Net Metering Solar is Key to Solar Industry Growth
Solar is a growing industry in America. Long Island solar installations are in high demand, and the conditions are similar throughout the nation. If you’re looking to save money with more reliable electricity, solar power on Long Island is the best solution available to you. Solar saves you money by reducing the amount of electricity that you buy from the grid. Net metering solar is a key part of the equation, and it will help to ensure that you get a strong return on your initial investment.
How Rapidly is the Solar Market Growing?
Just a few years ago, only a few analysts were predicting that solar power on Long Island and elsewhere would be growing as quickly as it is today. Residential solar power only generates a small percentage of the nation’s total electricity, but for the average homeowner, rooftop panels are a huge benefit.
In the second quarter of this year, solar set a new record for quarterly growth. This was the fifth straight quarter where the demand for solar increased.
While we still wait for all the data for 2022, we do have growth data for the previous year. Residential solar installations increased by 34% in 2021.
In January, 8% of American households had solar panels on the roof. Around 39% of households were considering making the switch at the time. The demand has been ramping up in recent months, thanks to a 30% federal tax credit on the cost of a solar installation. This solar tax credit was made possible with the recent signing of the Inflation Reduction Act.
Growth in the solar industry is good news. But it could also mean longer wait times for Long Island solar installations. At Long Island Power Solutions, we are carefully managing our workload, and have installed more than 5,000 systems so far.
Our advice to homeowners: If you are considering solar power on Long Island, now is the time to get the ball rolling, because demand is only going to increase after the winter.
Net Metering Solar Power on Long Island
Your Long Island solar installation will save you money by eliminating the need to buy electricity from the grid during the daytime. For most installations, the solar panels will serve the home’s needs while the sun is shining. In fact, most homes will generate excess energy during the day.
Net metering solar power on Long Island is a program that allows you to make the most of that excess energy.
You will have a special meter installed by your utility provider. When you produce excess electricity, it will be exported to the grid. The meter will spin in reverse when this happens. In effect, it offsets the electricity that you import at nighttime.
If you end the month with a surplus, or net difference, then this will roll over on your account.
Net metering solar power on Long Island makes the financial investment better in the long term. You could even receive a check from your utility provider if you export more than you import in a calendar year.
Get a Cost/Benefit Analysis to See How Your Long Island Solar Installation Will Perform
You shouldn’t have to guess about the potential savings of your Long Island solar installation. With Long Island Power Solutions, you won’t have to. Along with our free solar panel estimates, we also offer detailed consultations and cost/benefit analysis. With our team, you can learn just how good of an investment solar power will be. Start with your estimate today and get net metering solar installed by the most trusted contractors on Long Island.