The following are a few snippets that can be heard in conversations everywhere these days:
“The price of gasoline has gone up again this week.”
“Yes sir, I doubt that we will ever see the prices of a few years ago again.”
“I got my electric bill from the power company yesterday and it has gone up some more.”
“Yes, I got mine too. I believe that the power company is ripping me off. I just don’t know what to do.”
“I heard that Joe down the block is installing a solar electric panels system in his house.”
“I wonder if that is worth looking into?”
The short answer to that last question is “yes”. Millions of people worldwide are implementing solar electric panels in their homes. Solar power generation is clean and it can save loads of money on electric bills.
Implementing solar panels can be a great choice for a lot of people. Before deciding on using solar electric panels, research and planning is required. All situations are unique and different questions must be asked and answered.
The following questions and answers are by no means all encompassing. Hopefully these are some that can help and will put you on the right track to finding the answers that you need.
1. How much of my energy needs can be provided by solar electric panels?
The simple answer to how much can solar electric panels can provide of your electric needs depends on how much space you have and how much you are willing to invest.
2. Will I still need my power company if I have a system that covers all of my electric needs?
It depends on your state. Some states require that you remain connector to the power company’s grid to be eligible for state tax incentives. The excess electric power that you produce is sent to the power company and you are given credit for it. The power company acts as an “electricity bank”, giving you credits and debits.
3. What happens if I produce more electricity with my solar electric panels system than I am using?
Any energy that you produce during daylight hours that is over and beyond what you use is sent back to the electric company and is considered a credit. Usually these credits are used during night time hours when your solar electric panels system is not producing electricity.
4. Will I be able to take advantage of tax breaks for using solar electric panels?
Yes. You need to check with your state to see what credits they give. As of January 1, 2009 the federal tax credit on solar power installation amounts to 30% o the installed cost o the system. Electrical Panel Clearwater