Kelcy Pegler Jr., CEO of Roof Diagnostics, talks about how you can use solar panels to cut down on your electricity costs.
Below are some questions with answers provided by Pegler. For more information visit www.roofdiagnostics.com.
Is the install a hard process?
The “hard part” is actually the processing part of the project. A solar project includes architecture, engineering and system designers. Every project gets approvals from local town, utility, company and the state.
The Department of Energy (sunshot program) has provided grants to several U.S. companies to improve the processing part of a solar project. We are very excited for the process to get simplified and standardized. We think the improvement of processing could reduce solar project costs by more than 10 percent.
Is there a tax cut if you do this for homeowners?
Connecticut does not have a homeowner tax credit but the federal government pays for 30 percent of all solar projects. This is in place through 2016. The state of Connecticut has a Solar Renewable Energy Credit incentive platform where customers get paid for their solar output. These incentives provide some really unique and progressive ways to go solar – the most common way is going solar for free. There’s no upfront payment. Instead of paying your normal electric bill you pay a solar electric bill, saving money while saving the world!
What does it mean to “buy” energy? What are the other choices for energy besides electric and solar?
So until solar you just bought your electricity from the utility company that serves your area. Solar provides a choice: Instead of paying a bill to your local utility you get it from solar. Our second favorite question to ask our customers is: How did you chose your electric company? (Our favorite is: How much will your electricity cost five years from now?)
What is the typical money saved by a homeowner?
In a solar lease the average homeowner is projected to save $25,000 to $35,000 over 20 years. That’s roughly a 20 percent savings in electricity.
How about business? Is this investment worth it for a huge business versus using traditional energy sources?
Yes, many big businesses have turned to solar – most notably Apple, Wallmart, Google and Ikea. Solar is becoming a mainstream source of power.
When did the business start?
Solar started in the 1980s but really has taken off in the last five years, with creative financing and incentives.
Where? And do they do this in European countries where they seem to embrace alternative ways to save the environment and save money?
Germany is the world leader in solar. They have perfected the ease of adoption and have brought the solar buying process to the masses. This is interesting because Germany is not known for it’s sunny climate.
What are some of the businesses you have installed for?
Outside of home solar (which makes up the vast majority of our business) we have installed solar on churches and firehouses.