(PRWEB) April 04, 2013
Peak Solar has seen boost in DIY Solar Kits this month due to TVA new incentives. The legislation has implemented several solar friendly policies and incentives, spurring enormous growth in the number of residential and commercial photovoltaic systems throughout the state. According to TVA, the state has more than 100 megawatts of solar power capacity that is being offered through privately owned residential and commercial systems.
The main impact of generous policy making has been to drive down the cost of owning a solar power generating system. The TVA reports the cost per watt, after complete installation, has decreased 36 percent over the last two years. Research indicates that the cost of a solar photovoltaic system is currently on par with the price of retail electricity. State and Federal incentives further lower cost.
Customers in Tennessee can qualify for a 30% tax benefit from the federal government plus an additional 19 cents per kwh. The Modified Accelerated Cost Recovery System allows commercial system customers to enjoy accelerated depreciation, further offsetting installation costs. Knoxville Tennessee, Payback periods of as little as four to five years with a 23.2% IIR are possible, depending upon system selection and installation costs.
There is no better time than now for Tennessee residents to convert to a solar photovoltaic system. Peak Solar can help owners take advantage of all of the cost saving benefits, while ensuring the lowest possible price of system components. Ranging from small residential solar kits to large scale projects, the Peak Solar product line is designed to maximize efficiency and savings.
About Peak Solar:
The Peak Solar team has over four decades of experience in solar development and engineering. Together, they are working to make the science of solar energy a reality for average Americans. In addition to supplying photovoltaic systems, power inverters, DIY solar kits and components for residential applications, the company is a provider for large scale commercial projects and development.