Typically, there are three factors that will determine the size and cost of a solar system:
i. The amount of energy you currently use – it is not recommended to install a solar PV system capable of producing more annual energy than you currently use. If you produce more energy on a given month, you will receive “roll-over credit” for the excess kilowatt-hours on your next month’s balance. However, at the end of the year, you will be paid by the utility for the annual excess kilowatt-hours at a lower rate than at which you are billed. Therefore, we recommend installing a solar system capable of producing as much energy as possible, but not to exceed annual consumption.
ii. The amount of available roof space – Our engineering is detailed and meticulous in determining the number of solar panels that your roof can safely fit. During our free on-site consultation, we will determine how many panels can fit on your solar-eligible roof space. Eligible roof space is not northern facing, is clear of shading and obstructions, such as vents or air conditioners.
iii. Your budget for the project – We will work with you to teach you the solar cost structure and how the return on investment with solar works. We have teamed up with Admirals Bank (www.admiralsbank.com/) and are proud to offer financing for solar projects up to $40,000 to all eligible customers. To customers interested in taking out a solar loan to finance their solar project, we recommend structuring the loan in such a way that the only amount due monthly for the solar loan is roughly equal to the amount of money saved on your monthly power bill after installing a solar PV system. Structuring the loan in this way will make the transition to solar seamless from a monthly budgeting standpoint. The difference is that the source of your energy is now clean and renewable. Additionally monthly payments towards a solar loan are essentially building equity towards your eventual full ownership of your energy production. Whereas purchasing power from the utility in effect, has no return.