For the past month, our vice president of solar & energy efficiency sales, Michael Smith, provided a wealth of resources for homeowners considering solar options. In case you missed any of them or if you’re interested in having the information all in one place, below please see a summary of what was posted throughout the month.
The time has come to go solar
Rapidly falling prices, gains in efficiency, financial incentives, and new leasing options are indicators that now is a good time for residents to consider their solar options. According to estimates, customers that choose solar can see electricity savings in the tens of thousands over the lifetime of a solar system, which lasts 20 years on average and 30 years at most. Residents that choose solar also increase their home value by $20 for every $1 reduced in annual energy savings according to The Appraisal Journal. So if you saved $1,000, the increase you’d see to your home’s value would be $20,000. Now that’s a good chunk of change!
How solar energy works
Most modern day solar power systems rely on the photovoltaic (PV) panel. Photovoltaic technology converts sunlight directly into electricity. When the sun shines, the electricity travels from the panels through the wires into a piece of equipment called the inverter. The inverter then converts the type of electricity produced by the panels, known as direct current, into the type of power your home uses, called alternating current. Once the electricity goes through the inverter, it travels through a wire into your home’s electrical panel and subsequently powering all of your home’s electrical needs.
How to tell if your home is right for solar
A number of factors come into play when determining whether your house would be a great fit for solar. They include:
– The size of your system, which is determined based on what portion of your electricity needs that you want your panels to supply. The larger the system, the more panels you’ll need to install. The more panels installed, the greater energy savings.
– Available roof space, which impacts the size of the system you can install.
– The direction of your home. Homes facing east and west offer more potential space for solar panels than do those facing north and south. Homes facing the south are able to accommodate panels.
– How your roof is structured. Open, flat roofs accommodate panels better than complex, angled ones.
– How much your roof is covered by shade and area trees. If you live in a wooded area or if a large portion of your roof is shaded, solar panels may not be as effective.
Buying vs. leasing
Sometimes the upfront costs of buying a solar system may seem like a challenge. But there is always the option to lease with companies like Constellation. Leasing is an attractive option, providing the option for customers to pay as little as $0 to get started. Leasing also provides customers with the freedom to choose the solar panels and system size that best meet their energy needs and budget. To learn more about your leasing options, call us at 877-427-2005.
We also posted about how solar has worked for one of our solar leasing customers based out of Howard County, Maryland. To see what they had to say, I recommend that you take a couple of minutes to read their story here: http://blogs.constellation.com/energy4home/2012/06/customer-spotlight-how-solar-has-worked-for-the-silver-isenstadts-in-laurel-md/.
We look forward to future posts about this topic and hope you found this information to be helpful.