Your Comprehensive Guide to Going Solar with Momentum Solar
Are you considering going solar but not sure where to start? Look no further! At Momentum Solar, we understand that going solar is a big decision and we’re here to help you every step of the way. In this guide, we’ll cover everything you need to know before switching to solar with us, including costs, payback periods, energy usage, tax incentives and more. Let’s dive in!
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Understanding the solar costs and payback periods
Going solar is an investment that often pays off over time. While the initial cost may seem daunting, it’s important to consider the long-term savings on energy bills and the increasing value of your home. Momentum Solar is dedicated to providing affordable solar solutions tailored to each homeowner’s unique needs. To learn more about how solar panels can help you save money in the long run, visit our previous blog here.
The cost of solar panels has significantly decreased over the past decade, making solar energy more accessible to homeowners. At Momentum Solar, we offer customized solar panel systems tailored to your energy needs and budget. Plus, we provide a variety of financing options, including leasing and purchasing, so you can choose the best option for your situation.
In many cases, homeowners can expect to get back their investment in solar panels within 5-10 years, thanks to reduced electricity bills and available incentives. It is important to note that your payback period may vary depending on factors such as your energy usage, the size of your solar system and your location.
Analyzing your energy usage
Before installing solar panels, it’s essential to evaluate your energy usage to determine the optimal solar system size for your needs. Our expert design team will assess your energy consumption and help you design a system that meets your energy requirements and fits your budget.
For homeowners who consume a lot of power, solar panels can be a game-changer in reducing energy costs. By generating electricity through solar panels, you can directly offset the energy you would typically draw from the grid, ultimately reducing your electricity bill .
Moreover, solar panels can serve as a hedge against increasing electricity rates, providing long-term savings and predictable energy costs. According to the U.S. Energy Information Administration, the average residential electricity rate in the United States has steadily risen over the past decade . By investing in solar panels, you can protect yourself against these escalating costs, enjoying a fixed rate for the energy you produce.
Opting for energy storage with solutions like our exclusive battery storage partnership with Enphase can further enhance the benefits of solar energy. With a battery system, you can store excess energy produced by your solar panels for use during peak hours or when the grid is down. This not only increases your energy independence but also allows you to maintain power during blackouts and outages, ensuring your home remains functional in times of need .
By combining solar panels with energy storage, you can achieve complete off-grid living, relying solely on the power generated and stored by your solar system. This not only benefits the environment by reducing your carbon footprint but also offers peace of mind knowing that your home will have power even when the electric lines are out.
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Governmental tax incentives
Homeowners who decide to switch to solar can benefit from various federal, state and local tax incentives that make solar energy more affordable and attractive. One of the primary federal incentives is the Solar Investment Tax Credit (ITC), which allows homeowners to claim a percentage of the cost of their solar installation as a credit on their federal income taxes. This tax credit has played a significant role in making solar energy more accessible and affordable for homeowners across the United States.
For more information about the Solar Investment Tax Credit, visit our blog: Everything You Need to Know About the Inflation Reduction Act.
In addition to federal incentives, many states and local governments offer tax credits, rebates and other incentives to encourage the adoption of solar energy. For example, in New York, homeowners can benefit from state tax credits, as well as local property tax exemptions and incentives provided by the New York State Energy Research and Development Authority [4, 5]. Similarly, New Jersey offers Solar Renewable Energy Credits (SRECs), which allow solar system owners to earn credits for the electricity they generate and sell them to utilities to help meet state renewable energy requirements [6, 7, 8] If you live in the Northeast, you can find more info about your state incentives here.
These federal, state and local tax incentives significantly reduce the upfront cost of solar installations, making solar energy more accessible to homeowners across the country. By taking advantage of these incentives, homeowners can maximize their financial benefits and contribute to a cleaner, more sustainable future.
The Momentum Solar advantage
As one of the largest, privately-held solar companies in the country, Momentum Solar is proud to offer top-quality components designed to withstand the test of time. We don’t use subcontractors for solar installations, ensuring a seamless and worry-free experience for our customers. With over 50,000 installations since 2009, you can trust Momentum Solar to help you make the switch to clean, renewable energy.
Going solar with Momentum Solar is an excellent way to gain control over your energy costs and contribute to a cleaner environment. We’re here to guide you through the entire process, from estimates and design consultation to permitting and installation. To learn more about our services or to schedule a free solar consultation, call us today at 1-888-MOMENTUM.