WHY YOU SHOULD GO SOLAR IN 2020

If you’re going to invest in solar energy, this is the year to do it. Here’s why:

BEAT THE DEADLINE FOR THE SOLAR ITC

The Solar Investment Tax Credit, more commonly referred to as the Solar ITC, dangles an enticing carrot in front of potential solar owners: a 26% tax credit. That means you can deduct up to 26% of the total cost of installing solar from your federal taxes. Some restrictions apply — those who lease a solar panel system or are in a power purchase agreement are not eligible.

If you want to take advantage of this opportunity, you better hurry. The federal government is phasing out this program, reducing the credit to 22% by 2021. After that, the residential tax credit expires and only business owners will be eligible for a 10% deduction.

By scheduling an installation for a solar panel system this year, you can ensure the highest possible tax credit for your investment in solar energy.

HEDGE AGAINST RISING ENERGY COSTS

One thing is certain: the cost of electricity isn’t getting any cheaper. Local utility rates are on the rise. Homeowners in San Diego are paying an average of about $0.16 cents per kilowatt-hour. Many solar-energy customers, however, are averaging about $0.10 per kilowatt-hour, in many cases much less. You can lock in those savings over the lifetime of your solar panels.

SAVE MONEY ON UTILITY BILLS

The energy generated by your residential solar panel installation can be used to power your home, store electricity, and offset the cost of electricity. Your new solar panel system can add up to real savings that will increase as you pay for the installation and begin to generate more electricity for your home (in some cases, your home will generate excess energy that you can sell back to the utility provider).

By making an investment in solar energy today, you can enjoy years of savings on the cost of power for your San Diego home.

TAKE CARE OF THE ENVIRONMENT

Electricity generated by solar panels is clean, safe, and reliable, which means that the environment can benefit significantly from the use of solar technologies to generate electricity compared with fossil fuel methods. By choosing solar energy to provide some or all of the power needs for your home, you can ensure the best and most environmentally sound solutions on behalf of your family.

Whether you need battery-backup solutions for an existing system or a brand-new solar panel installation for your San Diego home, HES Solar offers the most advanced solutions for your solar power needs. We offer systems designed by top manufacturers, such as Tesla and SunPower, which ensures that you receive practical options for managing your energy needs in our area.

Share:

Contact us today for a free estimate

"*" indicates required fields

Name*
This field is for validation purposes and should be left unchanged.

NET ENERGY METERING 3.0 INFORMATION

Net Energy Metering 3.0 (NEM 3.0) is the incoming law created by the California Public Utilities Commission (CPUC). The new tariffs and fees will impact both residential and commercial solar systems built in California. 

As this notice is posted in November of 2022, the Proposed Decision from the CPUC outlining the proposed NEM 3.0 terms is expected soon. This comes after a year’s delay. Once the new agreement is finalized and passed into law, there will exist a designation of the deadline under which new systems will continue to qualify for NEM 2.0 rates. 

The new NEM 3.0 rates will be designed to lower the value of electricity during the daytime hours, when solar is producing, and increase the value of electricity during the evening hours, when solar homes and businesses purchase electricity. In short, NEM 3.0 will create a “sell low, buy high” proposition to new solar system owners. 

To Californians looking to install a solar system on their home or commercial building, the NEM 2.0 rates will be preferred. As of this post, the solar industry does not know the details of how different the NEM 3.0 rates will be from the NEM 2.0 rates. 

Please use the HES Solar website as a resource to learn more, and please take our offer to speak with an HES Solar Energy Consultant at no obligation.

Contact Us Today for a Free Estimate

"*" indicates required fields

Name*
This field is for validation purposes and should be left unchanged.

Robert Laverty

Senior Energy Consultant, Residential

Robert Laverty joined the HES team in the summer of 2018, bringing his ten years of solar design experience and his Bachelor’s degree from the University of Puget Sound with him. Robert is dedicated to finding solutions to help families produce and store electricity in order to reduce their reliance on grid power as well as help reduce their household’s carbon footprint. Robert’s experience as a newspaper editor as well as his involvement with the sustainability-focused Rocky Mountain Institute drives him to constantly seek out innovative ways to meet energy needs through renewable resources as well as helps him share those ideas with Southern California homeowners. When not at work or volunteering time with his church or community, Robert spends time with his wife and two sons or pursues his passion of fly fishing.
Skip to content