POWER YOUR HOME WITH THE SUN!
What Are The Benefits Of “Going Solar?”
There are many benefits that can save you money today, while also helping to grow America’s sustainable energy future.
Reduced Electricity Cost Now And Into The Future
The first and most obvious advantage of going solar is the opportunity to save a significant amount of money on your home’s electric bill. Homes with an EZNERGY solar electric system enjoy a substantial decrease in their annual electricity cost while at the same time help protect you from rising utility costs.
Contributing To A Cleaner Environment
The traditional power grid in the United States is powered by either the burning of fossil fuels or steam produced by potentially dangerous nuclear power. Fossil fuels have a long-standing reputation for releasing emissions that are harmful to not only the atmosphere but also to the Earth’s water.
Nuclear power while “Clean” in the short term, also produces very harmful toxic, radioactive waste. When it builds up to harmful levels in the nuclear power plant, this waste is put on a train and shipped across the country to a hardened facility, where it sits for theoretical centuries to come. Nuclear power still presents the possibility of a very dangerous “Incident.”
Solar power doesn’t have any of these toxic risks. The photovoltaic cells interact with sunlight to produce an electrical current, which is directed through a series of inverters, which convert it from DC “Direct Current” into the AC “Alternating Current” that power your home’s lights and appliances.
There’s no waste, no emissions, and no risk of a catastrophic accident. It’s just easy to access clean electricity that saves you money without risk to the environment.
Investing In Renewable Energy
The law of supply and demand rules the underlying principles of the United States economy. As more and more consumers invest in solar power, governments, utility companies, and technology investors take note. It encourages them to enact more legislation and develop new ways for our nation to take its place as a world leader in renewable energy.
As a family, woman and disabled veteran-owned company, EZNERGY believes passionately in renewable energy for the future of our children and our country.
The Peace Of Mind That Comes With
The traditional power grid is aging and outdated, which can lead to the loss of power, or increasing costs passed on to you by your utility provider.
When you have your own residential solar power system, you depend less on the grid and enjoy energy independence. You essentially get to be your own electricity supplier!
How Does A Residential Solar Power System Work?
There are a few different ways to set up a residential solar energy system. One of the most common is to mount the photovoltaic solar panels on the roof of your home. Alternative installation sites may include a garage, outbuilding, or as a ground mount if you have sufficient space on your property.
As an industry leader in solar power, the founders of EZNERGY have over 20 years of experience helping a wide range of businesses, communities, municipalities and homes to enjoy energy independence. We have the specialists on-hand to help design a solar power system that meets your needs and vision.
The system we recommend for you will be based on careful analysis of your current energy needs, the physical and structural layout of your property as well as your budget.
How Does Residential Solar Work?
A state-of-the-art residential solar power system provided by EZNERGY uses high-quality photovoltaic cells to send DC current to an inverter. It then converts it to the AC current your home already runs on. A net metering system sends energy to and from the electric grid allowing the utility to net out your monthly usage.
EZNERGY solar also includes special monitoring software that keeps close tabs on the performance of your system in real-time. If there is a discrepancy in a performance that goes outside of established guidelines, our technicians are notified, and we can schedule a service inspection to rectify the issue as soon as possible. A free monitoring system app for your smart phone or computer is also provided so you can track your production too.
Solar technology has been around since the 1950’s and most solar is still functioning on satellites in space to date. The solar power systems we design and install will last well beyond 40 years.
Financing And Tax Incentives Are Available
There are a variety of ways to offset the cost of solar installation
Our funding specialists have the experience to help you find the one that is right for you.
As an industry leader, we are closely connected to a wide range of financial institutions that offer competitive rates for solar power systems. A “zero downsolar loan”, works much like a traditional loan with no out-of-pocket costs, while also providing you with the opportunity to take full advantage of all available federal and state incentives.
Ownership provides the most savings and incentives
The ITC (Federal Investment Tax Credit) can reduce your tax burden if eligible. If your solar electric system is installed prior to the end of December 2019, the ITC is 30%, reducing to 26% in 2020, reducing to 22% in 2021 and ending for the residential market in 2022. We will provide you with all the documentation your accountant needs to take advantage of the ITC.
Solar Renewable Energy Certificate (SREC’s)
An additional ownership incentive in New Jersey is the Solar Renewable Energy Certificate (SREC’s). For every 1,000 kw that your system produces, you earn one SREC and can sell it on an open commodity market for a period of 10 years. The SREC value changes daily and the SREC clock starts from the date you receive permission to operate your system from your utility. This is non taxable income to you and, if you finance your system, your SREC income typically offsets all or part of your loan payment. For more information on the SREC market, please visit www.njsrec.com or www.flettexchange.com. Most ownership programs offer a return on investment (ROI) typically within 4-7 years.
Homeowners in Pennsylvania also have a growing SREC program that is structured differently than other states. If you live in PA and want to own a solar system, please give us a call to learn more.
PPA (Power Purchase Agreement)
A PPA (Power Purchase Agreement) is a type of lease which allows you to purchase power at a reduced rate for a period of 20-25 years, during which you, the property owner, make a monthly payment for the power produced to the financing company which essentially rents the system and all the electricity it provides to you. In most cases, the homeowner enjoys a 10 to 30% reduction in electricity cost. A Solar Lease allows you to rent a solar electric system for a period of 20-25 years depending on the leasing program, and pay a monthly fee instead of the power that is produced. The PPA and/or Leasing company gets to keep your tax credit and SREC income.