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The the 30% federal tax credit is set to expire on 12/31/21 and the 25% South Carolina tax credit has no expiration date.
The majority of the PV systems we install don’t require batteries. They are installed under a system known as Net Metered, which means that you will have one electric meter and one account with the utility company. When you are producing more power than you are consuming, you generate credits (and spin the meter backwards). When you are consuming more power than you are producing, you use those credits or buy power when you are out of credits.
According to recent independent studies, solar-powered homes on average garner $17,000 more than comparable homes without a solar energy system. Compared to other home renovations, solar can often recover 100% of the original cost, where some home improvements can recover as little as 4% of the original cost. According to the U.S. Dept. of Energy, a home with solar energy sells twice as fast as a home without solar energy – even in a depressed market (http://emp.lbl.gov/sites/all/files/lbnl-4476e.pdf) As the industry continues to mature, the value of solar will only increase.
Approximately 11 to 12 years for residential systems and 5 to 7 years for commercial.
Some solar systems produce more electricity than is used each month, bringing net electricity costs to $0. However, there is still a minimal connection fee (typically about $100 per year) to remain connected to the electrical grid.
With proper design and installation following industry best practices, your roof should maintain all its pre-solar integrity. Our design crew will assess any unusual circumstances.
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