Why Solar Makes Sense & How It Works?

Solar Power

Declare your independence and break free from the frustration of always-increasing electricity bills. I am sick and tired of feeling powerless as utility companies keep hiking their rates year after year.

Going solar isn’t just about being eco-friendly – it’s my way of saying “enough is enough!” By tapping into the sun’s free energy with solar panels, I’m not only doing my part for the planet but I’m also taking control of my own energy destiny. Going solar is my best and my easiest way to a more independent and sustainable energy lifestyle.

Add Value to Home

Why solar? Because it increases the value of my home! A quick Google search will show you dozens of articles from places like Forbes.com, Zillow.com, ConsumerAffairs.com, CNET.com and much more. The most common metric you might hear is that solar adds 4% to 5% to the value of your home. If the average Denver-area home is $500,000 then adding 4% increases the value to $520,000 – this assumes you own the system.

Every home is different. Depending on your state the value of the system could be anywhere from $2,000 per kilowatt to almost $6,000 per kilowatt. One local Colorado appraiser valued a homeowner-owned solar system around $4,000 a kilowatt. This means a 7 kW system would be worth $28,000 to the value of the home.

Why does the value go up? It is because you are putting an energy-producing asset on your property (usually your roof). Guess what? Every time the utility company raises their rates the value of your solar system is going to increase as well.

Save Thousands

Many of Valor’s solar clients are saving $40,000 to $50,000 and some more than $75,000 over the life of their solar system. What would you do with an extra $50,000 over the next twenty-five years? Would that help pay for college? Take amazing vacations? Boost your retirement fund?

Protect the Planet

If you care about the future for our children or our grandchildren then you care about planet earth. Choosing to go solar is one of the brightest choices you can make. When you “go solar” you are saying no to dirty energy sources that harm the environment. The solar panels on your roof do not pump out pollution, they are not emitting greenhouse gasses, and you are helping combat climate change.

This is your chance to finally be part of the solution. This is your chance to be a hero to your children, your children’s children, and your community. Even if your system can only offset part of your electrical usage you are still making a difference with a positive impact on the environment that will contribute to a greener, cleaner world.

Tax Credit

Who doesn’t love a good deal? Right now, the federal government is essentially putting solar systems “on sale” for homeowners. If you have taxable income, you’re eligible for a generous 30% tax credit based on the cost of your solar setup. It’s like your own personal discount on a cleaner, greener energy future.

This is a limited time offer and the government has only allocated so much money for this program. Everyone’s financial situation is different. We always recommend you discuss the impact of tax credits with a knowledgeable accountant. Guess what? If you do not have taxable income there are still some amazing solar options available. Message us and schedule your complimentary solar proposal to see what might work for you.

Net Metering

Right now the state of Colorado, and a few other states, still offer 1:1 net metering for residential solar systems. THIS WILL NOT LAST! Several states have started reducing how much they are willing to pay/credit homeowners for the energy they produce with their residential solar. Some states have completely eliminated it altogether. The winds of unfavorable regulation are blowing as utility companies fight against net metering. If you don’t act now you could lose your chance to lock in your 1:1 net metering rate.

How Solar Panels Work?

SOLAR VOCABULARY

A quick tip: check out some vocabulary you should know when looking at solar. Note, below are basic concepts and not an in-depth or exhaustive explanation for each piece of your new solar system.

Solar Panel, a.k.a. Solar module, or just module. – These are the panels installed, usually on your roof, to collect solar energy. When the sun shines on your roof, the sun’s energy, in the form of photons, hits the solar cells in your panel. The design of the solar cell converts the sun’s light into electricity through a photovoltaic effect. Thus a PV solar panel.

Inverter – the electricity generated by your solar panels is direct current (DC) and needs to be converted, or inverted into alternating current (AC) so it can be used in your home and by all your appliances.

Electrical Panel – the energy passing through the inverter is then directed to your electrical panel, usually outside your home, that feeds energy to your home and appliances. Excess energy flows through your electrical meter and back into your neighborhood power grid. Again, this is a very basic explanation. We have not touched on battery or storage options. If your panel is too old or too small your new solar system may require a “main panel upgrade” or MPU where an electrician upgrades the guts or your electrical panel.

Electricity Meter – Most of us are familiar with the concept of the electrical meter outside our home that your utility company uses to monitor how much electricity we use so they can bill us. Almost all of us along the Colorado front range now have a new “smart” meter that is way more accurate and allows for your friendly utility to bill you MORE during their “time of use” programs (smart meter).

Net Metering – A “net meter” is a bi-directional meter that tracks how much energy you pull from the electrical grid (your utility company) and how much energy you push or provide (or sell back) to the utility company. If you use more energy than your solar system produces then it will track how much energy you use from the utility company’s grid above and beyond what your solar system produces. If you produce more than you use then you will receive a credit for how much energy you provide to the grid. Thus it keeps track of the “net” usage for your home. You need to look at solar now before the 1:1 net metering relationship is reduced or eliminated. Seriously, don’t wait!

The Grid – When people talk about “the grid” in the context of residential solar we are essentially referring to the utility company’s infrastructure that supplies energy to your home, neighborhood, local businesses, and surrounding areas (city, county, etc.). Generally speaking, if you do not have solar, then all your electricity comes from the grid. If you do have solar then you are feeding energy into the grid when you’re not using it and pulling from the grid when you do use it (like at night, when you’re home from work). This energy is used, produced, and tracked on the grid in units of kilowatt-hours (kWh).

Solar System – Do you remember in 4th grade when your science teacher taught you about the sun, the planets, and our solar system? It was pretty exciting back then to learn about stars and planets and orbits. When Valor talks about solar systems it gets even more exciting because we are talking about an energy-producing asset that takes advantage of unused space on your roof that can lock in your electrical bill before it goes up again, saving you tens of thousands of dollars over the next twenty-five years, increase the value of your house, and grants you the title of a hero for doing your part to build a sustainable, renewable energy future for the planet. Whew! How’s that for a run-on sentence?

There is a lot more to know. We could talk about watts, kilowatts, shading, maximum system sizes for your area, and more. What is important is whether or not solar on your home makes sense for you and your family’s situation. If you’re curious, just send us a note. One of our reps can prepare a complimentary, custom-designed proposal based on your electrical usage.

Valor’s Service Area

  • Golden

  • Greeley

  • Greenwood Village

  • Highlands Ranch

  • Indian Hills

  • Lakewood

  • Lafayette

  • Littleton

  • Lone Tree

  • Longmont

  • Louisville

  • Mead

  • Morrison

  • Niwot

  • Northglenn

  • Parker

  • Roxborough

  • Superior

  • Thornton

  • Westminster

  • Wheat Ridge

  • Arvada

  • Aurora

  • Bailey

  • Boulder

  • Broomfield

  • Brighton

  • Castle Pines

  • Castle Rock

  • Commerce City

  • Conifer

  • Dacono

  • Denver

  • Edgewater

  • Elizabeth

  • Erie

  • Evergreen

  • Firestone

  • Fort Collins

  • Franktown

  • Frederick

  • Genesee

  • Glendale

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