I.B.E.W. 400 - About local 400

Residential Solar Systems

A solar electric system is an investment that will add both immediate and long-term value to your home. Our systems can save you a substantial amount on your utility bills from the very first day it's installed. In fact, our research shows that customers' bills decreased by 73%, on average, after modules were installed

Our systems allow you to be your own utility company, protecting you from rate increases. Depending on the size of the system you choose, you may even produce enough energy to sell back to the utility company, further reducing your energy cost. If you ever decide to sell your home, research shows that buyers are willing to pay a premium for a home with a solar module.

A solar system also allows you to make a positive impact on the environment. Because you're creating clean, renewable energy, you're reducing harmful greenhouse gas emissions and improving air quality, which benefits all of us.

Solar systems provide numerous financial and environmental benefits. Governments and utilities now offer incentives encouraging homeowners to adopt this technology. New Jersey, for example, has many programs such as rebates, tax credits, and the Solar Renewable Energy Certificate Program (SREC).

How Your Residential Solar System Works

Your home will use energy produced by your system, but it will remain connected to your utility. If your home uses more electricity than you generate, power will automatically be drawn from your utility. If you produce more electricity than you need, your meter will actually spin backwards and the excess will be sold to the utility for an automatic credit towards your next bill. Whether the electricity is from your solar system or from the utility, your home will continue to run smoothly.

1.Solar modules convert sunlight to direct current (DC) electricity.
2.The inverter converts solar electricity (DC) into household current (AC)
3.The utility meter spins forward when you draw electricity from the utility and backwards when your solar system generates more electricity than you're using.

Tax Credit for Homeowners

Residential Solar Investment Tax Credit (IR Code S25D). The bill extends the 30% ITC for residential solar property for eight years through December 31, 2016. It also removes the cap on qualified solar electric property expenditures (currently $2,000), effective for property placed in service after December 31, 2008. The bill allows individual taxpayers to use the credit to offset AMT liability, and to carry unused credits forward to the next succeeding taxable year. The $2,000 monetary cap on solar water heating property was not lifted and remains in effect.

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