We have custom financing specially designed just for residential solar projects.
After factoring in the 30% Federal Tax Credit and the sale of the Renewable Energy Credits our systems have an average ROI between 7-9 years on residential projects.
On financed projects the payment for the system is typically close to what you are already paying for electricity so why not use the same money you budget for electricity and apply it toward paying off a solar renewable energy system, during the period of time you’re making payments keep in mind that your payments are fixed which means you’ll never need to worry about rate increases again and once the system is paid off its free electricity.
Our Solar Team is capable of self-performing all aspects of a solar project from designing and permitting to installation and commissioning – we are your one-stop shop for solar.
YOUR TRUSTED ENERGY ADVISOR
At Kapital, we strive to be your trusted advisor when it comes to designing and building your solar array to meet your energy needs and provide a sound and reasonable solution. We strive to meet or exceed our customers expectations to attain a “Far Superior” performance evaluation score with the primary goal of “doing it right the first time with zero injuries and zero rework.”
Our energy modelers can give you an estimated output for your project, built upon solid parameters that can help you secure financing and build the most efficient project.
Residential | How it Works
Photovoltaic (PV) Solar Panels for home consist of a series of cells which collect energy from the sun. The sun’s rays (photons) dislodge the electrons which in turn creates electricity.
An Inverter converts the sun’s energy from DC (Direct Current) into AC (Alternating Current) so that it is compatible with your home’s electrical system.
Any excess power which you produce but do not use is sent back to the utility company (grid).
“You can think of the utility company as an energy storage system. During the day the excess energy you produce is stored at the utility company and your account is credited. At night when your panels are not producing energy you simply draw from your account.
Similarly, when your system is over producing in May, June and July, you are “banking” this energy for use in the winter months when your solar production will not be as high. Because you are connected to the grid, as long as the grid has power-you will still have power. Even if you use more energy than your panels produce- you will still have power.”
Your meter spins backwards and you are credited for all the power you generate!
You can track your Photovoltaic Solar System’s production easily from your computer or phone.
Installation | The Process
1. Free Solar Evaluation
Experienced Energy Consultants will conduct a Free Solar Evaluation to determine if your home is a good candidate for solar energy systems. Our staff will analyze your roof’s exposure to the sun as well as your energy consumption.
2. Customized Solar Plan
Once your home is determined to be a good candidate for solar, our Energy Consultants will develop a customized solar plan for your home. Our Specialists will confirm the condition of your roof’s structure as well as your electrical connections. We will calculate your anticipated savings and guide you through the Federal and State incentive programs.
3. Solar Installation
Expert installers will build a customized system designed to meet your energy needs. Our staff will coordinate all of the permits and inspections throughout the process. Our Project Manager will oversee all aspects of the installation. You can follow the progression of your solar project through your personal project website.
4. Watch Your Meter Spin Backwards
Once your panels are turned on you can enjoy the benefits of solar energy and watch your meter spin backwards!
It is too expensive!
Now is a perfect time to go solar. With the federal and state credits and rebates, your initial out of pocket costs are significantly reduced by 55%. Our Energy Consultants will provide you with all of the information regarding these incentives and guide you through the process.
What about the Chicago’s Extreme Weather (Snow/Cold/Hail)?
Chicago is a great area for solar. All of the modules & equipment we use will stand up to our extreme weather.
Because the panels produce energy, they do generate a little bit of heat. Any snow which accumulates on the modules will simply melt. In addition, solar modules work more efficiently in cooler temperatures. Given the same amount of sunlight, a panel on a cold day produces more energy than a panel on a hot day.
All of our modules have a 25 year warranty and have passed tests to withstand 1″ piece of hail at 50 mph. The racking is designed for 90 mph wind loads. The flashings have a 25 year warranty.
What happens when it is cloudy?
Our Energy Consultants will analyze your electric consumption throughout the year and design a system to meet your needs throughout the entire year.
You do not need perfect sunshine for your panels to produce energy. Your panels will still capture the power of the sun on cloudy or overcast days. In fact, Germany leads the world in terms of panel installations, yet they have the same usable sunlight as Alaska!
What happens when the power goes out?
Because you are still connected to the utility company, when the grid loses power, your power will be cut as well. This is to protect the utility workers trying to fix the outage. We DO NOT want your system to back feed into the grid!
Where do I store the energy?
You can think of the utility company grid as an energy storage system. During the day the excess energy you produce is sent to the utility company and your account is credited through net metering. At night when your panels are not producing energy you simply draw from your account. Because you are connected to the grid, as long as the grid has power-you will have power. Even if you use more energy than your panels produce- you will still have power.
What is NET METERING?
Net metering is a billing mechanism that credits solar energy system owners for the electricity they send to the grid. In Illinois the current law for net metering is 1 for 1, for every kilowatt you send to the grid the utility company owes you a kilowatt back at no additional cost, keep in mind that the utility company isn’t going to buy the energy from you but instead issue you credit. The first 5% of solar producers in Illinois will never lose the 1 for 1 net metering even after the law changes, they will be grandfathered in. Once the State hits 5% the law will change and the utility companies will then purchase the excess power from you at a wholesale rate and sell it back to you at the current retail rate. As of spring of 2017 Illinois has less than 2% of solar producers in the State.
What incentives are available for Solar Renewable Energy Systems in Illinois?
30% ITC Federal Tax Credit for residential & commercial systems. For more details see: www.seia.org
SREC’s – Sale of your Solar Renewable Energy Credits. The amount of SREC’s depends on the size of the system, larger systems receive more each year than smaller systems. The SREC’s are sold through brokerage firms at auction typically held twice a year, this is a State run program funded by the utility companies. A system under 25kw can expect 15-20% return of the cost of the system and systems 25kw & larger can expect 5-10% return of the system cost.
Businesses are allowed an accelerated depreciation. MACRS depreciation is an important tool for businesses to recover certain capital costs over the property’s lifetime. Allowing businesses to deduct the depreciable basis over five years reduces tax liability and accelerates the rate of return on a solar investment. This has been a significant driver for the solar industry and other energy industries. Accelerated depreciation, along with other successful energy tax incentives such as the Investment Tax Credit (ITC), has helped fuel unprecedented growth in annual solar installations.
Consolidated Appropriations Act Of 2015. Equipment placed in service before January 1, 2018 can qualify for 50% bonus depreciation. Equipment placed in service during 2018 can qualify for 40% bonus depreciation. And equipment placed in service during 2019 can qualify for 30% bonus depreciation. For more details see: www.seia.org
Farmers and farm related businesses can apply for a REAP Grant through the USDA. Click the link for more details: www.rd.usda.gov
For more information please see the following links:
What Solar Companies Do you work with?
How much maintenance is involved?
Your solar panel system is virtually maintenance free. Any dust or dirt which accumulates will be washed away by the rain. In fact, your gutters probably require more maintenance than the solar panels.