A photovoltaic (PV) system is a series of panels mounted on the roof of your home which converts sunlight directly into electricity with no moving parts, no fuel, and no pollution.
Financial Benefits
• You produce electricity, so you do not have to pay power companies.
• Once you payoff your system, the electricity you produce is yours, free of charge. (See Payoff)
• In California we are fortunate to have both the funding from the California Solar Initiative and the Federal Energy bill to help you pay for your system. (See Rebates and Credits)
• If electricity prices rise more than expected (some predict electric prices will skyrocket), your system cost is the same, saving you even more. It is like owning your home; you own your electricity, and utility rate increases do not affect the electricity you generate.
• A solar electric system adds value to the sales price of your home. Studies have shown that for every $1 saved on the annual fuel bill due to energy efficient home improvements, the home's value increases by $20 or more.
• Panels are warranted for 25 years. Since there are no moving parts, they may last for much more than what they are warranted for.
• Don't forget, electric systems for a business, like any other equipment expense, can be depreciated using the MARCS 5 year depreciation schedule.