The benefits of PV
Photovoltaics are creating quite a buzz among Hawaii homeowners. Also known as PV, photovoltaics are a form of solar energy.
“But instead of heating your water, it actually produces electricity,” explained Chad Matsumoto, who co-owns Alternative Electric with Bronson Apana.
Although the upfront costs may be high, there are many benefits that make PV a wise investment overall. Here are four reasons why.
1. Lower monthly electric bill
This may be the most recognizable benefit. Alternative Electric offers free consultations and estimates on how many PV panels are needed. A company representative visits and looks at the roof design, electrical set up, electrical consumption and a homeowner’s budget before recommending a system.
2. Tax credit incentives
The initial cost for PV is high, but many people may overlook tax credits. State and federal solar energy income tax credits can reimburse up to 65 percent of the cost of a solar system.
3. Environmentally friendly power
Solar energy preserves the natural environment and improves air quality. Hawaii’s electricity is mainly generated from fossil fuels. By producing electricity with a PV system, Hawaii can decrease oil demand and greenhouse gas emissions.
4. Investment purposes
A PV system is one of the best investments a homeowner can make. After tax credits, the payback on a PV system is approximately six to eight years — maybe even sooner as the cost of electricity rises.
After the system pays for itself, a homeowner can enjoy 17 to 19 years of virtually maintenance-free electric production. A PV system also increases the value of a home. It increases equity and it’s a hot seller, according to some Realtors.
Alternative Electric designs, installs and maintains solar photovoltaic systems. “We take care of all phases of PV installations, so homeowners get the best quality materials, design and workmanship,” said Matsumoto. “We are also a full-service electrical contractor offering residential and commercial electrical services as well as photovoltaics.”
For a free estimate and consultation, call Alternative Electric at 630-6741 or 285-8663.
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