What you get from your investment
Many States including Hawaii have net metering laws that require utility companies to give homeowners credit for excess power produced by their solar electric systems. This means that your local utility company gives you credit for every kilowatt-hour of solar power not consumed by your home or business, reducing your electricity bill by the same amount. Your meter essentially spins backwards when excess power is produced. In addition to a marked increase in the value of your home, a professionally installed solar hot water or PV system will bring immediate return to your initial investment.
See the diagram below;
1= Solar PV Modules (panels) supplying DC power.
2= An inverter changing the solar DC power into 240V alternating current (AC) power suitable for household appliances and feeding into the grid.
3= Your home uses electricity from the solar panels with additional demand supplied from the grid.
4= A meter is measuring your electricity production and consumption.
5= Any excess electricity is exported to the electricity grid.
Latest News and Links
- Solar or Renewable Power Glossary
- Installation Process - Solar Water Heating
- Poncho's Special Offer - Solar Starter Kit
- Types of Solar Electric Systems
- Types of Solar Cells
- Solar Voltaic Technology
- What you get from your investment
- Power Produced by a Solar Electric System
- Hawaii Renewable Energy Links
- Hawaii Renewable Energy Tax Credit Form N-342 and Cash Credit form Schedule CR
- IRS Solar Energy Credit Form #5695
- Hawaii Solar Tax Incentives
- Why Solar?