The amount of solar energy a system will produce, is based on site-specific solar performance (referred to in the industry as its energy yield) and the system size.
The system’s energy yield is calculated based on several considerations:
In the above example, the solar system would offset nearly 50% of the building’s annual electricity use (300,000 kWh), leading to $25,000 of savings in the first year.
In addition, the 100 kW solar system would qualify for significant Tax Credits and continue to save on energy costs, while also lowering the strain on the local electric grid and supplying excess electricity to surrounding buildings!
Net Metering is a significant, and often overlooked, benefit of going solar. At the most basic level, Net Metering is what happens when your solar system produces more energy than your building can use. When this happens, your utility accepts the excess power back into the grid and sells it to other local customers, while paying you for providing the energy.
Solar Systems are incredibly reliable, given that there are no moving parts and only a few system components.Solar Inverters
Solar inverters typically last up to 20 years. It is important to plan for one inverter replacement during the life of your solar system.