Benefits of Solar Energy
Solar energy offers several advantages that will enhance your home for years to come.
- Better energy independence: Solar energy can keep your home running through blackouts and emergencies. You can use your solar energy anytime with optional battery storage.
- Reduced energy costs: Producing some or all of your own energy will spend less on electricity long-term. Plus, some states provide net metering programs that allow you to sell your surplus energy back to the grid, generating extra credits toward your energy bill.
- Reduced carbon footprint: Solar is a highly abundant clean energy source, meaning you can lower or beat your home's dependence on non-renewable sources.
What Solar Incentives Are Available to Boise City Homeowners?
The state of Idaho offers numerous solar incentives to help reduce your solar system costs. Here's a breakdown of applicable solar programs where you live.
Incentive Type: Loan Program
Website: oemr.idaho.govIncentive Amount:
Residential: $15,000
All others: $100,000
Incentive Type: Rebate Program
Website: idahofallsidaho.govIncentive Amount:
Air Source Heat Pump Conversion: Contact IFP
Air Source Heat Pump Conversion with Duct Sealing: contact IFP
Ground Source Heat Pump: $2,700-$3,150
Ductless Heat Pump: $720
Water Heater: $270-$450
Insulation (Attic, Floor, Wall): Varies, see program website for details
Windows: Varies, see program website for details
Incentive Type: Personal Tax Deduction
Incentive Amount:
40% in the first year; 20% per year for next three years
Incentive Type: Personal Tax Credit
Website: ecowatch.comIncentive Amount:
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in Boise City
The cost and efficiency of solar panels often hinge on which company installed them. Here are some key items to remember while shopping for a solar installer.
Licensing and Training
Idaho's Division of Building Safety recently began issuing solar photovoltaic contracting licenses. If it's a solar thermal system you're after, your installer must be a licensed plumbing contractor. You should also visit a company's website to learn about its private certifications. Two of the most recognized are the PV Installation Professional and Solar Heating Installer certificates, awarded by the North American Board of Certified Energy Practitioners (NABCEP). Some companies don't publish this information online, so you should also ask your estimator about them.
Cost of Solar Panels in Boise City
Your solar modules' type will affect how much power you can generate. Monocrystalline panels are among the highest quality and cost the most but perform the best. Polycrystalline panels offer you a budget panel with a traditional design, but at the cost of less power generation. Thin-film panels have a low cost and are excellent for non-traditional roofs, but aren't recommended for large home installations.
Additional accessories, such as battery storage and electric vehicle (EV) chargers, will increase your overall installation costs. However, they might make your solar system more efficient and convenient to use. Not every solar company provides these extras, so look for a company that sells them if it's crucial for you.
Generally speaking, it will cost about $17,300 for a five-kilowatt solar array in Boise City. This table displays more specific costs for different solar panel types and system components in your area.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,106 |
Solar Polycrystalline | $863 |
Thin-Film | $505 |
Solar Battery | $708 |
Solar Home EV Charger | $2,655 |
Financing Solar Energy in Boise City
There are numerous ways to pay for new solar panels, and the right one will reduce your expenses. A few of the most common options include power purchase agreements (PPAs), cash payments, loans, and leases. Though it involves a large up-front payment, cash is the most economical choice because it doesn't accrue interest and qualifies you for incentives. Solar loans are the runner-up option. As with a home or auto loan, you'll pay a monthly rate towards system ownership, including interest. You can still apply for money-saving solar incentives, and depending on your lender, you could put as little as $0 down. Solar leases let you rent your panels for a set monthly rate, while PPAs let you pay just for the energy you use, similar to an electric bill. Both options disqualify you for solar incentives and don't grant you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. Ask each installer you're evaluating about the payment plans it offers. A team member can help you determine the most suitable option for your pocketbook.
The table below lists the average payback periods for different capacities of solar systems in Boise City.
You are eligible for a 26% federal solar tax credit for new solar energy devices until the year 2032. Local and state governments and utility companies might also offer rebates, discounts, and unique financing solutions that could save you more.
Solar System Capacity | Estimated Payback period |
---|---|
1 kW | 2.4 years |
2 kW | 4.9 years |
5 kW | 12.1 years |
10 kW | 24.3 years |
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Frequently Asked Questions About Solar in Boise City
How much energy and money could I save per year by switching to solar?
How common is solar energy in Boise City?
Should I anticipate a boost in my property value after adopting solar power?
What if I live in a heavily-wooded or dark
What can I do to predict my home's solar viability?
How long does it take to pay back a solar loan in Boise City?
How can I enhance my solar panels' performance?
- optimize the panels' position with your solar installer
- regularly clean your solar panels
- upgrade to a more efficient inverter trim or cut down trees in the way of your panels
- use energy-efficient appliances
How many estimates should I get before making a final solar company decision?
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