Top 10 benefits of solar energy
SOLAR POWER SYSTEMS CAN PRODUCE ELECTRICITY FOR 25 OR MORE YEARS
Most solar panel manufacturers offer a 25-year power production warranty guaranteeing that their solar panels will continue to generate electricity at a certain capacity for the warranty’s duration.
YOUR BILL NEVER GOES UP
When you install a solar energy system on your property, you save money on your electricity bills and protect yourself against rising electricity rates in the future. How much you can save depends on the average Tier you are in and then you have to factor in the rising Tier price…YIKES!!, but going solar is a smart investment regardless of where you live and how much you spend per month.
SAVES THE ENVIRONMENT
Solar is a great way to reduce your carbon footprint. Homes are responsible for approximately 38 percent of all carbon emissions in the U.S., and going solar can significantly decrease that number. A typical residential solar panel system will eliminate three to four tons of carbon emissions each year—the equivalent of planting over 100 trees annually.
FEDERAL TAX CREDIT
The investment tax credit (ITC), also known as the federal solar tax credit, allows you to deduct 30 percent of the cost of installing a solar energy system from your federal taxes. The ITC applies to both residential and commercial systems, and there is no cap on its value. The average homeowner saves nearly $9,000 on the cost of going solar as a result of the ITC. However, the ITC reduces to 26% at the start of 2020.
NO UPFRONT COSTS
When you decide to go solar there are more than 10 State and local programs available to you. By speaking to one of our qualified advisors we can show you all of the options and explain each one to you then you can make the choice that fits your needs the best.
CREATE JOBS AND HELP YOUR LOCAL ECONOMY
According to The Solar Foundation, the solar industry added jobs at a rate nearly 12 times faster than the overall U.S. economy in 2015, representing 1.2 percent of all jobs in the country. This growth is expected to continue. Because solar-related jobs tend to be higher paying and cannot be outsourced, they are a significant contributor to the U.S. economy.
INCREASE YOUR PROPERTY VALUE
According to a 2015 report by the Lawrence Berkeley National Laboratory and multiple studies have found that homes equipped with solar energy systems have higher property values and sell more quickly than non-solar homes. Appraisers are increasingly taking solar installations into consideration as they value homes at the time of a sale, and as homebuyers become more educated about solar, demand for properties equipped with solar panel systems will continue to grow.
INCREASE YOUR PROPERTY VALUE
One of the clearest cut benefits of solar panels is the ability to hedge utility prices. In the past ten years, residential electricity prices have gone up by an average of 16.5% percent annually. By investing in a solar system now, you can fix your electricity rate and protect against unpredictable increases in electricity costs.
EARN A GREAT RETURN ON YOUR INVESTMENT
Solar panels aren’t an expense – they’re one of the best ways to invest, with returns outpacing those of more traditional investments like stocks and bonds. Thanks to substantial electricity bill savings, the average American homeowner pays off their solar panel system in seven to eight years and sees an ROI of 20 percent or more.
DRASTICALLY REDUCE OR EVEN ELIMINATE YOUR ELECTRIC BILLS
Whether you’re a homeowner, business, or nonprofit, electricity costs can make up a large portion of your monthly expenses. With a solar panel system, you’ll generate free power for 25+ years.
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