Beyond Solar Installation Services
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, we can design a system within your specifications.
We do have options for storing power, but we do not install off-the-grid systems because the technology is not there yet. Getting off the grid currently requires expensive and inefficient battery systems, and off-the-grid systems are often ineligible for many credits and incentives.
Very little maintenance is required, as there are no moving parts and the panels are tilted with the roof so that they shed the weather. They are made of sleek glass and aluminum, and snow will melt off of them with any exposure to light
The panels are warranted for 25 years, which covers most of their normal life span. In the event of a malfunction, the manufacturer would replace them per warranty, just like any other household appliance.
Yes, but the added weight is equivalent to another layer of shingles on your roof. Our solar systems are designed and installed within compliance of all structural and safety codes by experienced engineers and licensed contractors.
When you install a solar energy system on your property, you save money on your electricity bills and protect yourself against rising electricity rates in the future. How much you can save depends on the utility rates and solar policies in your area
The amount of power your solar energy system can generate is dependent on sunlight. As a result, your solar panels will produce slightly less energy when the weather is cloudy, and no energy at night.
Solar panels convert sunshine into power, so if your panels are covered in snow they can’t produce electricity. Snow generally isn’t heavy enough to cause structural issues with your panels, and since most panels are tilted at an angle the snow will slide off. If snow does accumulate, your panels are easy to clean.
Solar power systems that include solar batteries, known as solar-plus-storage, are increasingly popular, but can be pricey. Luckily, batteries are not necessary for most solar homeowners. As long as you are connected to the grid, your system does not need a battery: excess power goes back into the grid, and you can draw from the grid if you need more electricity than your panels can generate.
Benefits of Residential Solar Power
Solar pays every time the sun rises.
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?
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 Financing for Business
We work with banks, lending institutions and finance companies to find the best solar financing options available to you. We help you save on energy costs now and in the future.
Solar Financing Options
- Power Purchase Agreements (PPA)
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
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.
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.
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 a lower the lease payment.
- 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.
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.
Power Purchase Agreements
Under a power purchase agreement, an investor will buy and own the system and will sell you all power generated from the system. The key benefit is that you do not have to worry about financing the project (although you must qualify for financing by the investor). All you are obligated to do is pay for the power generated as monitoring and maintaining the system are the responsibility of the owner.
The basic structure of PPA is:
- Typical Initial Power Price: ~$0.07/kWh – $0.14/kWh.
- Typical Annual Escalator: 2-4%
- Typical Term: 15 – 20 year term options
Early Purchase Options
The Host shall have the option to purchase the facility from the Provider on the 7th, 10th, 15th and 20th anniversaries of the COD, at the greater of the Facility’s fair market value at the time of purchase or a scheduled value, which shall be set prior to signing of the PPA.
End of Term Options
At the end of the PPA Term, the Host shall have the options of entering into a new PPA, purchasing the Facility at the greater of its fair market value or scheduled purchase value, or having the Provider remove the Facility and restore the site to its initial functional condition.
Interested In Solar For Your Home?
Check to see if solar panels are good for you home by seeing how the sun hits your house. Simply click on the link and then enter in your address into the Google application!