Depending on where you live, you may just have an average amount of sun. However, this simply means that your solar panels are enough to power household items for a small family of 4-5. Even on cloudy days, solar panels will continue to draw energy, which typically accounts for 10-20% of the power generated on sunny days. This means you can still benefit from the sun’s power, even in locations with minimal sun exposure.
Earn Tax Credits and Rebates
Solar panels come with significant financial benefits. A federal income tax credit of 30% of the total system costs for equipment and installation is available, which translates to $7,500 savings on a $25,000 solar system. Furthermore, state and local rebates and Solar Renewable Energy Credits (SRECs) can cut down total costs by half. SRECs can be sold to utility companies, which generates an impressive return on the initial investment. In some cases, installers may offer a no-cost installation, in which they front the costs of the panels and installation and charge for electricity at a reduced rate.
Start Saving From Day One
Solar power reduces or eliminates energy costs and offers long-term savings. Installing solar panels significantly improves resale value, with most homeowners seeing a $5,911 resale value increase per installed kilowatt. Additionally, solar panels protect a roof from the elements and make a house more energy-efficient.
Help the Environment and Help Us All
Solar power systems derive clean energy from the sun and help combat greenhouse gas emissions, reducing our collective dependence on fossil fuels. Traditional electricity from fossil fuels emits harmful gases that cause air pollution and global climate change. Renewable energy sources, such as solar power, can reduce premature mortality and healthcare costs associated with pollution. Additionally, solar energy requires little to no water to operate, making it a sustainable option during droughts or heat waves. Solar power also creates jobs in clean energy.
Solar Power – The Smart Investment
Solar power is a smart investment that can help you reduce or eliminate your energy bills, save money, and benefit the environment. With tax credits, rebates, and long-term savings, solar power can pay for itself in a relatively short amount of time. Moreover, solar power creates jobs in clean energy and can help us all move toward a more sustainable future.