You might be thinking — this all sounds great and solar seems like a good idea, but what's it going to cost me? We like to think of solar power as an investment like any other – determine the upfront costs, calculate the benefits, and figure out how long it takes to see a return on your investment. Turns out that solar is a great bet! Your solar contractor will help you determine the financial benefits.
As an added bonus, building owners with roofs in need of upgrades may be able to include the cost of the roofing improvements into the 30% federal tax credit. Combined with the depreciation allowance for the new roof and solar system, the return on investment is even greater. For agricultural enterprises, grant funding for investment in renewable energy and energy efficiency is available from the USDA.
SREC= Solar Renewable Energy Certificate. The SREC is sold separately from the electricity and represents the "solar" aspect of the electricity that was produced. The value of a SREC is determined by the market.
The size of the system you choose will depend on many factors including your roof space and orientation, your budget and how much electricity your family uses.
Note: The SolarizeRVA price is for a roof-mounted turnkey solar electric system. Your home or business may have special factors that could cause the price to increase and your contractor will identify those issues up front and include those in the price quote. For example, if you have some shading on your roof from trees, your contactor may recommend advanced technology to reduce the impact of shading on your systems performance. Some roofs may require structural upgrades or may not accommodate solar systems and a ground mounted system may be required.
To get a preliminary quote, just fill out our Contact Form and we'll be in touch to schedule an assessment.
Not only does SolarizeRVA provide a discount on the total cost of your solar PV system, but many options are available for solar financing including those with Admirals Bank or others you may choose. Admirals Bank's loan program is specifically geared towards renewable energy installations and home energy efficiency upgrades. It offers:
Through this program or other low-interest loans, you may be able to set up a monthly loan payment that is close to your monthly utility savings.