How It Works
Solar cells, also called photovoltaic (PV) cells by scientists, convert sunlight directly into electricity. PV gets its name from the process of converting light (photons) to electricity (voltage), which is called the PV effect. The PV effect was discovered in 1954, when scientists at Bell Telephone discovered that silicon (an element found in sand) created an electric charge when exposed to sunlight.
Soon solar cells were being used to power space satellites and smaller items like calculators and watches. Today, thousands of people power their homes and businesses with individual solar PV systems. Utility companies are also using PV technology for large power stations.
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Experience better returns than many long-term investments, with 200%-plus ROI over 25 years. Compare this to a five-year CD (average yearly return of 2.5%) or even the S&P 500 (average yearly return of 11%). Although some stocks can provide a higher return than a solar system, stock prices are also substantially more volatile year after year
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Dramatically lower electricity bills—many homeowners experience at least a 50% decrease, up to the complete elimination of their electrical. Of course, savings depend on electricity consumption, available space and system orientation & location.
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Over 50 types of energy-efficient products are eligible for no money down, 100% financing.
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Find out how the PACE program can work for you.