Jessica PirroOctober 11, 20195010
Sources of renewable energy are growing more and more popular and solar power is arguably the most popular of all of the sources of renewable energy. As solar energy gets more and more popular the cost of solar is dropping making now the perfect to invest in solar panels.
But those aren’t reasons enough for homeowners to make the switch over to solar power. Most homeowners need a little more information before they go solar. If you are looking for homeowners look no further, here are some reasons to go solar!
The Environmental Benefits of Solar Energy
Most people who have heard anything about solar panels know about the environmental benefits of solar energy. Electricity and air pollution that was stemming from fossil fuel plants make up more than one-third of the total carbon emissions in the United States. A result of the carbon emissions is air pollution. Air pollution can impact the community’s health. Sources of renewable energy, such as solar panels, produce very little to no pollution.
By getting a solar panel installation you can reduce your carbon footprint. Buildings are responsible for 38 percent of all carbon emissions in the United States, and by simply choosing to go solar it can significantly decrease that number. Getting solar panels installed on your rooftop can eliminate three to four tons of carbon emissions each year, which is equivalent to planting over 100 trees.
Cost of Solar is Falling
In the past 5 years, the cost of solar has fallen over 34%. An average solar-powered system is can cost anywhere between $10,000 to $30,000 when homeowners utilize the federal tax credit. But at the end of 2019, the federal ITC is going drop from 30% to 26%, so if you are considering the option to go solar, now is a perfect time.
But if the initial investment is too much, there is a way that it can be $0 down by getting a lease for solar panels. If you get a lease for solar panels, you won’t be able to get the solar energy tax credits, because you don’t own the system.
Earn a Return On the Cost of Solar
Even though the cost of solar is falling, it still is a pretty costly investment, but the returns that are rivaling those of more traditional investments such as stocks and bonds. But thanks to substantial solar electricity bill savings, the average American homeowner is going to pay off their solar-power system in an average of seven to eight years and sees an ROI of 20 percent or more. When you factor in solar panels significantly reduced equipment costs and reliable performance, the average return of investment of solar energy ranges from 8% to 12%.
Electricity Bill Reduction
Regardless if you are a home or a business owner, the cost of electricity can easily make up a large portion of your monthly expenses. But if you go solar, a solar-powered system, you will generate free solar power for the entire 25+ year lifetime of your solar-powered system. Even if you aren’t going to produce 100% of the energy with your solar panels, solar power is going to reduce your utility bills and save you a lot more money.
Solar Panels Work in the Winter
Many homeowners who live in areas that get snow are a little hesitant to go solar because it is a common misconception that their solar-powered system isn’t going to work unless it’s a warm sunny day. However, luckily for us, it’s just that a misconception. While solar power production is going to be reduced, your solar-powered system is still going to produce solar energy.
Solar Panels Can Be Installed on Your Roof or The Ground
If your roof is ideal for solar panels, installing a solar-powered system on your rooftop is probably going to be the best option for you. But if your roof doesn’t fit the minimum requirements, you still can enjoy not only the environmental benefits of solar energy but the tax benefits of solar energy as well, with ground mount solar panels. Getting solar panels installed on the ground is going to take up a lot of land space so before you commit to a ground mount solar-powered system you should make sure that you can afford to forfeit the land space.
You Can Store Solar Energy
Thanks to technological advancements, you can now store the excess solar energy that your solar-powered system is producing to be used at a later time. Even if the sun isn’t shining, it doesn’t mean that you aren’t going to be able to use solar energy during the day and night. Most of the solar-powered systems are going to rely on the grid for power when they aren’t producing solar energy. But with all of the advancements in the solar energy battery industry, homeowners can now solely rely on their solar-powered system for power and they can cut ties with the grid if they want.
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