Solar PV Systems
What is Solar PV?
PV (photovoltaics) converts sunlight into electricity which can be used to meet your home’s electricity needs. Power produced through your PV system is either used within your home or directed back to the electricity grid (net metering) when there is excess power. These systems enable you to receive credits for energy that you export to your electricity provider.
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Why Invest in Solar PV?
#1 – Drastically reduce or even eliminate your electrical bills.
There are various reasons for investing in a PV system. Whether it’s to preserve the earth’s resources or reduce the amount of electricity you pay your utility company, installing a PV system will have a positive impact. For homeowners and businesses alike, electricity costs make up a large portion of your monthly expenses. Solar PV systems generate free power throughout the 25 + year life cycle. Even if you don’t produce 100% of the energy you consume, Solar PV will reduce your utility bill and save you money.
#2 – Protect against rising energy costs
One of the standout benefits of installing Solar PV is the ability to hedge against higher electrical costs. In the past ten years, electrical costs have gone up substantially. By investing in a Solar PV system now, you can fix your electricity rate and protect against unpredictable increases in electrical costs.
#3 - Increase your property value
Studies have found that homes with Solar PV systems have higher property values and sell more quickly than those that don’t. Appraisers are increasingly taking Solar PV installations into consideration as they value homes at the time of sale. As homebuyers become more educated and aware of the benefits of Solar PV, demand for properties equipped with it will continue to grow.
#4 – Combine Geothermal with Solar PV system.
Heating and cooling costs make up a large portion of a homeowner’s monthly expenses. When you combine a geothermal heating and cooling system with a Solar PV system you can eliminate all or a large portion of your overall annual heating and cooling costs while protecting yourself from future utility rate increases. This combination can result in free heating and cooling.
#5 – Protect the Environment
Solar PV is a great way to reduce your carbon footprint. A typical Solar PV system will eliminate three to four tons of carbon emissions each year – the equivalent of planting over 100 trees annually.