Panels that convert sunlight into electricity: either connected to the grid, off the grid, or a combination of the two. Tax incentives include a 35% state tax credit and a 30% federal tax credit.
Be Your Own Utility Company
With a solar power system installed in your home, you essentially have a mini power station on your roof. Ultimately, you decrease your personal need to rely on your utility company to supply your power. In addition, producing energy on-site helps decrease the strain that growing energy demand places on the electric grid and infrastructure.
Increase the Value of Your Home
According to recent independent studies, solar-powered homes on average garner $17,000 more than comparable homes without a solar energy system. Compared to other home renovations, solar can often recover 100% of the original cost, where some home improvements can recover as little as 4% of the original cost. According to the U.S. Dept. of Energy, a home with solar energy sells twice as fast as a home without solar energy – even in a depressed market (http://emp.lbl.gov/sites/all/files/lbnl-4476e.pdf) As the industry continues to mature, the value of solar will only increase.
Reduce or Stabilize Electricity Costs
Because solar is renewable, plentiful and relatively easy to collect, your electricity costs will be lower. Unlike conventional power sources, solar on your home is collected for your own use. You’re no longer relying on your utility to provide you with energy, so your costs go down. Plus, in some cases your surplus power can be resold to your utility, bringing your costs down even more.
Hedge Against Rising Energy Rates
Many utilities are implementing tiered rate structures, which can be extremely costly to companies operating primarily during peak business hours. As these rates rise, implementing a solar power system is no longer an environmental decision; it’s a financial decision. Whether you purchase outright or finance the project, installing solar offers an alternative energy source during the normal 8 a.m. to 5 p.m. workday – greatly reducing, and even eliminating, a company’s exposure to those rising rates.
See a Return on Your Solar Investment
While the life of a solar energy system can be more than 20 years, homeowners often see a return within eight or ten years. Depending on the size and location of your home, an energy expert can calculate your return and show you what a smart investment solar can be.
Reduce Your Use of Fossil Fuels
Many people are concerned about the effects of fossil fuels on our environment and our planet. From deep-water oil drilling to carbon emissions generated by our vehicles, there are many dangers associated with generating energy to support our modern lives. By choosing solar, you reduce the demand for fossil fuels and begin to minimize the risks associated with conventional energy use and collection.
Decrease Our National Dependency on Foreign Oil
Many factors contribute to the concern about relying on foreign energy sources. By taking your home solar, you reduce your exposure to the volatility of foreign markets.
Reduce Your Carbon Footprint
In the U.S., the average household using conventional energy sources emits 16,290 pounds of CO2, (a greenhouse gas), while a home with a typical solar energy system installed reduces CO2 emissions by more than half.
Help Preserve our Resources for Generations to Come
Solar energy is a responsible, dependable, renewable energy source. With a solar energy system on your home, you’re decreasing demand on our limited natural resources and the impact extracting those resources has on our environment and on us.