Frequently asked questions
When you install a solar energy system to your home, you protect yourself from current and future electric rate increases. Most families start saving in the very first month. The money you save can be invested to boost your retirement fund. You may be eligible for government (ICT) and state incentives. Exactly how much you save will depend on the utility rates and solar policies in your area, but going solar is a smart investment regardless of where you live. If you had a choice between owning your own clean energy or renting dirty power from the utility at the same monthly out-of-pocket expense, what would you choose? What if it were less expensive to own your own clean power? This is why thousands of Americans are making the switch daily to creating their own clean energy!
Solar rebates and incentives vary depending on where you live. The most significant is the 26% federal investment tax credit (ITC), which allows you to deduct 26% of the cost of your solar energy system from your tax liability. Many states offer additional tax credits, and certain municipalities and utilities also offer cash rebates or other incentives. Visit our state pages to learn about the incentives available in your state.
If you can afford to pay your electricity bill every month, you can afford to go solar. The US government is encouraging homeowners to go solar. Various solar plans are available, some of which include $0-down solar financing options, solar loans, and solar leases. It’s so easy for homeowners with good credit to start saving on their electricity bills by going solar. We encourage you to purchase your solar panels and pay a Flat Rate solar bill from the first month. Contact us to get your personalized quote.
Homes with solar energy systems sell for more than homes without. In most parts of the country, going solar can increase your property’s value by 4.1 to 9.9%, depending on where you live. Please note: The value of your property will only increase if you own, rather than lease, your solar system. However, a leased solar system may increase your home’s marketability.
Solar panels are made of durable tempered glass. They require little to no maintenance during their 25-to-35-year power-generating lifetime. In most cases, you don’t even need to clean your solar panels regularly. In case something unforeseen happens, most solar equipment manufacturers include warranties. American Solar strives to provide the best in its class 25-year bumper to bumper warranty in most states.
When looking for a solar installation company, look for one that is reputable, with a strong track record, and with all the necessary licenses and certifications required in your state. Also, be sure they have the expertise to design a bespoke solar energy system that’s suits your home and your needs. American Solar connects you with highly trusted local installers and national financing companies, doing the hard part for you.
A number of aspects determine how much your solar system will cost, including the equipment you choose, the installation company you use, and the incentives and rebates you qualify for. Typically, a solar installation has $0 out of pocket or upfront costs. Plus, the solar repayment is less than or equal to what you are currently paying for power. However, unlike your electric bill that increases by 3-5% annually, your solar payment does not increase. The average American home will save $50,000 over a span of 30 years.
When installations are designed and perform properly, a solar system is one of the best investments you can make. For most American households, solar panels are worth it. Not all homes qualify for solar. Click here to see if your home can qualify for a $0 down solar solution. It may not be worth going solar if your roof is too small or in the shade, or your average energy bill is so low that does not justify the purchase.
A solar Power Purchase Agreement (PPA) is an agreement where an installer arranges for the design, permitting, financing, and installation of a solar panel system on a homeowner’s property at little to no cost. The homeowner buys the power the panels produce at a discounted rate compared to the utility, rather than buying the solar equipment.
When considering this question, it is good to ask first how much does your utility cost. Take your average monthly utility bill and multiply it by 12 and then multiply it by 25. This will give you an indication of how much you will pay for electricity over the next 25 years (assuming the utility does not increase by 3-5% annually). After 25 years, what will you have to show for the money you spent on power? What incentives did you gain by sticking with the utility? How certain are you that their rates won’t increase to a degree that will cause financial hardship? Essentially, you have been renting power at a fluctuating cost while you could own your own power at a fixed rate – saving you thousands over time. And we haven’t even factored in your savings from incentives yet.
Solar contracts, or solar leasing, enables homeowners to pay a fixed monthly fee for solar panels while using the electricity the system produces, however, they never own the panels. Solar leases last 20 years, and they incorporate a lease escalator that raises the monthly installments every year based on the market prices. If you are eligible for tax credits and state incentives, we recommend that you buy rather than lease your solar panels. Your monthly payment is a fixed flat rate, and when you are done paying for the solar panels, they are yours. You save money, and the value of your home increases.
Each home is different based on appliances, number of people, power usage habits and activities. In addition, each home is oriented differently – different roof pitch and direction. When we include those differences with shading from nearby trees or buildings, it can be difficult to determine exactly how many panels your home needs. Connect with an American Solar Expert, they will work with you to create a custom design specific to your homes unique situation.
Solar panels function optimally for about 25-30 years. This doesn’t mean they stop working after 25 years, it just means that the energy they produce begins to decline.
Apart from the instances where roofs are too small or shady, solar panels really do save you money. The best way to determine whether your home qualifies for solar is to connect with an American Solar Expert, as each state offers different incentives. American Solar chooses to work in states where the customer has multiple incentives to take advantage of when creating their own clean power at an affordable cost. Please visit our States pages for more information.