Solar Panel Installation

Solarcity - Cyprus

10 Things to remember if you're thinking about solar

10 Key Things to Remember

If You’re Thinking about Solar

1. Consider energy efficiency.

Consider installing energy efficiency measures first, before you install solar. Reducing the amount of energy used by your home will allow you to install a smaller, less expensive photovoltaic system.

2. Solar is a significant investment

Going solar is a significant investment, comparable to buying a car or making major home improvements. Make sure you think it through carefully.

3. Financing options are available

There are four main ways to pay for a solar photovoltaic system, each of which has advantages and disadvantages.

4. Net metering is key

Net metering is an arrangement in which the utility credits you for electricity your system generates that is not used onsite and is instead added back onto the grid.

5. Community solar is an option

If installing solar on your own home or land isn’t viable, or if you don’t own your home, there are still solar options for you. Both renters and homeowners can potentially participate in a community solar project, which is an offsite solar array that serves multiple customers.

6. Federal incentives are available

For those solar photovoltaic system owners that pay federal income taxes, the federal government provides a significant tax credit that helps reduce the total cost of your solar system.

7. Several contractor bids are better than one

Consider proposals or bids from at least three different solar contractors to help select the best solar installer for you.

8. Calculate the financial dealy.

Before selecting a bid and signing a solar contract, calculate your net savings, return on investment, and/or payback period.

9. Understand the impact of changing utility rates

In any calculation of how much money your solar system can save you, assumptions about future utility rate increases are very important. Make sure that you and your contractor are calculating future electricity costs appropriately.

10. Know what you are signing

Make sure you read and understand your solar contract before you sign it.

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