Are there tax incentives/credits/rebates from my state?
The southeast, especially Florida has some of the best physical and geographic conditions for solar energy production. Although incentives vary from state to state, all states benefit from the 26% tax credit from the federal government (Please see “Savings” section for more information on the 26% tax credit). For a complete list of the incentives in your state or county, check out the national DSIRE database that breaks down Solar Incentives for each state in the USA. Follow the link for DSIRE here: https://www.dsireusa.org/
Will I still receive an electric bill from my utility company?
Going off the Grid may be an option for some who choose battery backup systems like the Tesla Powerwall, however most of our Solar customers choose to stay on the grid. Depending on the utility company (co-operatives tend to be more expensive), you could be charged $9-30 a month for the metering fee required to keep you connected to the grid.
What is net metering?
Net metering is a way of measuring the difference you buy from your utility and the electricity your home solar system produces. Under net metering, any surplus energy produced by your home solar system is delivered back onto the grid and to your utility provider, which turns your bi-directional meter backwards. When the system produces more electricity than your home consumes, the utility may credit your account for the surplus energy generated. Consider it to be like a debit account for your home energy needs, these credits will power your home at night when your system is not producing electricity from the sun. Please refer to the “Net Metering” graphic in your welcome packet for more information.
How does the financing work? What is the billing schedule?
We utilize Mosaic Solar Loan and Sunlight Financial, customer-focused lending platforms, that provides $0 down financing with a low fixed interest rate, without putting a lien on the home like some other solar lenders. The solar system is marked as collateral in case one defaults on the loan, and there is no out-of-pocket costs prior to your first loan payment. You will never be charged until your system is installed and operational, and there is a 30-day grace period from the loan signing in which all interest owed is forgiven. If there is a significant delay in your installation, Go Solar Power and Mosaic/Sunlight will work together to expedite the process and you will not be charged until your system is up and running. If you’re credit score, credit activity, debt-to-income ratio, and other requirements prevent you from getting qualified by Dividend Solar, we have several other financing options at our disposal that could be better suited to your particular situation. Please inquire with your solar specialist for additional financing options and information.