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A solar PV system is a great investment for those looking for clean independent energy production.  Not only would this home improvement increase the value of your home, but solar systems are exempt from property tax. 

PV systems typically pay for themselves within around 10 years depending on system size and application.  In certain areas with special utility incentives your payback time could be even less. Typically the payback time of larger systems is shorter since the cost of components is lower when purchased in large scale.  Smaller residential systems usually cost $3-$4 per watt installed, while large residential and commercial systems cost $1-$3 per watt installed. These costs are reduced when incentives are included.

Most people focus on the payback time, however, one of the most important factors to consider is the return on your investment (ROI). After incentives, the savings on electric bills from PV systems offer an ROI of 7%-15% annually over the life of the system. So, with the life of a typically system being 30-40 years, solar is one of the best investments we can make in our homes and our future.

Most installed systems done today are grid-tied systems. There are also situations where a battery based off-grid system is needed or desired. You can also combine the two and add battery backup to your grid-tied system. A good example of this would be one of our SolarEdge Solar systems with a Tesla Powerwall for battery backup!


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