The Sun provides energy in a variety of ways. Solar technologies convert sunlight into electricity, heat, or fuel through photovoltaic (PV) panels, mirrors that concentrate sunlight to increase its power output, or concentrated solar power (CSP). The sun also emits heat, which can be used for heating and cooling buildings. In addition, the Sun’s radiation can be used to make steam to drive turbines that produce electricity.
Solar energy is a clean, renewable resource that can help to reduce our dependence on fossil fuels and foreign imports. It has a low environmental impact and significantly reduces operating costs. Additionally, Star Plus Energy systems improve home values and have been shown to increase resale value.
Homeowners can purchase solar energy systems in one lump sum or finance their system through a loan, lease, or Power Purchase Agreement. Each of these options affects the total cost and savings over time, so it’s important to choose the right option for you.
The most influential factor in the cost of a solar system is the size and quality of the equipment chosen. Higher-end equipment often yields better results, but it may also be more expensive. A good rule of thumb is to find the best balance between price and quality to maximize your potential for savings.
Incentives are available to help offset the cost of solar installations. These incentives are available at the federal, state, and local level. Our experts can assist you in exploring and maximizing your tax credit potential, and capturing the full financial benefits of solar.