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How Does the Solar Deal Work?

The Problems for Homeowners

Rising Energy Costs

Sticking with the utility company means homeowners are subject to unpredictable and
increasing energy costs, which can lead to significant financial strain over time.

Some utility companies increase rates more than others, but utility rates have and will
continue to rise yearly regardless of the market. Each additional household that
switches to solar power chips away at the utility company's revenue. With the
widespread embrace of solar energy throughout the United States, utilities will increase
their rates to offset the loss of revenue.

Limited Control

Homeowners have little control over utility company rates and policies, leaving them at
the mercy of market fluctuations and regulatory changes.

Vulnerability to Grid Outages

In the event of power grid failures or blackouts, homeowners relying solely on the utility
company may face disruptions and inconveniences in their daily lives. Solar alone will
not fix this but the ability to install batteries will help in these scenarios.

Missed Savings With Renting Electricity

Why should a homeowner waste money giving their money to an electric landlord when
they can reap the benefits of their monthly payments? However, there are some cases
where installing solar panels on a home may not be the best choice. The Koi Energy
team diligently evaluates each situation to ensure the right decision is made.


A Brief Overview of How Solar Works

Net Energy Metering (NEM)

Most utility companies operate with a program called “Net Energy Metering”. Over the
full year, the utility company will monitor the total energy consumption of a home
compared to the total production. If the home is producing more energy than it is
currently consuming, it will push the electricity to the neighbors and the utility will pay
the homeowner with credits. The credits can roll over each month for the year just like
the old roll-over phone minutes.

Koi Energy will closely evaluate each home’s needs, current consumption, and roofing
layout to determine the optimal amount of panels to offset the electricity consumption.

Each year on the day of activation, the utility company looks at the total electricity
produced and used by the homeowner. The homeowner will receive a check for the
surplus energy produced or pay for the extra energy consumed. This is known as the
“True-Up”.



Federal Tax Credit

The Federal Government offers a 30% tax credit on homeowner's taxable income. This
is a major discount on the total system value for homeowners that qualify.

Battery Back-Up

Depending on the utility company and if they live in California with NEM 3.0, battery
backups become more important than ever. The battery will help store the production of
electricity rather than send it to the utility company.

In areas with many blackouts, batteries can be a great option as well. Koi Energy gives
homeowners access to the best batteries on the market at the most competitive prices.

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