 PV: Electricity From The Sun
Photovoltaic (PV) panels produce electricity from the sunshine, allowing you to offset your own electrical usage or even sell back power to the power company. This is a consistent power source that doesn't depend on fuel or delivery costs, something you can count on to stay at the same level compared to rapidly rising costs of electricity from any other source.
The inverter connects to your house's electrical system and then to the public electrical grid. It produces electricity only when the sun is shining, and requires very little maintenance since there are no moving parts. For off-grid systems, a more advanced inverter and batteries are required.
 Cost
The average cost is between $4 to $6 per watt for a system design and install. This means the cost for an average system install would be $12,000 to $24,000 before state and federal incentives.
 Installation
Typically panels are mounted on your roof and the inverter is installed near your electrical service panel. However this will depend upon the configuration of your home, your available roof space, and how large a system you would like to install.
 Power Production
As a rough estimate, you can assume your system will produce 1000 kWh for each 1kW of system size, over the course of one year.
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Photovoltaic Inquiries
If you're interested in installing a photovoltaic system for your home or business, please contact us here.
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 Solar Thermal: Hot Water from the Sun
Solar thermal systems heat water directly from the sunshine, allowing you to drastically reduce your electric, natural gas or oil usage. Alternative systems allow you to heat your swimming pool water, thus enabling you to extend the season for your pool usage.
Solar thermal systems collect heat directly from the sun to heat domestic hot water systems. Key components are the collectors, pump, and storage tank. An anti-freeze solution is circulated through the roof collectors and a heat exchanger to allow year-round operation. Your existing hot water heater can be used as a backup for periods without any sun.
Cost
Average cost for hot water systems is around $8,000-$10,000 without state or federal incentives.
Installation
Typical installation consists of two collectors on the roof, a single 80-gal tank, and the pump and controls to manage the system.
Power Production
The average household will find the solar thermal covers 70%-90% of their hot water production over the course of a year.
 Repairs and Maintenance
If you have a system that is not working properly, call us to evaluate the issue and provide you with the answers to get your system producing again.
Cost
Pricing will be based on the time and materials required to rectify the situation.
SREC Aggregation
There are a number of financial incentives available to help you reduce the cost of a solar project and improve your return on investment. In addition to federal and state incentives, one of the best ways you can improve your solar project's economics is to monetize the SRECs associated with your solar project. This page provides you with an overview on SRECs and options available to you.
What are solar renewable energy credits or SRECs?
The value of SRECs in a given state is quantified by three major factors:
RPS Compliance Fee Schedules dictate how much energy suppliers must pay for each SREC they fail to produce or acquire. As a result, SREC prices usually trade at or below the dollar amount of these compliance fees. In some states the fee remains the same dollar amount year over year while in other states, like New Jersey and Ohio, the fee decreases over time which will result in a decrease of the price for SRECs over time.
SREC Supply will increase in the coming years. As solar panel prices fall, solar will become more affordable and more popular. As more solar systems are installed, more SRECs will be available on the market. Additionally, as credit markets continue to improve, more large projects will become financeable and built, resulting in more SRECs. Both of these trends will put downward pressure on SREC prices.
SREC Demand will also increase in the coming years. The demand for SRECs in a given state is set by RPS legislation that determines the overall number of SRECs energy suppliers are required to acquire each year, and this number quickly increases year over year in every state with an RPS. Because SRECs are a compliance commodity, if there are more SRECs supplied than demanded in a given state market, the pricing for excess SRECs will likely be equivalent to pricing seen on voluntary SREC markets, which today trade at $15-$30 per credit.
Because of these factors, SREC values can vary dramatically from state to state. To find out more information about the requirements in your state, please visit www.dsireusa.org.
How can I monetize my SRECs?
Most residential and commercial system owners have limited options for selling their SRECs. Energy suppliers are not typically willing to engage directly with small system owners and most system owners have little price leverage. That's why we have partnered with Sol Systems, the largest SREC aggregator in the country, to provide you with reliable financing solutions that are tailored to fit your needs.
Sol Systems is dedicated to making solar more affordable for solar project owners.
Sol Systems offers:
- Competitive Pricing
Sol Systems utilizes its market expertise to secure the best pricing and secure products. Whether a customer selects one of Sol Systems' long-term SREC purchase agreements or a brokerage solution, they can rest assured that they are getting a quality return for their SRECs.
- Quarterly Payments
Sol Systems makes quarterly payments for customers that choose production based payments or the brokerage option.
- Streamlined Registration Process
When you sign up with Sol Systems, they will manage the registration and certification process with all required regulatory agencies so your system begins producing SRECs promptly.
- Best-In-Class Customer Service
Sol Systems has knowledgeable, hardworking, and friendly staff dedicated to serving our customers. Their goal is to de-mystify the SREC market and offer you a seamless SREC transaction process.
Sol Brokerage is a flexible SREC solution that lets you benefit from the risk-reward of spot-market rates with no effort required. Sol Systems will monitor SREC trading platforms and legislative changes, and will use their market expertise to establish a floor price and a target price for your SRECs. They will only enter into SREC purchase agreements that clear their aggressive floor and achieve their target SREC price. Each quarter, you will receive a payment for each SREC produced by your system. This payment will mirror the weighted average of SREC sales for that quarter less a 5% brokerage fee.
To learn more about your SREC financing options, please visit the Sol Systems website at www.solsystemscompany.com.
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