Unlike solar, for which there are numerous loan financing options, the number of options available for storage are more limited. Typical options like home improvement loans and home equity lines of credit are available for use. Some solar loan providers, like Mosaic, offer financing for storage as well. If you have PACE (Property Assessed Clean Energy) financing available in your area, this may also be available for storage. In some areas third-party owned systems may also be available. Under these arrangements you get the use of the battery system for backup power and the battery owner uses it to provide grid services to the utility. This kind of arrangement is still very new and not yet widely available. Ask your installer about financing options they can offer from the manufacturer or from third-party financiers and compare them to what you can acquire on your own.
How do solar panels work?
Solar panels are made of highly conductive materials that use the sun’s rays to create direct current electricity. As most homes and businesses use alternating current, solar panels use inverters to turn the direct current into alternating current that then flows through your home’s property wiring, just like power from the grid.
Will my solar panels generate electricity during cloudy days?
Solar panels use the sun’s UV rays to generate power. Similar to how your skin can tan even if it’s cloudy, your solar panels will still generate electricity during cloudy and rainy days, just not as much as as a clear, sunny day.
What is net metering?
Net metering is a billing mechanism that credits solar energy system owners for the electricity they add to the grid. A solar pv system generates more electricity than the home uses during daylight hours. If the home is net-metered, the electricity meter will run backwards to provide a credit against what electricity is consumed at night or other periods when the home’s electricity use exceeds the system’s output.
How much will I save on my electric bills?
How much you save will depend on how much energy you use, where you live and what your utility company charges for electricity. But in most cases, Solarmates’ solar plus battery systems will off set 90% of your electricity use.
How soon will I notice a difference in my electric bills?
Immediately! Your solar PV system will start generating energy for your property the day it’s installed.
Are solar panels hard to maintain?
Solar panels require very little maintenance. In fact, your air conditioner needs more maintenance than your solar panels will. That’s because solar panels don’t have any moving parts and so there is very little chance of anything breaking.
How does the federal tax credit work?
The investment tax credit (ITC), also known as the federal solar tax credit, allows you to deduct 26% percent of the cost of installing a solar energy system from your federal taxes. Learn more about how the ITC can help decrease your cost for a solar panel system.
Will installing solar panels void my roof's warranty?
No. The products Skybeam uses will keep your roof under warranty. Skybeam also has its own workmanship warranty as well as warranties on all our system components.
Why is solar so expensive? How can I afford it?
Homeowners often believe that they will be paying the full amount of the cost for the solar panels upfront, or over a short period of time, when many homeowners qualify for 25 – 30 year loans, with monthly payments that are lower than their present monthly payment for electricity. Over the course of their loan many homeowners save as much as $75,000.
What do you mean "no money down?" Solar can't be free. What does it mean?
When Skybeam tells you no money down, we mean:
- There are no up-front costs
- The proposal and quote process is free of charge
- The installation of the solar panels are at no additional cost to the customer, no money upfront, no money down.
- Monthly payments are simple, no hidden fees, no surprises, it’s exactly what we tell you when you finish the credit application and qualify for a banking option.
Why it's a good idea to install storage batteries for your solar system.
Storing electricity in a battery bank can serve many purposes. In most parts of the country, battery storage for residential homeowners is mainly used to provide backup power during power outages.
When the utility grid goes down and you lose electric service, you can use a battery system to power some or all of your household electricity needs (called “loads”). The battery backup system works by isolating certain loads from the main utility system with something called an “automatic transfer switch”. You are then able to power these loads with electricity stored in the battery bank. Loads can range from small (light bulbs, a toaster, or hair dryer) to large (a refrigerator or a well pump). When the utility grid power returns, the backed-up loads in your home then automatically reconnect to the grid. The result is that these “critical” loads receive power even when the grid is down, switching seamlessly between utility electricity and stored electricity from your battery.
What’s the difference between battery backup and a generator?
Battery banks in a home serve the same purpose as a traditional generator that runs on diesel, gasoline, propane, or natural gas. Unlike a traditional generator, a battery backup system does not require you to buy and store fuel or rely on fuel delivery during an outage. When paired with a solar array, the battery will be charged with the solar electricity you produce. If you do not pair your batteries with solar, the battery will charge and recharge only from utility-supplied grid electricity. This limits its usefulness for backup power purposes during a utility outage as it will only be able to discharge once before needing the utility grid to be restored for it to recharge.
Powering your entire home with a battery system can get expensive. This is why many homeowners install a smaller battery bank to power select “critical loads”, such as medical equipment or a refrigerator, in their home during the event of a grid outage. If you feel strongly about powering your entire home during an outage, a whole-house fossil fuel-powered generator may be more cost effective.
How many batteries will I need?
The size of the battery bank you need depends on several factors and is specific to your needs and to your home. A qualified energy installer should look at the following to determine what you need:
1) What kinds of loads you would like to run while the power is out
Your installer should look at which appliances, lighting, and other loads you want to power in an outage in order to determine how much energy they will use over the time period you want to keep them running. To size your battery system, the installer will add up the required number of watt-hours per electrical load over the desired backup period and the maximum number of watts you’ll need at any given time during a backup period. Bigger loads like electric stoves, electric water heaters and whole-house air conditioners may not be able to be backed up.
2) Suitable space in or outside your home to place batteries
Depending on the type, batteries may need to be located inside or outside. If located outside, and depending on batter chemistry, they may need to be placed in a shaded, temperate area. Your installer might need to adjust the size of your battery system to accommodate your available space.
3) How long the batteries are able to run without being re-charged
A battery system that operates your appliances and lights for one day would be smaller than a system that can operate the same equipment for two days without being re-charged. Your installer will guide you through how long you want to be able to run your appliances, but for most battery backup systems the standard length of run time is one day, especially if you have solar on site to re-charge your batteries.
4) Your budget
Because batteries can be expensive, most people size their systems to only power critical electrical loads while utility service is out. Your installer will help you decide which loads you want to power with your battery given your budgetary constraints.
How do batteries work with solar?
Solar is the perfect partner for battery storage. A properly sized and configured solar system will re-charge your batteries on a daily basis, providing the fuel to keep your battery fully charged and ready for use. Unless you have special inverters which can allow you to use a portion of the array while the sun is shining, without batteries, your solar system will not provide electricity to your home during a power outage. This is because solar systems are required to automatically shut off if the grid goes down. This is done to ensure that they do not “backfeed” power onto the lines and injure workers that are repairing the electric line.
What’s included in the cost of batteries? How much are they?
There are several things that go into pricing out a battery storage system:
- Soft costs – installation, permitting, system design, labor
- Hardware costs – battery equipment, inverter, other electrical components
- Maintenance – visits from a qualified professional to ensure your system is operating properly
The cost of battery storage priced by an installer will include both soft costs and hardware costs and can range widely from ~$7000 to upwards of $20,000 because it is customized to the amount of energy a homeowner wants to power loads in their home during an outage.
Are there any incentives?
The Federal Investment Tax Credit (ITC) available for solar installations can also cover the cost of battery storage. This is not a refund or a rebate. The ITC provides a non-refundable credit you can count towards your federal tax burden. The credit is worth a percentage off the total installation cost of your battery system. For systems installed by the end of 2021 the tax credit is 26%. The credit is also 26% in 2022, then 22% in 2023, and goes away after that. Learn more about the federal solar investment tax credit. You file for the tax credit when you file your taxes for the year the battery was installed.
There are strict specifications for eligibility. This is based on how much the battery system is charged by solar. According to the IRS, a battery system on your home must be 100% charged by solar energy to receive the credit. This means the solar panels connected to the battery system must be the source of its power to qualify for the full federal tax credit. The rules are different for commercial battery systems. These systems can receive a portion of the federal tax credit if at least of 75% their charge comes from solar. See our Battery Storage Guide for more information.
Some states and jurisdictions are also beginning to offer incentives. Maryland, for example, offers a 30% state tax credit off of the cost of battery storage with a maximum credit of $5,000 for residential systems.
Will batteries make me money like solar does?
In most places in the country installing battery storage will not make you any money because the electricity rate structures do not incentivize the storage of energy in the home. For most homeowners, battery storage is about backup power and being more resilient.
How can I pay for my battery storage?
How do I get the app?
The SolarMates referral app is available for iPhone and Android devices. You can download the app from the App Store or Google play by searching “Skybeam Solar.” If you do not have a smartphone, you can use a computer and register online via visiting our website. Once you are registered, you will receive a confirmation text via SMS*. This will have your account information, and a link to download the app. Once you have downloaded the app, you can submit referrals on the go! *Message and data rates may apply.
Can I track my referrals?
You can! The SolarMates Referral app allows you to track from when they enter our system to when they make a purchase. You can see all of this on your Referral Detail page.
Who can I refer?
You can refer any homeowner who needs a new roof or is a good solar candidate!
How am I paid for my referral?
You can choose to receive your rewards via bank ACH transfer or wire transfer. ACH Bank transfer is free; there is a charge for wire transfer.
When do I get paid for my referral?
We pay our referral fees within 14 business days of the solar or roofing installation. But usually is paid sooner.
What is the referral process?
Download the SolarMates App via the Google Play Store or Apple Store and create a free account. Refer your friend via the referral App by selecting what product you are referring them for (Solar Panels or a New Roof) in the app then submit their information.
SolarMates will get in touch with your friend by phone to schedule a free consultation if they qualify for solar or a new roof.
What is the SolarMates Referral Program?
The SolarMates Referral program is an easy way to expand the use of solar and also earn some quick cash! The referral app is a way for you to refer friends and family members to Skybeam Solar . You can earn up to $2,000 for each friend that you refer.
Do I have to be an existing customer of SolarMates to refer people?
No, you do not have to be a customer of either SolarMates to refer people and receive rewards.
I want to sell my home in a few years. What happens when I want to sell?
Solar equipped homes tend to sell at prices from 5% – 10% higher than homes of similar location and size without solar. If you want to sell your home down the road, it still makes sense to go solar. Make sure to inform your solar expert about your desire to sell the home in the future and talk about how that can work with your qualifying bank.
How many solar panels do I need? My house is 2200 square feet, 3 bedrooms, 2 baths and I pay $150 a month.
Solarmates does not calculate your solar needs based simply on the square footage of your home nor by how many rooms you have. Estimating solar in this way has left a lot of customers in a bad spot, because their solar systems were underpriced and turned out to be not enough solar for their consumption.
Can you imagine installing a $30,000 system and then finding out that you still owe $100 each month to your electric company? What a mess! We avoid this catastrophe by observing your energy usage (as shown on your electric bill) and designing a system that meets your needs. You will not be paying unexpectedly high bills.