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If you're considering adding solar panels and a home battery system, this is the perfect moment to do so. Solar power has become increasingly affordable, accessible, resilient, and efficient. Here are the top five advantages of solar energy to keep in mind.
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FiveReasonsWhyHomeSolarandBatteriesAreWorthIt Ifyou’rethinkingaboutinstallinghomesolarpanelsandahomebattery,nowisagreattime.Solarenergyismoreaffordable, accessible,resilient,andefficientthanever.Herearefivebenefitsofsolarenergythatmatterthemost. 1.TakeChargeofYourElectricity Homesolarpanelsandbatterieshelpyoubecomeindependentfromtraditionalutilitycompanies.Theykeepyourelectric billsconsistentandgiveyoubackuppowerduringgridoutages.Electricitycostshaveincreasedbymorethan15%overthe pasttenyears,whichisexpectedtocontinue. Solarserviceagreementsofferfixed,affordableratesusuallylowerthanregularelectriccompanies,savingmoney.Insome areas,solar-poweredbatteriescanprotectyoufromhighelectricratesthatchangebasedondemand.Asolarandbattery systemcanhelpyouavoidpayingmoreduringpeakhoursandsavemoney.Also,asolar-poweredhomebatterykeepsyour
electricityonevenduringblackouts.ItmattersbecauseFloridahasexperiencedpoweroutagesduetooutdatedandoldelectricityonevenduringblackouts.ItmattersbecauseFloridahasexperiencedpoweroutagesduetooutdatedandold infrastructure. 2.BoostsPropertyPrice Anotherbenefitofhomesolarandbatteriesisthattheyboostyourhome’svalue.AcrosstheU.S.,solarpanelsincreasea home’svaluebyanaverageof4.1%.Ifahouseisvaluedat$500,000,itcouldseea$20,500increase. Theexactvalueincreasevariesdependingoneachinstallationandproperty.Still,recentstudiesshowthatforeverykilowatt ofsolarpanelsinstalled,there’sanaverageincreaseinresalevaluebetween$4,020and$5,911. Onaverage,rooftopsolarinstallationandbatterycostsaretypicallyrecoveredwhenthehomeissold.Additionally, householdsthatinvestinsolarbenefitfromlowerenergybillsandtaxincentives,whichcancoverthesystem’scostsmultiple timesduringitswarrantyperiod. Thetimeasolar-poweredhomespendsonthemarketcanvarybyregion.Generally,homeswithsolarpanelssell20%faster thanthosewithout. Thenumbersspeakforthemselves:Installingsolarpanelsathomeisawiseinvestment.Whetheryou’reupgradingyourhome forafuturesaleorplanningtostay,propertyvaluesusuallyincreasesignificantly. 3.ProvidesGreen,RenewableEnergy Usingsolarenergyathomeoffersclean,emissions-freepower.Solarpowercanstopupto$170billioninenvironmentaland healthharmandsaveover30,000livesbycuttingairpollution.FamiliesinstateslikeFloridacancuttheircarbonfootprintby switchingtorenewableenergylikesolarpanels.Itreducesemissionsbynearly5,000poundsofcoaleachyear.
Homesolarpowerhasimmensepotential.Ifwecouldcollectallthesun’senergyforjustonehour,wecouldpowerthewholeHomesolarpowerhasimmensepotential.Ifwecouldcollectallthesun’senergyforjustonehour,wecouldpowerthewhole worldforayear.Whenyoucutyourcarbonfootprint,you’rehelpingtostopharmfulemissionsfromburningfossilfuels. Renewableenergytechnologyisvitaltoacleaner,brighterfutureforall. 4.MakingSolarMoreAffordable Costshavedecreasedsignificantly,withhomesolarsystemsdroppingbyover70%inthelastdecadealone.Similarly,prices forhomesolarbatterieshavealsoexperiencedasignificantreduction. However,despitethesedecliningcosts,theinitialout-of-pocketexpensescanstillbesubstantial.Adoptingcleanenergy sourceslikehomesolarisimperativeforpreservingcleanair,ensuringdependablepower,andprotectingourcommunities. 5.TaxBreaks&CashIncentives Manypeopleeitherfinancesolarpanelsandbatteriesorpurchasethemoutright.Thecostofsolarpanelsvaries.Depending onyourlocation,youcanoffsetmuchofthiscostandrecoupitswiftlythroughincentivessuchasthefederalsolartaxcredit, localrebates&netmetering. NetMetering:Whenyoursolarpanelsproduceextrapower,itissenttothegrid,andtheelectriccompanypaysyouforit.You canusethatpaymenttoreduceyourelectricbill,evenwhenyouusemoreelectricitythanyourpanelsproduce. SREC:SolarRenewableEnergyCredits(SRECs)helpsolarsystemownersearnmoney.Electriccompaniesinstateswitha RenewablePortfolioStandard(RPS)buythesecreditsfromsolarownerstomeetrenewableenergyrequirements.Ownerscan sellSRECsthroughplatformslikeSRECTrade,makingearningfromtheirsolarenergyeasier.
FederalInvestmentTaxCredit(ITC):TheInvestmentTaxCredit(ITC)hasbeenupdatedandextended.ForPVsystemsFederalInvestmentTaxCredit(ITC):TheInvestmentTaxCredit(ITC)hasbeenupdatedandextended.ForPVsystems installedbetween2022and2032,there’snowa30%taxcredit.Itdecreasesto26%forinstallationsin2033andthento22%for thosein2034.TheITCnowcoverssolar+storageequipmentexpenses,includingstoragedeviceswithacapacityratingof3 kilowatthoursormore.Itmakespairingstoragewithsolarmorebeneficial.ThisisanareawhereTampaBaySolarexcels. Thesetaxcreditssignificantlylowerthecostofinstallingrooftopsolarpanelsinhomes,savingover$7,500foranaverageper system. TaxExemptions:Yourstateorcitymightoffertaxbreaksonpropertyorsales.Solarsystemscanaverageyourhome’svalue byupto$15,000.So,ifyoumove,you’llmakemoremoney.Also,dependingonyourstate’ssalestaxrate,youcouldsavealot whenbuyingasolarsystem. Performance-BasedIncentives(PBIs):Yourstateorelectriccompanymayprovideperformance-basedincentives,knownas PBIs.Theseincentivescompensateyouwithcreditsfortheelectricityyoursolarsystemgenerates. CommercialSolar,ResidentialSolar,Solar101 Relatedposts
EconomicAdvantagesofSolar:SavingMoneyandInvestingintheFuture!EconomicAdvantagesofSolar:SavingMoneyandInvestingintheFuture! Transitioningtosolarpoweristhefirststepinyourjourneytowardenergyindependence.Afterthat,maintainingyoursolar panels,whichhavenomovingpartsandrequirelittlemaintenance,... CommercialSolar,ResidentialSolar,Solar101 ReadMore
SolarMaintenance101:KeepingYourSystemRunningatPeakEfficiency Transitioningtosolarpoweristhefirststepinyourjourneytowardenergyindependence.Afterthat,maintainingyoursolar panelsiscriticaltoensuringtheyrunefficientlyandlast... CommercialSolar,ResidentialSolar,Solar101 ReadMore
