Why Should I Consider Solar Panels For My Home
The question is, “Why not?” You may think solar energy is a luxury or a way to help the environment. You may be surprised at the number of options that are available to offset the cost. There is always the old saying “If it ain’t broke, don’t fix it.” Although solar panels are not as hard to obtain or as luxurious as you might think, they can still be a great alternative to standard electric service.
Solar Panel Costs and Savings
Solar energy is not for everyone. The cost of installation and maintenance are the only downsides. You will pay the majority of the upfront cost for switching to solar energy in order to save money. Consumer Affairs states that the cost of installing a 6kw system can run from 13k to 20k in the US, depending on the state. This includes tax credits. Although this may seem daunting at first, it doesn’t mean that you will need to pay the entire cost.
This article also explains how your family could save up 75% on their energy bills depending on where they live, the climate in your area, and the amount of energy consumed. Taking into consideration the federal tax credit, solar panels can be paid off in 7-10 years. Under the new ECO4, solar panel grants are available to households across the UK in 2023. Read the Warma UK guide to know how to qualify for a solar panel grant.
Solar Panels have environmental benefits
Solar energy has many benefits for the environment. It reduces greenhouse gas emissions and can be used to produce non-renewable energy. This is especially important as global warming and human population increases.
The U.S. According to the Energy Information Administration, an average Connecticut solar-powered home uses 8,288 Kilowatt-hours (kWh), of electricity each year. This is equivalent to planting 150 trees each year over the life of the solar panel system. It also eliminates the equivalent of burning 5,000 pounds coal every year.
Solar Panels Incentive
Although solar energy can be expensive upfront, homeowners have multiple incentives to benefit from once they have installed solar panels. Many organizations, including the U.S. government, are now embracing “going green”. Government!) They are starting to pay attention and offer incentives for homeowners.
FPL, for example, allows customers to connect their rooftop solar panels to the energy grid. This allows customers to buy energy from FPL and then sell the excess energy back to help support the energy infrastructure.
The federal government offers a tax credit of 26% if systems are installed between 2020-2022 and 22% if they were installed in 2023. Unless Congress renews the credit, it expires in 2024. This means that now is a good time to add solar energy to your home.
DSIRE can help you maximize the incentives that you are able to use to offset the cost for your solar energy system. The DSIRE website is “the most comprehensive source of information about incentives and policies that support energy efficiency and renewables in the United States”. It also provides a database to assist you in finding information based on where you live.
This article also explains how your family could save up 75% on their energy bills depending on where they live, the climate in your area, and how much energy is used. Taking into consideration the federal tax credit, solar panels can be paid off in 7-10 years.
Greater home value
According to Zillow, homes with panels sell at 4.1% higher prices. However, another study by Lawrence Berkeley National Laboratory showed an $5911 increase in the resale price for every kilowatt installed. A 6kw system can increase a home’s value by $35,466. This allows homeowners to not only recover their initial investment but also make a profit.
It’s all in the end
The average 6kw system installation costs around 13-20k in the US. Most of this cost must be paid upfront. Many homeowners believe that solar energy is not feasible or necessary for their homes. When you consider the average break-even point at 7 years, the many benefits available to homeowners, and the increase in home value, a home with solar panels and an energy system is not only a smart investment but also a great home improvement.
This post was written by a professional at Red Solar. Red Solar was started with the mindset of renewable energy being the future. We want everyone to travel through this transition. We can all agree that solar is the best way to reduce your carbon footprint, but it’s not the only way. During a Red Solar energy evaluation, all energy commons in your home will be analyzed for results. Our expert technicians will guide you through the process for better understanding and reassurance. Looking for the best solar panels in Palm Springs? Then contact us for more information today!