Here comes the sun, bringing warmer temperatures along with rising energy bills.
It only makes sense to explore ways to cut your electricity bills. Have you given thought to a solar power upgrade?
Originally, solar power was a quirky, green notion bandied about by a few tree-hugging homeowners. It has long since outgrown that reputation with a decades-long track record of success. Solar panels can convert the sun into an efficient, money-saving system for powering your home. It is a popular technology so it’s relatively easy to find suppliers and skilled professionals to complete your installation.
If you’re not yet convinced, check out this list of the benefits of installing solar panels.
- Energy savings
Even if you’re not in the sunniest climate in the USA, your solar panels can generate enough energy to make it worth the cost. Your personal savings will depend on your average monthly bill. But your system might generate enough energy for your mailman to skip your house on energy bill delivery day. - Increased market value
A US Department of Energy study conducted by Berkeley Lab determined that a solar energy installation generated a median increase of $15,000 in home selling prices. The six-state study determined that solar panels were considered a home upgrade, on par with a new kitchen or bathroom. - Tax credits, benefits, and buying incentives
When you do the research you’ll discover that state, local, and federal governments are willing to reward you for upgrading your home with solar panels.
Your solar energy home improvement may entitle you to a federal tax credit. The current program allows a 30 percent credit for solar panel purchase and installation costs. Beginning 2020, the credit will be reduced to 22 percent.
When you install solar panels you may claim Renewable Energy Certificates (formerly Renewable Energy Credits). You may either retain or sell your REC rights. Any additional income you earn will help offset your solar costs.
Check with your state and local governments. Many have incentive programs to encourage home solar energy conversion.
And yes, it will help you be green
When your home improvement plan includes a solar panel upgrade, it will reduce your dependence on industries that burn fossil fuels such as coal and oil. You’ll minimize your responsibility for the greenhouse gas byproducts that contribute to climate change. Solar power will help you live a greener life, and that’s a big deal.
