GRID TIE SOLAR FOR HOME AND BUSINESS
Grid tie solar systems are photovoltaic (PV) power systems which generate electricity. This type of solar system is installed and connected to the utility grid. This is the most common and cost effective type of solar panel installation available today. A grid-tie solar panel system is for you if you are looking to save money on electricity costs by generating clean, renewable energy right at your home or business.
BENEFITS OF GRID-TIE SOLAR
✅ Lower Electricity Costs
By paying cash or utilizing a fixed-rate solar loan, having a grid-tie solar system reduces your electric bill from the utility as you are generating clean, renewable energy right on your roof. You can save the most money by prioritizing high electricity use during daylight hours.
✅ Ability to Sell Back Excess Energy
If you are producing more energy than you consume, the excess electricity generated from your solar panels can be sold back to your utility as a credit to your account.
✅ Increased Home Value
Homes with solar panels are shown to increase the selling price and overall value of a property. If you are worried about selling your home with solar panels, consider how a potential buyer may feel about having lower electricity costs.
Downsides to Grid-tie Solar
❌ Only Available For Home and Business Owners
If you are currently renting your home or leasing your office space, you will not be able to install solar panels on the property. That decision is up to the owner.
❌ Shuts Off When the Power Grid is Down
If the sun is out, but the power grid is experiencing a blackout, unfortunately, your solar system will turn off its inverter and stop producing electricity. This is to ensure the safety of the workers repairing the downed power lines, as any electricity flowing through the grid would be a safety hazard.
Residential vs. Commercial Grid-tie Solar
These solar systems are best used as a solution to lower the electricity costs of a home or business that is already tied into the grid. Whereas, businesses usually require much larger arrays, the idea and process behind residential and commercial solar applications is largely the same. It is important to note that the Federal Solar Investment Tax Credit will be available indefinitely at 10% for commercial applications, but the timeframe changes often for homeowners and currently is available at 30% of your total solar system cost for all installations in the U.S. completed through 2032.