Solar panels, made up of solar photovoltaic (PV) cells, convert sunlight into direct current (DC) power. In essence, they turn dormant roofs into mini-electric power stations.
The DC power is then transferred from the solar photovoltaic panels to micro inverters, where it is converted from DC power into alternating current (AC) electricity for your home. AC power travels from the inverters to the electrical panel, often called a breaker box. This power is now ready to use in your home.
A utility meter keeps track of all the power your solar system produces. The meter continually measures your electrical supply; when your solar power system produces more power than you use, the meter literally spins backward. Excess electricity goes back into the grid, accumulating credit for you with the electric company. This is called Net Metering.
One of the great things about photovoltaic solar systems is that they are extremely reliable, efficient and durable. That’s why they are able to be backed up by long-term warranties.
In the last several years, solar technology improvements and demand have brought prices down to make it much more affordable for all of us.
Currently, the federal government provides a 30% tax credit or a 30% cash grant on on photovoltaic and hot water systems installed before December 31, 2016. The state of Hawaii gives a 35% tax credit. Combined, these incentives can take care of roughly two-thirds the cost of the system.
Haleakala Solar will guide you step by step on how to capitalize on these generous (and limited-time) programs.
This is the fun part. If the solar company calculated correctly, all your electric needs should be met entirely by your new system. Other than the minimum that your utility company charges to be hooked up to their grid, no electric bills to pay! It’s like having your very own mini-electric company. And the great thing about all of this... less dependency on dirty, foreign oil. Over the long haul, your monetary savings can be enormous. Find out more about all the financial benefits you can reap from your new photovoltaic solar system...