SOLAR  PANEL INSTALLATION

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Our solar panel installation team is committed to helping our customers enjoy all the benefits solar energy has to offer.

It is our mission to help end the use of land-degrading fuels by giving our customers the tools they need to produce their own clean energy.

With our solar panels, residents and business owners in California have access to their own clean, cost-effective energy, and they can finally break free from their monthly electric bills.

Our solar panels come with a 25-year manufacturer's warranty. This means your solar panels can help you save money and benefit the environment for many years, in addition to your immediate savings.

 

Why is California a Great State for Solar?

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Sunny Weather Means Maximum Energy.

Solar power can only be generated when panels can collect solar energy, and solar energy is collected most effectively when the panels can be placed in a location that receives a lot of continuous, bright sunlight for many hours per day. California’s climate sees well over 300 days of sunlight on a typical year, which means most solar panel installations that are set up properly will generate close to their maximum amount of energy all year round.

Our energy costs are also among the highest in the nation, which is great because that means your payoff period for purchasing a solar panel system will be even shorter and you’ll start seeing a return on your investment several years before people in other states will for the same system.

 

How Does Sunlight Become Electricity?

 

Particles of sunlight, or photons, hit your roof's solar panels.

The panels convert photons into direct current electricity.

DC electricity flows into an inverter, turning it into AC power.

AC power is then used to power your lights and appliances.

Your home or business will stay connected to a grid, so you will have access to solar energy day or night, rain, or shine.

A net energy meter will also track your power usage, 

 

How can it benefit you?

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More and more people in California, the US, and around the world have come to understand the great benefits of having solar panels, and demand is steadily rising. 

Some of the many benefits of solar panels include:

1. Renewable Energy – Going solar is a great way to reduce your carbon footprint. Since solar panels don’t rely on fossil fuels to create the energy that powers your home, they don’t create harmful emissions and are better for the environment. 

2. Huge Cost Savings – Kick those monthly electric bills to the curb for good! Because solar panels use the sun to produce energy, there’s no need for you to continue paying for non-renewable energy for your home. 

3. Return on Investment – There are many variables that go into determining how long it will take to pay off your solar system but, with tax credits and other incentives, it’s not unusual to break even long before the lifetime of your solar panels ends. Solar panels can also make you money by increasing the resale value of your home!

4. Solar Tax Credit – The 'Investment Tax Credit' (ITC) will give you up to 26% of your solar costs back as a credit on your federal tax return. You can think of this as a discount on the cost of going solar.                                                                                                                                          HOT ELECTRIC INC. IS NOT RESPONSIBLE FOR THE TAX CREDIT OR FOR ANY CHANGES MADE RELATING TO THAT! For more details on how this works we recommend you talk to your tax advisor or / and with the US Department Of Energy  (www.energy.gov).

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​Federal Solar Tax Credit

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A tax credit is a dollar-for-dollar reduction in the income taxes that a person or company would otherwise pay the federal government. The ITC is based on the amount of investment in solar property. Both the residential and commercial ITC are equal to 26% of the basis that is invested in eligible solar property which has begun construction through 2020.

As the saying goes, “all good things must come to an end.” And the solar tax credit is no exception.

However, the federal government recently extended the federal solar tax credit as part of a federal spending package passed in December 2020.

Under this new bill, residential, commercial, industrial, and utility-scale solar projects that begin in 2021 and 2022 will be eligible for 26% tax credit. This number will drop down to 22% for solar projects in 2023, and disappears completely for residential installs beginning in 2024.

 

Here’s a quick overview showing the value of the federal tax credit over the next couple of years:

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• 2019: 30%

• 2020-2022: 26%

• 2023: 22%

• 2024: 0% (10% for commercial projects)

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You can claim the credit in the same year you complete the installation.

The tax credit plays a major part in the return on investment you see from going solar.

Claiming the credit allows you to realize more immediate savings. We can’t recommend enough that you capitalize on the full 26% credit, because the value only shrinks after 2022.

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Who is eligible for the federal solar tax credit?

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Anyone who pays for a solar panel installation on their home or business they own, can claim the solar tax credit, as long as they have tax liability in the year of installation.

You must also be the owner of the solar panel system in order to qualify for the solar tax credit.

You are not eligible if you lease your solar panels or If you sign a solar PPA.

Basically, this means if you owe income taxes during the same year of your installation, and you are the owner of the solar panels you qualify for the tax credit.

Keep in mind, you can’t take a credit larger than the amount of taxes you owe, because the ITC is a “non-refundable” tax credit. You can, however, claim the credit over more than one year, and carry any leftover amount forward to the next year.

For example:

If your system costs $20,000, then you are eligible for 26% of that as tax credit, or $5,200.

But if you only owe $4,000 in federal taxes that year, then you will eliminate all of those taxes and still have $1,200 left over for the next year.

* HOT ELECTRIC INC. IS NOT RESPONSIBLE FOR THE TAX CREDIT OR FOR ANY CHANGES MADE RELATING TO THAT!

For more details on how this works we recommend you talk to your tax advisor.

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FINANCIAL PROGRAMS

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Are you interested in going solar but are concerned about the financial implications of this major transition?

We will help you go solar in a way that won’t break the bank.

We offer clients who choose energy efficient programs, (EV charger installation, solar installation) a variety of term options to best suit customers' needs.

You can choose an affordable term and payment to meet your specific needs. Secured / unsecured loans, whatever suits you best.

PACE program for solar and energy efficient projects - The state of California has partnered with many cities to allow responsible property owners  to make energy efficient, renewable energy upgrades to their residential and commercial properties.

It is100% no-money-down and100 % non-credit based financing for the property improvement projects.

You can enjoy year-round savings, comfort, and peace of mind, all while maximizing energy efficiency. No upfront costs or FICO score required.

It removes the headaches and barriers to financing a wide variety of residential and commercial property improvement projects.

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To help us provide recommendations for your system’s type and size, gather information about your home and electricity use, and contact us.

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• We will need to review your latest electric bill to determine annual usage. Your usage will be shown in kilowatt-hours (kWh).                            We will review each month of the year, as you may use more electricity in some months than others.

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For more details please give us a call.