Solar PV
Technology Improvements And the Power Purchase Agreement contract have Dramatically Improved The Solar Payback Period for Homeowners
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Solar PV Your Home
Panels
Solar panels, made up of solar photovoltaic (PV) cells, convert sunlight into direct current (DC) power. In essence, they turn dormant roofs into mini-electric power stations.
Inverter
The DC power is then transferred from the solar photovoltaic panels to micro inverters, where it is converted from DC power into alternating current (AC) electricity for your home. AC power travels from the inverters to the electrical panel, often called a breaker box. This power is now ready to use in your home.
Grid Connection
Ready To Go
Solar PV Benefits
Reduced Energy Costs – The bulk of Hawaii’s energy comes from burning fossil fuels, which have historically increased at least 5% year over year. Photovoltaic Systems only need the sun’s natural light, a free and limitless source of energy. This ability to generate power without any dependence on nonrenewable fuels translates into reduced energy cost, which, in turn, results in direct savings on your electricity bill. According to the National Renewable Energy Laboratory, the average residential Photovoltaic System can lower energy costs by as much as 50%, but Haleakala Solar can work with you to save as much as you want. Many of the individuals and businesses we’ve helped now generate their entire energy needs through their PV Systems.
Increased Home Value – In today’s market, green technology is gaining popularity with buyers and sellers of residential and commercial real estate. A recent study found that for every $100 saved per year through solar energy, the home’s value is increased by $2000. Thus, if you install a Photovoltaic System that saves $1000 in electricity cost per year, the added net value to the home would be $20,000. Since energy savings only grow as electricity rates increase, the value of your Solar System also appreciates over time. Furthermore, according to the U.S. Department of Energy, a home that has a Photovoltaic System, will sell faster, sometime 50% sooner than a home without a System, even in weaker markets.
Tax Incentives – As energy costs continue to rise, both Federal and State governments are offering tax incentives to encourage solar power. They understand that clean, renewable energy is good for the environment, the economy, and most importantly, for your family. Learn more about current Tax Incentives.