Just how does sunshine become electricity? Here's an overview of the solar energy facts, the process, and the equipment that can help you generate your own clean, more affordable energy.
The solar panels are made up of photovoltaic (PV) cells, which convert sunlight into direct current (DC) electricity throughout the day.
This device converts the DC electricity generated by the solar panels into the alternating current (AC) electricity.
The AC electricity is sent from the inverter to your electrical panel to power your lights and appliances with solar energy. The electrical panel is often called a "breaker box."
The utility meter measures your energy use. It actually goes backward when your system generates more power than you immediately need. This excess solar energy offsets the energy you use at night.
Your business is still connected to the grid. You’ll need that power from the utility company at night, but don’t worry. The cost is offset by any excess solar energy you put into the grid during the day.
PowerGuide Monitoring System
Our exclusive PowerGuide monitoring system continuously tracks your energy production and ensures that your solar power system is running smoothly. It will even alert our repair crews in the rare event that problems arise.
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A solar power system is customized for your home, so pricing and savings vary based on location, system size, government rebates and local utility rates. Savings on your total electricity costs is not guaranteed. Financing terms vary by location and are not available in all areas. $0 due upon contract signing. No security deposit required. A 3 kW system starts at $25-$100 per month with an annual increase of 0-2.9% each year for 10-20 years, on approved credit. SolarCity DBA Tesla Energy CA CSLB 888104, MA HIC 168572/EL-1136MR, other contractor licenses. SolarCity is not the lender and only the third party lender may approve, offer, or make a loan.
Savings based on SolarPPA and SolarLease customers with at least twelve months of billing data. Savings Rate calculated by subtracting PPA or equivalent lease kWh rate from relevant utility kWh rate. Savings calculated by multiplying actual kWh supplied by SolarCity in customers' first year times Savings Rate. Excludes fully or partially prepaid contracts.
Solar Bonds are debt securities issued by SolarCity. As with any investment, purchasing Solar Bonds involves risk. You must make your own decision about whether and how much to invest in Solar Bonds. SolarCity cannot make any investment recommendations or otherwise provide any investment advice. SolarCity has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) for offerings to which information on this web site relates. Before you invest, you should read the prospectus in that registration statement and other documents SolarCity has filed with the SEC for more complete information about SolarCity and the offerings. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, you may obtain the prospectus relating to the Solar Bonds, and the pricing supplement relating to a particular series of Solar Bonds, at solarbonds.solarcity.com.
*Based on SolarCity average system size of 6 kW and 8,418 kWh average first year production degraded by .5% annually over 30 years. Environmental benefits based on data collected from: Environmental Protection Agency, US Geological Survey, Global ReLeaf, and National Geographic April 2014.
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