Was one of your New Year’s resolutions to save money in 2020? Then you may want to look into investing in a PV system for your home!

Read our quick guide to go solar on Maui and make an informed decision about going green this year. Without further ado, here are the 3 most common questions people ask about solar.

1. Guide to go solar on Maui #1: What is solar?

Solar energy comes from transforming heat energy that comes from the Sun into electricity. Just like plants are able to use sunlight to convert carbon dioxide into energy, solar systems are able to convert sunlight into electricity.

Now, the way solar panels work is not the same as photosynthesis. But if you’ve never heard of solar energy before, you should know that a PV system makes it possible for us to “collect” energy directly from the Sun and, using a rather complex process, convert it into electricity to power our homes. When the Sun’s energy reaches the solar panels on your home, the solar cells allow the photons to knock electrons free from atoms, thus generating a flow of electricity.

2. Guide to go solar on Maui #2: How much does it cost to go solar in 2020?

The Customer Self Supply is still open and the added cost, with installation, of two batteries for the majority of home owners is only $10,000 on average. If you account for the maximum tax incentives, it’s only about $4,000 additional.

However, while the price of solar equipment continues to steadily decline, so will the tax credit. This year, the tax credit steps down to 26% and next year, it will drop to 22%. Starting 2023, the residential credit will drop to zero, while the commercial and utility credit will drop to a permanent 10%.

The cost of a PV system does depend on it’s size, number or panels and whether or not you decide to invest in a battery. But in any case, the longer you wait to go solar, the more the tax incentives will drop and the more expensive it will be to install a solar system for your home.

3. Guide to go solar on Maui #3: How to install a PV system?

The first step to installing a PV system is hiring the best solar installer in Maui for the job!

When you’re looking for a company to help you go solar, we recommended that you work with someone local. Local installers can offer you a better service, they’re already familiar with the local regulations and best of all – a local company can offer you better and faster support.

Next, compare your financing options and do keep in mind that going solar is a great way to get a tax break, but with the tax credit stepping down starting this year, you should act fast.

After your plan finalized and you’ve found a way to finance your solar system, you can go ahead and schedule the date for the installation!

For more information on how to go solar on Maui, get in touch with Pacific Energy right away. We use only the best solar products
and we are a top rated Maui Solar PV company.