Why Renewable Solar Energy Pays

When you decide that a solar system and renewable energy is right for your resi- dential property, it is important to understand the math behind your solar related decisions. At Panatec Corporation, we want you to get the best value at the right price for your desired eco-friendly solar system outcome.

The Math Behind Solar Energy Savings

Fedral Tax Break

  • The Federal government gives solar customers a break for their conscientious decision to install a solar system
  • 26% of the cost of a photovoltaic (PV) solar system is waived in federal taxes to the customer
  • You give back to the environment, and the government gives back to you

Solar Renewable Energy Credits (SREC) / TREC

  • For every kilowatt hour (kWh) of solar energy your system produces, the NJBPU SREC/TREC program will issue credits at the rate of $0.19/kWh. A typical 10 kW system in the state of NJ produces 14,000 kWh every year. Given this number, with SRECs a homeowner will earn $2,660/year for 15 years.
  • With a solar system, the savings are certain: a zero electricity bill saving $2,310 + SREC $2,660 + 26% Federal Tax Break. This formula ensures a total return on investment (ROI) in four years or less, and for 13 more years, a homeowner keeps earning SREC money. For the life of the solar panels, a homeowner has a zero electricity bill.

Zero Electricity Bill

  • Residential net metering ensures a zero dollar electricity bill for the life of the solar panels (25 years).
  • Solar clients enjoy steady resources without fluctuating electricity bills throughout the year.
  • Total ROI recognized in four years or less when renewable energy solutions allow these Federal and State government incentives to trickle down to customers.
  • Under the National Conference of State Legislatures (NCSL) net metering policies, a customer is allowed to produce a year’s worth of electricity. Extra production during daytime hours causes the meter to spin in reverse while during nighttime hours the meter spins forward in terms of consumption. Over the period of one year, the meter remains zero, thus you have net metering.

Call Today to Start Saving With Renewable Energy!

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