Resources + Additional Info


THE FOLLOWING INFORMATION IS BASED LARGELY ON RESIDENTIAL CONSIDERATIONS FOR SOLAR AND BACK-UP POWER. IF YOU’RE INTERESTED IN CONSIDERATIONS FOR YOUR COMMERCIAL PROPERTY, PLEASE REACH OUT DIRECTLY! THERE ARE EVEN MORE REASONS TO GO SOLAR IF YOU’RE A BUSINESS OWNER!

Check out our ENERGY FAQs below!


SOLAR SYSTEMS

Solar panels generate their own electricity by converting the sunlight (photons) they absorb in to DC (direct current) power. This current is then inverted into AC (alternating current) power through a device(s) called inverters. AC is the type of electrical current our power grids, and we as consumers, utilize everyday. Solar systems can be installed on your home, shop, barn etc. or anywhere on your property using a ground mount. They can also be utilized in the same way for commercial businesses. The number of panels/size of system you need, is determined by your home or business’s energy consumption.


BATTERY SYSTEMS

Battery systems are home energy solutions that allow you to store surplus energy generated by your solar panels and/or generator. This power can then be utilized while solar panels are not producing or if the power grid is unavailable. I.e. after the sun goes down, before clearing snow off panels, in case of a power outage, etc. Batteries are also a great option for if you’re looking for fully off-grid capabilities.


GENERATORS

Back-up, whole home or standby generators, are used to power your home and are permanently installed on your property. They utilize a fuel source, like natural gas, and are tied directly into your electrical system.


ENERGY SYSTEM CONSIDERATIONS:


RETURN ON INVESTMENT

We know that generating and storing your own power saves you money and reduces your reliance on an already strained power grid, but what are the benefits long term?

The most obvious ROI for solar panels is the instant equity that your home receives! According to EcoWatch, a science-based news publication, the average boost in equity is $6,000 for every kilowatt of panels installed on your home or property. Add in batteries and/or a generator and you’re well on your way to recouping your investment!

Beyond that initial boost, there is the monthly cost savings. The money you are keeping in YOUR pocket, rather than handing it over to the power company. This monthly amount varies, especially if you’ve financed your system, but soon enough you’ll own your own power outright and that savings will be straight to your wallet!

In the U.S., the average payback on a solar system is under 10 years!

INCENTIVES

Beyond the immediate and long term ROI, are there any additional incentives for going solar?

YES!

There is both federal and state tax incentives when you go renewable in Idaho!

The state’s tax deduction, the Residential Alternative Energy Tax Deduction, allows taxpayers an income tax deduction of 40% of the cost of a solar system that generates electricity. This applies the year that the system is installed and an additional 20% can be deducted each year for an additional three years. The maximum deduction in any one year is $5,000. The total maximum deduction is $20,000. The state of Idaho wants YOU to go solar!

In addition to the state of Idaho, there is the federal tax incentive. After installing a solar system, you can file for a federal tax credit to recoup 30% of your total costs! There is no maximum dollar limit on these credits either!

Although, because this is a tax CREDIT, you cannot receive more than your tax burden back in any given year. BUT, if you do not receive the full 30% back the first year, it carries forward to future tax years!

FINANCING

While solar and back-up power often make great financial sense for homeowners, it is still an investment. How you choose to make that investment is an important consideration. Many customers choose to pay for their systems upfront, but for many others, that’s simply not an option. That shouldn’t keep you from going solar though! There are multiple financing options out there to fit a variety of needs and the interest rates have been dropping!

It can all be a bit confusing and having a reputable energy company to guide you through the choices is a must. Are you more interested in a longer loan term or a smaller interest rate? What about those lender fees? There’s a lot to navigate, but we can help!

BDE offers multiple financing options and we can also assist if you’d like to explore other options, such as a personal or home improvement loan with your trusted financial institution. Solar specific loans are also being increasingly offered as the solar industry continues to boom!

Whatever financing you choose, you are setting yourself up for consistent, budget-able monthly payments and you will no longer be victim to surprise power bills!

POWER GRID

Currently, your property’s electricity is provided by your power company via the power grid. With SOLAR and BACK-UP POWER, you generate and store your own electricity at your home or place of business. After utilizing the electricity you need, all excess power that has been generated is given back to your power company via the grid. Your provider then awards you credit on your monthly bill through their net metering program. The credits are based on each kilowatt of electricity your system generates for the grid.

This is beneficial to you in a few ways. Obviously there is the power you are generating at no cost from your panels as well as the bill credits you receive for the excess electricity that is provided to the grid.

But there is also the added benefit of not being reliant to the power company/power grid. We’re all aware of the rapid population growth here in Idaho and the strain that places on the grid. We’ve also all experienced the rising fees on our power bills. Solar and back-up power systems relieve both of these issues! You no longer have to worry about power outages, or rising monthly fees.

MATERIALS

Another consideration for solar, and back-up power, or any project for that matter, is the project’s components. Combining the latest technology, with the highest quality and cost effectiveness, is important to both your budget and your return on investment. You don’t want technology that is going to be obsolete in the future, and you want a system that allows for changes and/or growth down the road. You also don’t want to compromise on quality when making a long term investment! These components need to last!

That being said, we can’t forget that you need to keep your budget in mind and ensure that your system is sized correctly for YOUR energy needs. Having an energy company that works with a variety of vendors and who are experts in the options, allows you to get a system tailored to your budget and energy needs, while still ensuring quality, up-to-date technology that will LAST.

WARRANTIES

You’ve decided to make an investment. You’ve found a reputable provider who designed a system perfect for your energy and budget needs. Before you get anything installed, make sure you check into product and craftsmanship warranties!

Solar systems are designed to last a LONG time and should the need arise, you want to make sure you’re getting a company who will be there to support you for the long haul.

Customer service, beyond the install, is important for ensuring your peace of mind. Maintenance, for your system, is important for ensuring the health and efficiency of your investment for years to come.

Solar materials come with their own various warranties, many lasting 25+ years. Talk with BDE staff for specifics on the products you are considering!

And beyond the product warranties, BDE also offers craftsmanship warranties on all work performed during a BDE project. You can count on Black Diamond to be there for the long haul! Ask us about craftsmanship warranties on your project!


 

ENERGY SYSTEM FAQS: