Investing In Solar

Investing in Solar

The main question we are asked most frequently is if investing in solar is worth it. The short answer: YES.

For starters, when you go solar you are cutting future costs that come from paying an electric bill. Once you invest in solar you are putting your money towards the sun and are instantly benefiting from the free electricity that your panels produce.

When you go solar, you are only dependent on one thing and that is the sun! Going solar is a sustainable investment as the sun is all you need for your panels to produce energy. With that being said, even though there’s no sun at night you can still use all the energy you want if you choose to add energy storage to your solar panel system (Tesla Powerwall and Generac PWRcell).

If you invest in solar energy now, you could have a system that will produce free electricity for you for 30+ years; a solution that may reduce electricity bills up to 90%.

It is also helpful to note that if you reside in North or South Carolina, you are eligible for solar tax incentives. Regardless of where you live in 2021, the federal investment tax credit provides a 26% federal tax credit based upon the total costs of our solar system. After 2021, the 26% federal tax credit decreases to 22% in 2023.

It is important to note that during the nature of the stock market amidst COVID-19 investing in solar power is a steady upward savings curve. As sure as the sun comes up in the morning and sets in the evening, your panels are going to be making electricity—which, again, you would otherwise pay lots of money for.

Where Do I Begin When Investing in Solar?

The first step to going solar is figuring out what your needs are. How much energy are you hoping to generate? Fifty to One hundred percent? Give us a call today so we can help you decide what your best options are and allow us to put you on the right track to being more energy independent!

All in all, when you go solar you can count on the sun to rise day in and day out, providing your home with all the energy you need.

Frequently Asked Questions About Solar for Your Home:

How exactly does going solar and a solar system itself work?

Solar energy begins with sunlight that hits the panels to produce energy that flows into your inverter, which converts the DC energy into Alternating Current (AC) electricity that can be used to power your home. This same energy is then consumed when powering your home’s light, appliances, gizmos, and gadgets. If you feel your home isn’t producing the energy that it needs, the utility will fill in the gaps. If you system produces more energy than needed, that energy will go to the grid and your utility will credit you for the unused power.

How many solar panels do I need for my home?

At Renu Energy Solutions we design our solar panel systems size based on three main factors.

Roof-size/available space: When we look at the size of your roof and the space available, we gather data that tell us the maximum number of solar panels your home or site can hold and we even consider shading. We use a software “Suneye” which takes a 360 picture of your roof and we use this photo to determine if your home is a good candidate for solar.

Energy Usage: When we determine energy usage we look at your past electrical bills from over the course of a year to make sure your system isn’t too big or too small.

Your Budget: We take your budget seriously and most importantly, we want you to be satisfied with our services. We take your feedback on how much you want to spend so that we can size your system appropriately.

What is solar net-metering?

Net-metering is a type of utility policy that controls how your system is connected to the grid and how you are credited for the solar energy you produce.

Does Duke Energy offer net-metering?

Yes! Both Duke Energy Carolinas and Duke Energy Progress territories in NC offer net-metering when your homes goes solar. If you are interested in net-metering, no worries. Our team will guide you through the process as certain utilities have a different application procedure.

Curious about the cost of a home solar system?

When our clients ask this question, we immediately tell Tham about the federal tax credit that comes with going solar. The Federal tax credit for going solar is 26% in 2020. For example, if the total cost of you system was $22,000, when you subtract 26% you are then left with a %16,280 solar system. There is not set price for a home going solar as there are many factors that contribute to the total cost. The price of a solar home can range from $10k to $100k based on the size of your roof, energy usage, aesthetic preferences, and of course, budget.

Start Your Solar Journey Now!

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Home Solar System

The amount of electricity that a solar energy system will produce will depend on a number of factors, including the location of the home, system design, and much more. Ideally, a home with an unobstructed south-facing view will produce more than enough energy.

Energy Storage

Installing battery backup along with your solar energy system for home or business is a smart move and can increase the value of your clean energy investment as well as peace of mind when a grid outage occur.

EV Chargers

Electric cars – with no gas engine at all – now work for most budgets and lifestyles. With more and more models to choose from, drivers are choosing electric vehicles (or EVs) than ever before!

Ready to Own Your Own Energy?

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