Solar Panel System and It's Plan

1. Solar Energy

2. Introduction
to Solar
• Solar panels were first invented in 1883
by “Charles Fritts”, in New York.
• It is basically an electronic device which
converts sunlight in to electric power.
• We have thousands of solar companies
around the globe now.
• There has been an exceptional
advancement in solar and now most of the
governments are funding to convert to
natural resources to save the planet which
makes it a key selling point.
• Since 1989, Solar installation has grabbed
a rapid pace in the US, generating over
86000 Mega-Watt Power.

3. How Does a Solar Panel Generate
Electricity?
The solar panels are made
of silicon and germanium
doped semiconductor.
There are photo voltaic
cells in the panels which
collect photons from
sunlight and convert them
in to electricity.
We then either store this
energy or send it back to
the grid to reinforce the
grid
Energy produced by solar
panels is renewable green
energy

4. Environmental Benefits of Getting a Solar System
With the rapid advancements in our lifestyles, we as humans
have negatively impacted the health of nature.
Where does solar help in preserving nature.
• Reduces global warming.
• Reduces carbon dioxide emission & carbon footprint.
• Saves ozone layers. Reduces depletion in atmosphere.

5. • Energy produced by solar is much cheaper and cleaner.
• Solar can make you energy independent & energy
sufficient.
• Gets you a payback for all the extra power produced out
of your solar panels by becoming a part of the primary
grid in the form of rebate.
• Runs all major electrical appliances.
• Saves you from unpredictable increase or inflation in
electric prices.
Financial Benefits of Getting a Solar System

6. Solar Panel Programs
Financing
In a financing program the financial
investor will purchase the solar panels
for you, and ask you to pay monthly
which will be comparatively lower than
the regular electric payments but with
a slightly higher IR for a specified
duration. However there will be little to
no down payments and you can qualify
for some federal tax credits. The best
part is that the homeowners will own
the solar panels.

7. In financing program, solar panel company gets fully
paid by the financial investors so they can allocate
their variable interest rates, they cover up their
investment with the specified markup. However,
solar company gets paid by the financial investor
and provides complete ownership of the equipment.
The homeowners however qualify for the federal tax
credits.

8. Solar Panel Programs
Leasing
In the leasing program the homeowner
rents the solar panels with the guarantee
over the power production & keeps
making payments to the solar company
in the form of rent for the solar panels
for a predefined duration. Homeowners
do not qualify for the Federal tax credits.
By the end of the day, by leasing
homeowners don’t own the solar panels.

9. In leasing program solar panel company owns the
solar panels. The solar panel company also qualifies
for the federal tax credits as well. Solar company
basically sells all the surplus amount of energy back
to the grid and gets paid for that in the form of
rebate. To add to that, they also get paid by the
homeowners which is a rental payment of the solar
panels.

10. Solar Panel Programs
Power Purchase Agreement
This program is very similar to the leasing option, however in this program
the homeowners are paying a much cheaper electric bill then what they
use to pay to the grid. In this program the homeowners are not renting
solar panels but they are directly purchasing the electricity from the solar
company for much cheaper rates, the homeowners do not own the solar
panels in this program neither they qualify for the federal tax credits. They
keep paying for electricity and by the end of the agreement they have two
options, whether they prolong the duration of agreement or they purchase
the solar panels and produce their own power.

11. In the PPA program, the solar panel company owns
the solar panels. The solar company also qualifies for
the federal tax credits. In this program solar
company gets duel payments, one from the
homeowners by selling them renewable energy in
cheaper rates and the other by the surplus amount
of energy produced by the solar panels back to the
grid.

12. Qualifying Criteria to get
a solar penal System
• One needs to be a home owner
• A house must be a single family regular
house
• The Annaul electric bill must be $1200 or
more
• The credit score should be 650 or more
• There should be no shades over the roof
• Annaual house hold income should be
more than $50,000