How Much Does The Electric Company Pay For Solar Power?

It may seem like a dream too good to come true. Electric companies pay the same amount to buy electricity as you do. They generate the energy they supply to you by burning coal and natural gas, but solar panels let you convert the sun’s energy into power with no side effects. Residential electricity in Colorado costs 11.46 cents per kilowatt-hour (c/kWh) whether you pay your utility bill or receive a credit for selling your energy. Known for his practical frugality, Benjamin Franklin considered a penny saved the same as a penny earned. 

Looking at Colorado's Energy Use

Rates for residential energy in the U.S. may range from 8.37 c/kWh to 37.34 c/kWh. Colorado’s average rate of 11.46 c/kWh ranks 21st in the country. Most homes in the state use about 706 kilowatt-hours per month, while the national average stands at 903 kilowatt-hours/month. The abundant sunshine on home solar system roofs offers a convenient way to reduce or eliminate your monthly utility bill. Homes in some states may use less energy, but most use more. Coloradans use about 21.82 percent less energy than the national average every month. 

Roofing

Seeing How Roofs Make a Difference in Energy Collection

Many roofing factors go into producing electricity with solar panels. The size provides a significant one, but other characteristics matter as well. For example, each roof area’s pitch, size and orientation determines how much total sun it receives. In addition, nearby tall buildings or trees can affect the amount of sun that can reach a roof and block sunlight.

Some factors may seem obvious as you look at the tilt and orientation of your roof to the sun. For example, a roof with a steep slope can receive more direct sunlight than a flat roof or one with less pitch. Because the sun shines brightest at the equator, a roof that faces south can get more rays than any other direction. Installing more panels on a roof that faces away from the south can compensate for direction. Additionally, ground-installed systems open other options for achieving energy independence with solar.

Complicated math formulas can help you calculate your potential to get paid for the energy your solar panels generate. However, a federal government-sponsored app that Zillow popularized can calculate it for you. A representative for Zillow points out that energy conservation does more than support the environment by creating savings on energy bills. In addition, it relieves some of the demand on the electrical grid. Worth noting when you consider installing a solar panel system, the real estate company finds homes that have them sell for more than others. 

Getting Credit for Your Energy

Electric companies in Colorado participate in net metering. Thus, you can get a credit for the retail value of the electricity your solar panels return to the grid. The process requires utilities to track how much energy your panels produce and the amount you use while storing any extra your system produces.

On nights or days when the sun does not shine, the electric company supplies your power without charge. Forbes regards Colorado’s net metering laws as the best in the country. If your solar panels can produce more energy than you need, you get a credit on your electric bill.

net meter - xcel

Understanding How Net Metering Works

A billing method that gives you credits for the electricity you provide to the grid offers a unique way to save money and protect the environment. Net metering can make your meter run backward if your solar panels generate more electricity than you need. The process creates a credit against the energy you need at night or anytime you need more than you produce. Your monthly bill reflects the net amount of energy you use.

Using an Innovative System for Renewable Energy

Colorado led the way in passing the United States’ first renewable energy standard by public ballot in 2004. The results allowed the Colorado Public Utilities Commission (PUC) to set standards for the net metering process and for interconnecting with the electric grid the following year. The policy allows you to get a credit for each kilowatt-hour your system produces. 

In addition, it must equal the price you pay for residential electricity. Any excess energy production rolls over to your next month’s bill. Subsequent actions in 2018 made solar-plus-storage systems eligible to participate in net metering.

Becoming a Player in Electricity Production

As you consider installing solar panels that can generate electricity and provide it for others while benefiting from it financially, you may want to understand how the grid works. As one of the most significant examples of American ingenuity, the grid exists as a complex and highly essential system. Consisting of four major components, it transmits the nation’s power every minute of every day.

• Individual Generators

Your solar panels join a variety of power-producing facilities that you help to become less necessary. Power plants generate one source of energy the country needs from burning coal and natural gas. More results from hydroelectric dams and nuclear power plants. Some of it comes from wind turbines and solar panels from environmentally friendly users like you. The grid maintains a reserve margin to compensate for power plant shutdowns or mistakes in forecasting demand.

• Transmission Lines

Three main transmission networks across the country interconnect to ensure the reliability of electric supply, and some redundancy exists. Overhead and underground power lines carry high voltages to reduce the loss of electricity in transit. Overhead cables have no insulation, making them less expensive to install than underground cables. Voltages that can withstand transmission may reach as much as 110,000 volts or even more. Transformers convert electricity to higher voltages to make transport possible. The Colorado PUC must approve any transmission line before construction in the state.

• Distribution

A network of wires starts at the transformers where the transmission lines deliver power for distribution. PUCs or Public Service Commissions (PSC) in each state regulate distribution to homes, businesses and schools. In addition, it sets the retail rate for electricity.

• Load

When electricity arrives at a home, school or business, the transmission grid completes its job. If you have solar panels, it serves a less essential role for you than for others who do not have the advanced technology. However, it provides access to an exchange where you can sell the energy you produce. 

Tracing How the Grid Evolved

The electricity grid may have an earlier beginning than you imagine. Names you know well had essential roles in its early stages of conception. Thomas Edison and George Westinghouse had opposing views about using alternating current (A.C.) or direct current (D.C.). Companies in the early 1880s strung their wires along the same streets in populated areas, but they paid little attention to rural areas. Nikola Tesla sided with Westinghouse in the argument for A.C. current, and the electric companies at the time agreed with them. D.C. current allowed high voltages to travel long distances where users received it in lower voltages.

• Early Days

Reliance on A.C. current allowed utility companies to build the electric grid over increasingly larger areas and benefit from economies of scale. For many years, the companies had a regulatory compact that allowed them monopoly status, including setting a low limit on customer rates. Then, from around 1920 to 1980, they controlled the electricity grid completely, including generating it for distribution to customers.

• 1970s Energy Crisis

The oil embargo by petroleum exporting companies created fuel shortages and high prices. American consumption of gasoline and other oil-derived products occurred at the same time as domestic oil production declined. However, policymakers allowed importing to continue, believing that oil-producing countries did not want to risk losing the American market. When the high prices continued, Congress started allowing wholesale competition in electricity production. The change in policy allowed facilities that used more efficient production methods or renewable energy to compete in the marketplace.

Solar

Letting Your Solar Energy Help the Grid

When you install a solar panel system, you reduce demand on the grid. Whether you become energy self-sufficient with your own system or use net metering to send it to the grid, you offset the overall need for electricity. Especially valuable during the summer months when most homes need air conditioning or increased use of freezers and refrigerators, a supplement to the grid can prove helpful to many people. While your system generates the most energy during the hottest time of day, it helps the grid meet the needs of consumers across the state.

As you understand the importance of the transmission system, you can look at your electric bill in a different way. Transmission and delivery of your electricity produce a charge, and your use of it creates another charge. When you produce your own energy on your rooftop, it reduces the need to move it across long transmission and distribution lines. As the need lessens, it prevents the requirement to add more wires and erect more poles. 

A reduction in the costs of an electrical system can occur when home-owned solar relieves the stress on the grid. When you let solar panels collect energy, you save money on your utility bill. Further, net metering gives you credit for energy that you do not use.

Choosing Impact Energy for Satisfaction

Our locally owned and operated company serves locations in Colorado and Montana with distinction and professionalism. We honor a commitment to provide the highest quality service to every customer’s home or business solar project. 

We offer a free calculation of the savings you can earn with our solar satellite software. Our design team considers the factors that make your home unique, and we develop the best solution for your needs. As a result, we can design a system that meets your requirements and produces excess energy to sell to the grid. Call us 888-240-1131 to get started on the Impact Energy approach to a satisfying and enjoyable switch to solar.

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5 Ways to Increase Solar Panel Efficiency
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Understanding Solar Panel Efficiency: Factors, Optimization, and Future Prospects

Table of Contents Solar panels are a great way to generate clean, renewable energy for your home or business. But how efficient are solar panels? And what factors affect their efficiency? In this article, we’ll take a closer look at solar panel efficiency. We’ll discuss how solar panels work, what factors affect their efficiency, and how you can maximize the efficiency of your solar panel system. We’ll also provide tips for choosing the right solar panels for your needs, and we’ll discuss the environmental and economic benefits of solar energy. By the end of this article, you’ll have a better understanding of solar panel efficiency and how you can use it to your advantage. Factors Affecting Solar Panel Efficiency The efficiency of a solar panel is determined by some factors, including: The type of solar cell used. The most common type of solar cell is the crystalline silicon solar cell. Other types of solar cells include thin-film solar cells and organic photovoltaic cells. Crystalline silicon solar cells are the most efficient, but they are also the most expensive. Thin-film solar cells are less efficient, but they are also less expensive. Organic photovoltaic cells are the least efficient, but they are also the least expensive. The size of the solar panel. The larger the solar panel, the more energy it can produce. However, larger solar panels are also more expensive. The orientation of the solar panel. Solar panels should be oriented so that they face the sun as directly as possible. This will maximize the amount of sunlight that the solar panel can collect. The tilt of the solar panel. The tilt of the solar panel can be adjusted to optimize the amount of sunlight that the solar panel collects during different times of the year. The amount of sunlight that the solar panel receives. The amount of sunlight that the solar panel receives will vary depending on the location of the solar panel. Solar panels that are located in sunny areas will produce more energy than solar panels that are located in cloudy areas. In addition, there are other factors that can affect the efficiency of a solar panel, including: The temperature of the solar panel. Solar panels are less efficient at higher temperatures. The amount of dust and dirt on the solar panel. Dust and dirt can reduce the amount of sunlight that the solar panel can collect. The age of the solar panel. Photovoltaic panels will gradually lose efficiency over time. How to Maximize Solar Panel Efficiency There are several things you can do to maximize the efficiency of your solar panels, here are 5 ways: Installing your solar panels in an area with high sunlight exposure Facing your solar panels south (in the Northern Hemisphere) or north (in the Southern Hemisphere) Tilting your solar panels to the optimal angle for your location Cleaning your solar panels regularly Using a high-quality solar inverter Have Solar Questions? Call the Denver Solar Experts: Tips for Choosing the Right Solar Panels When choosing solar panels, there are a few factors to consider: The efficiency of the solar panels. This is the most important factor to consider, as it determines how much energy the panels will produce. The efficiency of a solar panel is measured as a percentage, and the higher the efficiency, the more energy the panel will produce. The size of the solar panels. The size of the solar panels will determine how much power they can generate. The larger the panels, the more power they will generate. The cost of the solar panels. The cost of solar panels varies depending on the brand, efficiency, and size. It is important to compare the costs of different solar panels before making a decision. The warranty on the solar panels. The warranty on the solar panels is important to consider, as it will protect you if the panels malfunction. Make sure to read the warranty carefully before making a decision. Here are some tips for choosing the right solar panels for your home:  Do your research. There are many different types of solar panels on the market, so it is important to do your research before making a decision. Read reviews of different solar panels, and compare prices and features. Get multiple quotes. It is always a good idea to get multiple quotes from different solar companies before making a decision. This will help you get the best possible price on solar panels. Work with a reputable solar company. When choosing a solar company, it is important to work with a reputable company that has a good track record. This will help ensure that you get the best possible installation and service. How to Optimize Your Solar Panel System There are a number of things you can do to optimize your solar panel performance. Here are a few tips: Install your solar panels in a sunny location. The amount of sunlight that your solar panels receive will directly impact their output. If possible, install your solar panels on a south-facing roof or in a location that receives plenty of direct sunlight throughout the day. Keep your solar panels clean. Dirt, dust, and debris can all reduce the efficiency of your solar panels. Make sure to clean your solar panels regularly to remove any buildup. Angle your solar panels correctly. The angle at which your solar panels are installed will affect how much sunlight they receive. In most cases, you will want to angle your solar panels so that they are facing directly south. However, the optimal angle may vary depending on your location and the time of year. Use a solar tracker. A solar tracker is a device that automatically tracks the sun throughout the day, keeping your solar panels pointed in the optimal direction for maximum sunlight collection. Solar trackers can increase the efficiency of your solar panel system by up to 30%. Oversize your solar panel system. Oversizing your solar panel system means installing more solar panels than you

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The Future of Solar Energy Storage Innovations in Battery
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Shaping the Future: Breakthroughs in Solar Energy Storage

Table of Contents Solar energy storage is one of the most promising technologies for storing solar energy. Batteries can be used to store excess solar energy during the day and then use that energy to power homes and businesses at night. Battery storage can also be used to provide backup power during power outages. This article will discuss the benefits of solar energy battery storage for solar energy systems. We will also explore the different types of batteries that are available for solar energy storage and the factors you should consider when choosing a battery for your solar energy system. The Problem With Solar Energy Storage Solar energy is a clean, renewable source of energy that has the potential to power our homes and businesses for decades to come. However, one of the challenges of solar energy is that it is intermittent. Solar panels only generate electricity during the day, and they cannot generate electricity when it is cloudy or raining. This means that we need a way to store solar energy so that it can be used when the sun is not shining. There are several different ways to store solar energy, but the most common method is to use batteries. Solar energy storage batteries store the energy that is generated by solar panels in chemical form, and they can then be used to power devices when the sun is not shining. However, there are some problems with using batteries to store solar energy. First, batteries are expensive. Second, batteries have a limited lifespan. Third, batteries can only store a limited amount of energy. As a result of these problems, solar energy battery storage is still a relatively new and emerging technology. There is a lot of research being done to develop new and more efficient ways to store solar energy. In the meantime, some things can be done to reduce the cost and improve the efficiency of solar battery storage. For example, researchers are working on developing new battery technologies that are more affordable and have a longer lifespan. They are also developing ways to store solar energy in other forms, such as thermal energy or hydrogen fuel cells. Addressing these challenges means researchers are making progress in developing more efficient and cost-effective ways to store solar energy. This will help to make solar energy a more viable option for powering homes and businesses. The Rise of Battery Technology The rise of battery technology has been a major factor in the growth of the solar energy industry. In the past, batteries were too expensive and inefficient to be used for solar energy storage. However, recent advances in battery technology have made it possible to store solar energy at a cost-effective and efficient level. Different battery technologies are being used for solar energy storage. Some of the most common include: Lead-acid batteries Lithium-ion batteries Flow batteries Each battery technology has its own advantages and disadvantages. Lead-acid batteries are the most affordable option, but they are also the least efficient. Lithium-ion batteries are more expensive than lead-acid batteries, but they are also more efficient. Flow batteries are the most efficient battery technology, but they are also the most expensive. The type of battery technology that is best for a particular solar energy system will depend on several factors, including the cost, efficiency, and size of the system. The rise of battery technology has made it possible for solar energy systems to store energy for use at night or during cloudy days. This has greatly increased the versatility and reliability of solar energy systems, making them a more attractive option for homeowners and businesses. Read more related articles: SOLAR BATTERY BANK: CHOOSING THE RIGHT STORAGE FOR YOUR SOLAR PANEL SYSTEM HOW TO CHOOSE THE RIGHT SOLAR POWER SYSTEM FOR YOUR HOME HOW LONG DO SOLAR PANEL BATTERIES LAST? THE ANSWER REVEALED Have Solar Questions? Call the Denver Solar Experts: Innovations in Battery Technology for Solar Energy Storage The rise of battery technology has been a major driver in the development of solar energy storage systems. In recent years, there have been significant innovations in battery technology that have made solar battery storage more affordable, efficient, and scalable. Some of the most notable innovations in battery technology for solar energy storage include: The development of lithium-ion batteries The development of flow batteries The development of solid-state batteries Each of these battery technologies has its own unique advantages and disadvantages. Lithium-ion batteries are the most common type of battery used for photovoltaic energy storage, but they are also the most expensive. Flow batteries are less expensive than lithium-ion batteries, but they have a lower energy density. Solid-state batteries are still in development, but they offer the potential to be more efficient and durable than lithium-ion and flow batteries. The development of these new battery technologies is making solar energy storage more and more viable as a way to store renewable energy. As battery prices continue to fall and battery performance continues to improve, solar battery storage is expected to become an increasingly important part of the global energy mix. The Future of Solar Energy Storage The future of solar energy storage is bright. As battery technology continues to improve, solar energy storage systems will become more affordable and efficient. This will make it possible for more people to use solar energy to power their homes and businesses, even during times when the sun is not shining. Solar energy storage systems can also be used to provide backup power during power outages. This is a valuable asset for homes and businesses that are located in areas that are prone to power outages. In addition, solar energy storage systems can be used to help stabilize the electric grid. By storing excess solar energy during peak production times, solar battery storage systems can help to reduce the need for fossil fuels during peak demand times. Key Trends Driving the Future of Solar Energy Storage The cost of battery technology is declining rapidly. The efficiency of

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