solar savings

Solar Now or Solar Later?

Solar costs have been steadily decreasing year by year, leading homeowners to wonder if they should invest in solar NOW, or wait and save money on the installation costs. The overall financial savings that installing solar will provide come from several different areas, which don’t all have to do with the initial install cost. 

Is now the right time to invest in your Solar Panel System?

The first cost associated with switching to solar power is the cost of the solar panel system. According, to Energy Sage the average 6-kilowatt residential system costs about $18,300 before taxes and rebates

If the current solar trend continues, the cost of the solar panels themselves may continue to decrease bringing your initial input cost down. This is a fact that cannot be counted upon, and may end up costing you more in the long term. Changes in government policies, tariff agreements, and overall natural disasters all have the ability to increase solar panel pricing. 

Another variable that will also affect your solar decision are the cost benefits you are missing while waiting to pull the trigger on renewable energy. First, you will still be susceptible to rising electricity costs from you power company.  Electricity costs have been steadily rising for the last few years, and customers are now searching for other options. The average US home spends $1,400 per year on electricity. By installing a solar system you would be able to eliminate this annual cost, and protect yourself from rising electricity rates for every upcoming year. 

The second variable that should affect your switch to solar is the the rising popularity of renewable energy. Currently, the federal and state governments incentivize home owners to switch to solar energy for the betterment of Americans as a whole. The current federal renewable energy tax credit is at 30%, but will start reducing after 2019. This is the LAST year to get the FULL federal renewable energy tax credit.  To take advantage of the full tax credit call us today at (303)731-5198 or fill out this form

Home Batteries: Protect your family and your finances.

Home Batteries

If you are making the switch to solar power the next logical step is to consider a home battery. Being able to store that beautiful solar energy for future use takes you one step closer to being off the grid, and escaping from under the thumb of your energy provider. It also protects you and your family in black outs and from ridiculously high energy costs during peak usage hours.

Recent research indicates that 74% of people shopping for home solar power are also interested in home energy storage. And while fewer than 20% of people who buy solar end up with a battery to go along with it, there are signs that might be changing soon.

Home storage batteries are at their lowest price ever, and new incentives on the state and national level are making them even more affordable.The main benefits are avoiding peak electricity surges and protecting yourself from blackouts. 

If you’re already considering solar and you want to know about home energy storage and incentives, contact Go Green Electric today. If you’d like to learn more about home solar batteries and how they work, we will get into some of the basics. 

What kinds of batteries are available for homeowners?

When we talk about modern “home energy storage,” we’re talking about the range of newer technologies that are specifically designed to make home energy storage easy, smart, and relatively unobtrusive. 

Lithium-ion

When it comes to home batteries, these offer the most bang for your buck. The technology is tested and has already been used in smart phones, hybrid cars and much more. When it comes to home energy storage at Go Green Electric we recommend two different options:

Tesla Home Batteries

We are as excited about the Tesla battery as you! It promises to reinvent battery technology and therefore how we think about storing solar energy. Tesla also promises that it will be very cost effective. Go Green Electric will install Tesla Powerwall once it becomes available. In the meantime there are ways to prepare for a future installation.

SolarEdge StoreEdge Inverter

The StoreEdge inverter (manufactured by SolarEdge) is directly compatible with the Tesla battery and is something Go Green Electric is installing. If you are thinking about a Tesla battery system for the future, the StoreEdge is the perfect first step.

What are the benefits of Home Storage Batteries?

Lithium batteries are probably the best choice for your solar powered home. The benefits of home battery storage are great, especially when it comes to protecting your loved ones. First and foremost, home batteries can provide peace of mind, because they can protect you during a power outage.

Having the lights on at your home when your area is hit by a power outage has a value that can’t be expressed in terms of money, but is measured in the safety and peace of mind of your family. But there are other benefits of home energy storage that can be quantified.

Save money by taking advantage of time-of-use

The way you save money with a home battery is by avoiding the high cost of on-peak electricity under a time-of-use billing plan. On a time of use billing plan, electricity is cheap when most people aren’t using it, and more expensive when they are. The majority of Americans do laundry, cook and consume media during the afternoons and evenings leading the power companies to charge more during those times. Most time of use plans charge the highest prices during the afternoon and evening hours, when people are cooking, watching TV, and washing and drying their clothes. In Colorado TOU rates vary by season, so you can avoid the winter blues in your check book as well as in your home.

If you have questions about pricing, or want more information about home battery systems call us today at (303)731-5198 or contact us today.



Everything you need to know about the 2019 Solar Tax Credit.

What is the Solar Tax Credit, and how does it apply to me?

Are you ready to finally go Solar? We are sure you’ve heard of solar and green energy incentives, but never really looked at how exactly the solar tax credit could benefit your life. We are here today to answer those questions once and for all. As a Colorado resident you already benefit of over 300 days of sunshine per year. Why not take advantage of all the beautiful renewable solar energy and also have the federal government give you back 30% of the cost of installing your solar panel system.

The federal solar tax credit, also known as the investment tax credit (ITC), allows you to deduct 30 percent of the cost of installing a solar energy system from your federal taxes. The federal solar credit to both your residential and commercial systems, and there is no limit to how much you can spend and therefore get back. According to the Energy Sage the average solar customer saved over $5,000 on the cost of going solar last year. To take advantage of the full savings make sure to contact us today, because 2019 is the LAST year to earn the full 30% Solar Tax Credit, so make sure to schedule your Go Green Solar Estimate today!

Do I qualify for the solar panel tax credit?

As long as you OWN your solar energy system, you are eligible for the solar tax credit. According to Energy Sage even if you don’t rack up enough tax liability to claim the entire credit in one year, you can “roll over” the remaining credits into future years for as long as the tax credit is in effect. However, remember that if you sign a lease with a solar company, you are not the owner of the solar panel system, and thus you cannot receive the solar tax credit. It is in your best interest as a home or business owner to own your solar system out right in order to take advantage of all the benefits. To look into solar financing options Go Green Electric a call at (303)731-5198.

How do I claim the solar tax credit?

You claim the solar tax credit when you file your yearly federal tax return. Make sure to let your accountant know that you went solar in the last year. Call or Contact us today, and we can answer all your questions in regards to your