It is estimated that 2.5% of all homes in the United States have begun using solar power. This statistic is a result of political and corporate leaders championing the growth of the solar industry.
The United State’s solar endeavors launched with former California Governor Arnold Schwarzenegger’s Million Solar Roofs initiative in 1997. This initiative gained traction once the many benefits of solar power became apparent. Keep reading to learn more about the benefits of solar energy and to finance a solar panel install.
1. Clean and Renewable Energy
Solar energy is energy that comes from the sun and is converted into thermal or electrical energy. Because the sun’s light shines so radiantly, it is viewed as the most abundant renewable energy source available.
As an alternative to fossil fuels, solar energy is a clean and emission-free method of energy production. Unlike damaging fossil fuels, the energy produced by a solar system does not release pollutants into the air.
2. Access to Tax Breaks and Incentives
Many people have chosen to switch to solar in order to reap the tax benefits and claim the financial incentives. In order to promote the use of renewable energy, public and private leaders have developed incentives to encourage homeowners to make the switch. Considering the sizable cost of solar panels, the incentives provided by federal, state, and local incentives help pad the cost of installation.
The federal residential solar energy credit is claimed on federal income taxes for a percent of the solar system. To qualify for this incentive your home solar system must be in service and generate electricity throughout the year.
Different states and local governments offer financial incentives to promote domestic solar panel installation. Research to see if you are eligible for additional rebates and incentives.
3. Control Over Energy Bills
Producing your own solar energy can liberate you from costly energy bills each month. The cost of energy is extremely volatile, meaning that bills can easily fluctuate over time. Calculating energy potential prior to a local solar installation allows you to gauge the impact of making the switch.
Prospective domestic solar users should calculate their annual energy usage. Energy is measured in kilowatt-hours. You can calculate it by tallying up your utility bills over the past year.
A home’s solar potential determines the impact it will have on its energy production. By using a sun mapping tool, you can calculate how much energy your solar system is likely to produce. If you produce excess energy you can store it in solar batteries or even sell it back to energy companies for profit.
Switch to Solar With a Solar Panel Install
Solar power provides a cost-effective and environmentally conscious solution for a home’s energy needs. By getting a solar panel install you too can pad your wallet and promote a clean environment.
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