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Frequently Asked Questions

What is Net Metering?

The process of net metering provides system owners with the opportunity to gain extra revenue by selling their excess power to the grid while also making up for shortfalls via the grid. If the amount of energy generated is more than the amount of energy consumed, then the owner gets compensated for the excess amount. This is really important because your solar system produces energy during the day, but you also use energy during the nighttime.

What is the tax credit?

When you go solar, the government gives you a rebate on your taxes in the amount of 26% of the value of your solar system. For instance, if you purchase the system at $30,000, 26% of that is for you to keep. If you choose to finance, you get this added benefit without paying any money down for the system.

In December 2020, Congress passed an extension of the ITC, which provides a 26% tax credit for systems installed in 2020-2022, and 22% for systems installed in 2023. (Systems installed before December 31, 2019 were eligible for a 30% tax credit.) The tax credit expires starting in 2024 unless Congress renews it.

What if I plan on moving?

Installing solar on your home is not only an investment, but it's an investment that adds real value to your home. Many states are requiring that all new homes be built with solar already installed. The shift has already begun. You will not only sell your home faster, but you'll make more money too. According to the National Renewable Energy Laboratory, homes with solar panels sell 20% faster and for 17% more than those without. Buyers across the country have been willing to pay a premium of approximately $15,000 for a home with an average-sized solar array.

Is going solar expensive?

Not at all. We live in a time where it's never been easier or more affordable. The Department of Energy says that the U.S. solar industry has seen tremendous growth in the last few years. As a result, the cost of solar systems has dropped significantly. Powur believes that these savings should be passed directly to you. Today, in fact, solar is the least expensive option to get energy in most of the United States. Combine the tax credit with our zero money down option and you can start to see why it's almost silly to keep getting taken advantage of by the utility companies. One thing is for certain, these giant utility companies do not have our best interest at heart. They do not care about our environment. They do not care about the legacy we leave behind for our children's children. Isn't it time we take our power back?

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