Our designs use only the most reliable, highest efficiency PV modules, inverters and racking systems in the industry. This includes inverters from Enphase, SolarEdge, LG, and Outback Power. Where possible we prefer American-made components.
Enphase, SolarEdge, and SolarWorld all offer a 25-year manufacturer’s warranty. When installing a solar system, insist on the best equipment, module-level power optimization, and module-level monitoring. Have an equipment preference? We can get almost any available equipment on the market. Just let us know, and we can design a system within your specifications.
Benefits of Residential Solar Power
Reliable Investment
Solar pays every time the sun rises.
Sustainability
Reduce your homes impact on the environment.
Federal & State Tax Incentives
More than half of your installation costs will be recovered through income tax credits.
Protection Against Rising Utility Costs
Get your electricity directly from the sun. Your rooftop’s rate never increases.
Improved Property Values
Homes with solar sell for more than similar homes without solar. Think about it: who doesn’t want a house that produces its own electricity and has low utility bills?
Low Maintenance
Solar panels have no moving parts, rain keeps them clean, and they have a 25-year production warranty.
Flexible Financing Options
Go solar with no money down and see immediate savings.
Residential Solar Site Qualifiers
You might be wondering, “Is my home a good candidate for solar?” Here are some things to consider:
You Must Be the Property Owner
No Apartments or Condominiums: The homeowner must control the roof.
Ample Space for Roof or Ground Mounted Arrays
Little or No Shade: The best solar production comes when panels receive direct sunlight at least 6 hours per day.
Roof Age: Since solar panels remain productive for thirty years or more, you should install them on a newer roof that’s in good condition.
Roof Material: Alder Energy can install solar on most roof types, including composite shingles, standing seam metal, and 5V metal. We’ll analyze your roof to see if it’s suitable for solar.
Solar Financing for Business
Installing solar panels significantly reduces monthly electricity bills and dependence on the power grid. This energy independence protects against rising electricity costs.
Solar Leasing
We work with banks and other financing institutions to finance your system. Two common forms of leases are:
- Operating Leases (True Tax Lease)
- Capital Leases
Operating Leases
An operating lease is also known as a True Tax Lease where the Lessor effectively owns the system and the lessee simple makes a monthly payment. The lessee gets all SRECs and electricity savings for the term of the lease and the lessor gets all the tax benefits including depreciation. This method of leasing is popular for those that can’t use accelerated depreciation benefits, as one of the key benefits occurs at the end of the term where the lessee can return the system to the bank or choose to purchase the system or even renew the lease.
For a lease to be qualified as a true lease by the Internal Revenue Service, all of the following FASB conditions must be met:
- Transfer of ownership prior to the maturity of the lease is not allowed;
- There can be no bargain purchase option;
- The remaining economic life for the asset at the end of the lease must be at least one year or 20% of the originally estimated life; and
- The lessor has to maintain at least 20% of the asset’s value throughout the term of the lease.
Capital Leases
A capital lease is a loan offered by a bank where the lessee buys the system at the end of the lease term for $1. All tax benefits, SRECs, and electricity savings accrue to the lessee. Because the lessor does not get the tax benefits, capital leases usually have a higher monthly payment than operating leases.
Leasing Summary
The majority of our clients choose an operating lease. Factors unique to this method are as follows:
- With 100% financing, there are no out-of-pocket costs or down payments.
- The federal solar tax credit and accelerated depreciation are fully monetized and result in lower lease payments.
- Lease payments are treated as an operating expense making your overall taxes lower.
- Leasing acts as an alternative source of funds and preserves other credit lines for use in running your business.
Solar Loans
Although a majority of systems are financed through leases, a combination of equity and debt can also be used to finance the system. Most financing institutions require a contribution of 20% equity.
Interested In Solar For Your Home ?
Check to see if solar panels are good for your home by seeing how the sun hits your house. Simply click on the link and then enter your address into the Google application!
