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Solar Terms 101 – Solar Power vs. Solar Energy

It’s a bright new day in the world of renewable energy, especially when it comes to harnessing the sun’s powerful rays. But amidst the buzz around solar power and energy, there seems to be some confusion surrounding what these terms truly mean. If you find yourself unsure about the sun-powered dialogue, you’re not alone. Let’s demystify the jargon and outline the distinctions between two of the most pivotal concepts in solar technology: solar power vs. solar energy.

Understanding Solar Energy—What It Is and How It Works

At its core, solar energy is radiant heat and light from the sun, which has been harnessed since ancient times using a range of evolving technologies. The supply is virtually limitless and, unlike fossil fuels, it’s both renewable and clean. When light hits a photovoltaic (PV) cell or a solar thermal collector, it gets converted into electricity or heat, powering everything from homes to electric cars.

Solar energy systems can be broadly categorized into two main types:

• Photovoltaic Solar Power (PV): Uses solar panels made up of arrays of cells that convert sunlight directly into electricity.
• Concentrating Solar Power (CSP): Uses mirrors to concentrate the energy from the sun to create heat, usually to drive a steam turbine and produce electricity.

Solar Power—The Practical Application of Solar Energy

Solar power is the end product of converting solar energy into a usable form. This is the part where all those photovoltaic panels on rooftops and solar farms come into play. However, it’s important to note that solar power can refer to the direct generation of electricity through PV systems, known as “solar panel electricity,” or through CSP systems, known as solar thermal electricity (STE).

The process involves several stages, from the sunlight absorption to the final grid connection, where electricity can be used to power appliances or sold back to utility companies through programs like net metering. Solar power has become a go-to solution for individuals looking to reduce their carbon footprint and for governments aiming to meet renewable energy targets.

Making the Switch to Solar—What It Means for You

Understanding the distinction between solar power and energy is not only a point of knowledge but could also be the first step towards adopting a greener and more sustainable lifestyle. The decision to harness solar energy through power systems is a dynamic way to contribute to environmental conservation and take control of your energy consumption.

If you’re considering making the switch to solar, it’s essential to partner with a trusted, experienced provider who can guide you through the process. Reach out to Solar Bear of Tampa today at (727) 471-7442 and step confidently into the future with solar!

Here’s How to Claim the Solar Tax Credit on Form 5695

Exploring the world of solar energy brings its own set of rewards, not least of which is the Residential Clean Energy Credit, more commonly known as the Solar Tax Credit. This federal incentive not only sweetens the deal for homeowners making the switch to solar but also offers a tangible return on investment come tax season. But how do you claim the Solar Tax Credit for yourself? Here’s how you can claim every dollar you’re entitled to.

What is IRS Form 5695?

IRS Form 5695 serves as your golden ticket to claiming the Solar Tax Credit on your tax return. It’s the official document for reporting the installation of solar panels and other qualifying energy-efficient improvements to your home.

Think of the IRS Form 5695 as the bridge connecting your eco-friendly efforts to potential tax savings. The form delves into the specifics of “Residential Energy Credits,” allowing homeowners to calculate and claim non-refundable credit for eligible energy-efficient home renovations.

The Solar Tax Credit

The Solar Tax Credit can significantly reduce your federal tax liability. For the year 2024, the credit is calculated at 30% of the total cost of your solar energy system, including installation.

This dollar-for-dollar tax reduction typically provides a substantial decrease in the taxes you owe, possibly leading to a refund. To qualify, your solar energy system must be in service within the tax year in question, and yes, you need to complete IRS Form 5695 to stake your claim.

A Step-by-Step Guide to Claiming Your Solar Tax Credit

The journey to claim your Solar Tax Credit is a meticulous one, requiring a careful walkthrough of Form 5695:

Step 1 – Calculating Your Solar System’s Total Cost

Start by jotting down the gross total spent on your solar power system. Remember, this is before subtracting any state tax credits or rebates you’ve received.

Step 2 – Adding Other Energy-Efficient Improvements

Got more green upgrades? Add the costs of any additional energy-efficient improvements to lines 2 through 4. This could be anything from a solar water heater to a small wind turbine.

Step 3 – Working Out Your Tax Credit

Multiply the total from line 5 by 30% to find out the size of the tax credit pie you’re eligible for. This figure goes on line 6.

Step 4 – Entering Your Tax Credit Value

If you don’t have any carryover from fuel cells or previous years, place the value from line 6 on line 13.

Step 5 – Assessing Your Tax Liability

Now, figure out if you have sufficient tax liability from your taxable income to see if you’re eligible for the full 30% tax credit.

Step 6 – Finding Your Maximum Claim

Flip to page 4 and fill out the worksheet to see the maximum tax credit you can claim. This includes all the other credits you qualify for—anything from being a first-time homeowner to buying an electric vehicle.

Step 7 – Finalizing Your Claim Amount

Put the result of line 6 on line 14. Then, compare the values of lines 13 and 14. The smaller value is what you can claim this year. Put that value on line 15.

Step 8 – Calculating Carry-Over Credit

If your tax liability (from Step 5) is less than your tax credits, you can carry the difference over to the next year. You can calculate the amount for next year’s taxes by subtracting the value on line 15 from line 13, then entering the result on line 16.

Step 9 – Bringing It Home on Form 1040

The value on line 15 is what the IRS will deduct from your taxes this year. Make sure this number lands on line 5 of Schedule 3 on Form 1040.

Make the Switch to Solar With Confidence!

Have questions about solar energy or need guidance on making your home more energy-efficient? Solar Bear of Tampa is at your service. Our expertise isn’t just in harnessing the power of the sun—it extends to helping you understand the benefits that come with it, including the Solar Tax Credit. Call us today at (727) 471-7442 to learn more!

How Do I Know If My Solar Panels Are Underperforming?

If you’ve taken the leap into green energy by installing solar panels on your roof, congrats! But what if as time goes by, you start to notice subtle changes in your array’s energy production that leave you wondering if your solar panels are underperforming?

It’s a common concern that many homeowners have, but don’t worry, our team at Solar Bear Orlando is here to help!

Let’s discuss some key signs that can help you determine if your solar panels are underperforming, and what you can do to maximize their efficiency and longevity.

How Do I Know if My Panels Are Underperforming?

First, you must understand your solar array’s expected output. You should know the wattage of your system, though it is important to note that your panels will degrade slightly each year.

Also, you can check your electricity bill. If it is spiking, or you feel like you are consuming more electricity than usual, you should get your system checked out.

What Causes Underperforming Solar Panels?

There are a few reasons why your solar panels may be underperforming, including:

#1. Manufacturing Problems

If your solar panels are underperforming soon after their installation, it could be due to issues with the manufacturing of your specific panels. They could have gotten chipped or cracked in production, which could lead to output degradation.

Also, if they were not wired correctly internally, this could cause a decrease in their performance.

#2. Not Enough Sunlight & Shading

Though Florida gets ample sunshine, that doesn’t always mean that your solar panels will perform efficiently if they are shaded by trees, clouds, your garage, home, etc.

An experienced solar installer like ours at Solar Bear Orlando can help assess the shading on your roof, thus mitigating any efficiency issues caused by excessive shade.

#3. Extreme Weather Conditions

Florida is well-known for its extreme weather, be it in summer thunderstorms or hurricanes, and these, you guessed it, can lead to underperformance and damage.

Though solar panels are designed to withstand weather and temperature extremes, it is important to take measures to protect them when a storm is forecasted to ensure that they don’t sustain any damage.

#4. Defects

Just as damage during manufacturing can cause problems with energy output, so can solar panel defects that occur during production, shipment, or installation.

Watch out for:

• Delamination
• Induced degradation
• Snal trails or bird poop

Note: If you notice any kind of electrical issue, it is important to call a reputable solar contractor to fix or replace the panels, as they have the knowledge and experience to do so. Do not try to do any electrical work on your own, as this can be dangerous and can also void your warranty.

We also recommend seasonal maintenance to ensure your panels are producing energy as efficiently as possible.

Read More > Understanding Basic Solar Panel Specifications

Choose Solar Bear Orlando

When working with Solar Bear Orlando, you can rest assured that your solar array will work as efficiently as possible, and if it doesn’t, you know that we will make it right. We’re Central Florida’s #1 solar installation company for a reason!

Ready to go solar or need help with an underperforming system? Call our team at Solar Bear Orlando today at (727) 471-7442!

7 Tips For An Energy-Efficient Home In 2024

As energy prices skyrocket, homeowners everywhere are looking for ways to save money. While we can’t control the prices of electricity, we can offer energy efficiency tips to help you save a little money in your pocket each month. Any little bit helps, right?

Here’s the guide that our team at Solar Bear Orlando came up with. Try these seven tips!

• Install a solar array
• Insulate windows and doors
• Switch to LEDs
• Unplug unused devices
• Install a smart thermostat
• Seal air leaks
• Choose energy-efficient appliances

Let’s explore each of these a little further!

#1. Install a Solar Array

Our favorite tip on the list is of course to install solar panels. In Florida, our homes receive ample sunshine throughout the day, so why not use that energy to your advantage?

Solar panels convert sunlight into electricity through the use of photovoltaics. Of course, factors like your location, the orientation of the panels, and shade can greatly impact the efficiency of your panels, but they are an eco-friendly energy source that can help you save substantially on your home energy costs.

Plus, with net metering, you can sell your excess power back to the grid, allowing you to reap even more benefits! You can’t beat that!

Read More > Top Benefits of Solar for Florida Homeowners

#2. Insulate Windows and Doors

Let’s say you are powering or at least supplementing your home’s heating and cooling with solar energy. If you have drafty doors and windows, your home will be significantly energy inefficient!

We recommend applying weather stripping to your windows and using insulation and gaskets wherever possible on your doors.

Also, if your budget allows, we always recommend installing energy-efficient windows.

#3. Switch To LEDs

You’ve likely heard that traditional incandescent light bulbs are not very efficient, and it’s true. They can use a great deal of electricity, get hot, and burn out quickly. The good news is that LED bulbs last much longer than their incandescent counterparts, and use just a quarter of the energy as well. 

You may be saying, “But I like the warm glow from my traditional bulbs!” Well, don’t worry, you can get that same comforting hue with LEDs. Many are programmable and allow you to change the hue and intensity of the light in your home—all while saving on energy costs; nice!

#4. Unplug Unused Devices

Believe it or not, there are “energy vampires” that are sucking extra energy from around your house every day. Don’t believe us? Think about what you have plugged in day to day:

• Phone and computer chargers
• Coffee machines
• TVs
• Printers
• Small kitchen appliances

These small devices might seem innocent, but they draw electricity at all hours of the day and night and can increase your energy bill by 10%. Yikes!

We get that unplugging all of these devices can be a pain, especially if they are plugged in behind the couch, so we recommend using a power strip, which will allow you to switch off all the devices at once.

#5. Install a Smart Thermostat

We love the convenience of smart thermostats, plus they have amazing energy-saving potential. Modern smart thermostats are easily programmable and can adapt to your family’s routine.

Using a smart thermostat can cut your home’s energy usage by up to 15%! 

#6. Seal Air Leaks

Air leaks, whether from ductwork, recessed lighting, doors, windows, or outlets can become a big deal when you add them up. We recommend using caulk to seal any gaps, eliminating drafts, and helping you conserve energy throughout your space.

#7. Choose Energy-Efficient Appliances

Even if you install solar panels, if you have outdated appliances, the savings you will reap from your array will be diminished. Consider investing in “Energy Star” appliances if your budget allows.

These energy-efficient appliances have been tested to ensure that they consume less energy than their older counterparts.

Embrace Energy Efficiency

Ready to foster greater energy efficiency throughout your home? You’ve come to the right place! We can install a right-sized solar system that will produce clean energy while the Florida sun is shining, plus, we offer spray foam insulation services that will further enhance your home’s energy efficiency.

Ready to get started? Contact our team at Solar Bear Orlando for a quote today at (727) 471-7442!