Solar panels are a big way to offset energy costs, reduce your home’s environmental impact, and provide many other advantages, such as supporting local businesses and promoting energy independence. Do you want to install a panel in your home? I have solar panels, and I want to share the top four benefits I see:
1. Reduce or eliminate energy costs.
This Is Quite Impressive. We live in Washington, DC, where the amount of sunlight is average but enough to provide zero-energy power to our three-child and two-adult homes. In the warm spring, we produce much more than we consume and then exchange it with utilities. When we run the air conditioning or on a cloudy day, we draw from the network in the hot summer. Even if you live in a dirty location, these locations typically receive more than two hours of sunlight a day, and sunny areas receive an average of 5.5 hours of daylight a day. Although more solar energy is generated on sunny days, solar panels will absorb energy even in cloudy weather. Indirect or diffuse sunlight will still help power your home. Cloudy skies usually produce 10-20% of the energy produced by sunny skies.
2. Receive bonuses and tax credits.
I didn’t realize how great this benefit would be, but our solar panels are paying us. First, when you file your taxes, you will receive 30% of the total cost of installation and equipment systems as a federal tax credit. This means you can save $7,500 on a solar system worth $25,000. Combine this with state and local rebates and solar renewable energy credits (SREC), and your total costs can be cut in half. SREC is generated throughout the year, and you can sell it to a utility company, resulting in a very substantial initial return on investment. Our Washington, DC Mayor Muriel Bowser signed the Renewable Energy Portfolio Standard Extension Act of 2016 in the summer of 2016. Bill B210560 will increase the renewable energy portfolio and solar energy demand to 50% and 5%, respectively, by 2032.
In addition, the bill created a plan within the Ministry of Energy and Environment to help owners of low-income households to install solar systems in their homes. The idea behind the bill is to stimulate the continued growth of the DC solar industry, which grew 170% last year. The payback time is only 3.5 years, while the solar panels have a 10-year warranty and a 25-year lifespan, which means you can generate electricity for free and earn more than 20 years of bonus points. It is hard to beat. It is socially responsible and financially profitable. Many installers also offer free installation, will bear all panel and installation costs, and charge for electricity at a lower rate.
They basically “rent” your roof space and in return offer your discounts on electricity bills. This is an excellent option for house owners who do not want to make an initial investment or prefer no repayment. In this case, the installer collects all revenue from SREC. No matter where you live, you likely have outstanding solar tax credits. Use them when you can.
3. Start the economy from day one.
The average annual energy expenditure per capita is US$3,052, which includes transportation and residential energy. Once installed, solar energy can reduce or eliminate these costs. They also provide long-term savings because solar energy is free. Solar panels can significantly increase your resale value. Most homebuyers understand the meaning of a solar panel house, especially since the system is already in place, and they do not need to make an initial investment and installation.
According to research, most house owners see a $ 5,911 increase in resale value per installed kilowatt. This way, if you install a 3.1 kW system, you can increase the resale value of your home by almost $ 18,000. Solar panels can also extend the roof’s life as they can protect from rain, snow and debris and other factors. They make the house more energy-efficient in summer because the hot sun does not shine directly on the roof but is absorbed by the panels, thus keeping the house’s temperature at a low level.
4. Help the environment, help all of us.
The solar power system obtains clean and pure energy from the sun. Installing solar panels in your home can help reduce greenhouse gas emissions and reduce our collective dependence on fossil fuels. Traditional electricity is generated from fossil fuels such as coal and natural gas. When burning fossil fuels to generate electricity, they emit harmful gases, the leading cause of air pollution and global climate change.
Fossil fuel is very detrimental to the environment but also a limited resource. Therefore, the price fluctuates constantly and may rise in a short period. Renewable energy can also improve public health. Coal and natural gas plants generate air and water pollution that is harmful to human health. But substituting fossil fuels with renewable energy sources such as solar energy can reduce premature death and overall health care costs. Although the production of fossil fuels requires many water resources and causes water pollution, solar power requires almost no water for its operation. Therefore, solar energy will pollute water resources and not put pressure on the world’s water supply.
Solar energy can also play a role during droughts or heat waves. Coal, natural gas, and nuclear power use large amounts of water for cooling. As we have experienced in recent years, power generation is at risk during heat waves or severe droughts. But the solar power system does not need water to generate electricity. In addition, solar energy creates clean energy jobs.
Read our blog on Advantages of Residential Solar