Benefits of Solar Energy
Solar energy comes with multiple perks. Here are some highlights.
- Reduced carbon footprint: Using clean solar power lowers your dependence on fossil fuels, which release greenhouse gases that damage the environment.
- Better energy independence: Adding a battery backup lets you have trustworthy energy during grid outages and storms.
- Lower energy bills: Generating some or all of your own power will spend less on electricity long-term.
What Solar Incentives Are Available to Bellevue Homeowners?
Governments and utility companies often incentivize homeowners for going solar. Here are some of the rebates, tax credits or other programs you could qualify for.
Incentive Type: Feed-in TariffWebsite: energy.wsu.edu
FY 2021: $0.02/kWh - $0.10/kWh
Incentive Type: Sales Tax IncentiveWebsite: dor.wa.gov
100% exemption for sales of forest derived biomass used as fuel;
100% exemption for solar photovoltaic systems 10 kilowatts or less, and solar thermal systems;
75% exemption for other qualified systems
Incentive Type: Personal Tax CreditWebsite: ecowatch.com
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 Bellevue
The price and efficiency of solar panels often rely on which company installed them. Make your choice based on the following crucial aspects.
Licensing and Training
Solar contractors in Washington must hold an electrical contractors' license from the Department of Labor and Industries. In specific situations, the department may also conduct permit inspections to verify compliance and the integrity and viability of a contractor's job. Solar companies can also pursue accreditations from trade groups and standards organizations. The most prestigious ones in the industry come from the North American Board of Certified Energy Practitioners. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
Cost of Solar Panels in Bellevue
Your solar modules' model will influence how much energy you can produce. Monocrystalline panels perform the best but cost the most. Polycrystalline panels generate less, but they're a great traditional option for low budgets. Thin-film panels are excellent for non-traditional roof shapes and cost the least, but don't work well for large residential installations.
If you need to charge an electric car or use your solar power in inclement weather, you can pay extra for add-ons. By choosing the right components, you can make your system more effective and convenient to use. Not all solar companies offer these extras, so look for a provider that sells them if it's a priority for you.
You can plan to spend about $17,950 on average for a five-kilowatt solar energy system in Bellevue. Use the table in this section to get an idea of how much Bellevue solar companies might quote for your specific system.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Bellevue
Solar contractors offer multiple different financing options to increase your savings and lower your costs. Though some providers offer unique payment plans, the most common are power purchase agreements (PPAs), solar leases, solar loans and cash payments. Though it requires a large up-front payment, cash is the most cost-effective choice because it doesn't accrue interest and qualifies you for incentives. Solar loans are the second most effective 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 involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) lets you pay a monthly rate based only on the energy you use, as with an electric bill. We usually don’t recommend these two options because you won't own the system and cannot use solar incentives. We suggest working with a company that offers multiple financing options. Speak with each representative about what's available, and obtain more than one estimate for the best odds of keeping within your spending limits.
The table below lists the average payback periods for different capacities of solar systems in Bellevue.
The IRS allows you to claim a 26% federal tax credit on your new solar panels, so long as you purchase it before 2032. Local governments and utilities might also offer their own incentives, financing programs, and rebates that could save you more money.
|Solar System Capacity
|Estimated Payback period
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Frequently Asked Questions About Solar in Bellevue
How much energy and money could I save per year by switching to solar?
How prevalent is solar energy in Bellevue?
Will a solar PV system increase my Bellevue home price?
What if I live in a heavily-wooded or gloomy
What size should my new Bellevue solar system be?
What is the average payback period for Bellevue solar panels?
How are a solar lease and PPA different?
If you choose a lease, you'll make set monthly payments.
With both leases and PPAs, you don't own your panels and lose eligibility for most incentives. Further, you'll have to "buy out" or transfer the contract if you sell your home during the term.
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