AC, and convert it to low voltage DC. This generates transient energy and frequency noise, which is extremely harmful to the lifespan and proper functioning of equipment.

Many cell phone manufacturers recommend clean power when charging your device, yet most people do not have access to clean power. Energy and Financial Consulting includes entire home surge and Waveform Correction technology equipment to better help protect you. This installation ensures the waveform delivered to your high dollar assets is as sinusoidal as possible.

No more looking for a surge protection device when your entire residence is protected as part of your solar system installation.Type your paragraph here.