Solar Heat Pumps
Solar heat pumps are like regular heat pumps, powered by solar energy. Today's solar systems use revolutionary technology to maintain an ideal temperature and perfect humidity under any conditions, all while saving you hundreds of dollars in energy costs. It's simply the most advanced, most capable heat pump ever created.
Who makes Solar Heat Pumps?
Right now Lennox is the only manufacturer offering their solar Heat Pump. Lennox Residential is a leading global name in home comfort. Lennox’ innovative solutions include energy-efficient air conditioners, furnaces and heat pumps. Solar heat pumps are the only systems that make you money when they're not running!
How much does it cost and will I have to cover my roof with Solar panels?
You can have as little as 4 panels 3′x5′, up to 20 panels in blocks of 2, with the Lennox Sun-Source Heat Pump.
They range from $20,000 to $30,000 installed. However, there is a 30% Federal Tax Credit and a N.C. State Tax credit of 35% up to $10,500 of credit. For instance, a $30,000 system would receive $9,000 Federal credit and $10,500 state credit. These credits are actual money, not deductions. Then Progress Energy offers a $2 per watt installed rebate. Each panel is 240 watts, so a 10 panel system produces 2400 watts, so there is a $4,800 rebate possible from them. Now your bottom line is only $4,780. The system has a 25 yr. warranty on the panels.
Will my electric meter run backwards?
Yes in a way. North Carolina is a net metering state. Progress Energy will install a special meter for solar that will record how much electricity you use and how much you produce and send down the wire for your neighbors to use.
In the 12 panel example, it generates up to 2kW per hour for 10 hours per day under ideal situations. You probably pay 8 or 9 cents per kW. So, it will pay you approx $2 per day or $60 per month.
If you use $200 of electricity and produce $60 worth then your bill would reflect that as a credit. It is possible that Progress Energy could send you a check each month, if you have enough panels.
How often can I use the tax credit?
You can purchase solar equipment every year and receive credits every year. The current credits are set to expire Dec. 31, 2015.
Can I get a free estimate?
Yes, you certainly can. Please call (919) 676-882 for a professional appraisal of your property and advice on what products would serve you the best.