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Terms to Know
A kilowatt (symbol: kW)
is a unit of electric power. One kilowatt (kW) is equal to 1000 watts (W).
is the standard unit of power equivalent to one joule per second. It is equal to the power in a circuit in which a current of one ampere flows across a potential difference of one volt.
An ’RTI’ or Ready-to-Install
is an NES-Exclusive product in which you can do much of the work yourself saving a great deal in the cost of the system. We evaluate your site, consult with you to determine your energy needs, design, and ultimately deliver the system to your location. The NES team will take the time to show you how it goes together, and you can complete the project on your own. We provide the electrical drawings for your electrician to connect to your panel or meter and the spec sheets for ground mounts if needed.
FOE or Focus on Energy
is Wisconsin’s statewide utilities’ energy efficiency and renewable resource program. Utility companies participating in this program will send a rebate check equaling the current year’s budgeted dollars for either residential or non-residential installations, to include rural area bonuses. Many utilities may not participate in the FOE program but have their own program, with check amounts varying from $500-750 and beyond.
26% Federal Tax Credit
is a 26% credit of the entire cost of the system, including electrical equipment, materials, tools – even roof replacement in certain cases. These costs should be tracked, all receipts kept, and can be applied as a tax credit at the end of the year when you file your taxes. Check out our Tax Tips Blog for more information.
is the period of time in which to recoup the cost of the system.
Accelerated Depreciation (MACRS 5yr)
is a 25% tax credit that can be applied as a tax write-off for business owners. The payback example below is for a Commercial Series Turnkey 6kW solar system with 6kW Inverter, 370-watt high-performance solar panels with a 25-year performance warranty on an adjustable steel ground mount.