Go Solar with Confidence.
Solar power systems have become popular worldwide over the past decade, and as the leader of the free world, the United States is no exception to this important technological advancement. You may be wondering why solar power systems become so prevalent, or you may even be considering installing Solar for your home. Here is some key information, and answers to questions you may have had about going solar including:
- The Short-Term Benefits of Going Solar
- Long-Term Savings and Benefits
- The Environmental Impact of using Solar Energy
- How the ITC (Federal Tax Credit) helps Homeowners
- What Solar means for our Economy
The cost of electricity has been going up over the past few decades. According to the Bureau of Labor and Statistics, the cost of electricity has been going up sharply. The main reason for this sharp increase is the outdated power generation method (Centralized Power Plant).
Homeowners who installed solar power systems for their house the right way early on are now enjoying the monetary benefits of a solar power system.
Utility Companies offer multiple electricity rate structures. Most homeowners are either on Tiered Structure or Time of Use (TOU). These rate structure along with your actual usage determines how much your Electricity Bill will be. Then, on top of that, the utility company will add certain surcharges in addition to the tax.
Going Solar give you the ability to:
- Lower your Electric Rate
- Get control over your Electricity Bill
Installing a solar system is not only about saving the planet and gaining short term benefits. It is also about your long term savings such as increasing your property value.
Researchers at the Lawrence Berkeley National Laboratory have data that substantiates that homes with solar panels have sold for a higher price than those without. The Berkeley study focused on home sales with and without the solar systems in California.
The basic conclusion of their study states “the analysis finds strong evidence that California homes with PV systems have sold for a premium over comparable homes without PV systems.” This added bonus was anywhere from $3.90 to $6.40 per watt of capacity, but the most common result ended up being just about $5.50 per watt. This, the study said, corresponds to a home sales price premium of approximately $17,000 for a relatively new 3,100-watt PV system (the average size of PV systems in the study).
What does that mean for you as a homeowner?
- Solar increases home value
- Solar helps against future rate increases
- Solar helps the environment
Which brings us to the next topic...
The whole world has started to shift from centralized structures to the distributed models in many aspects of life and business. As an example, you can look at the taxi industry, which has been revolutionized by companies such as Lyft and Uber.
This change in the taxi industry increased the convenience of transportation while it lowered the cost.
The same rule applies to power generation. The centralized power generation model belonged to 20th Century. Now, in 21st Century, we are shifting towards distributed power generation which is safer, cleaner and less expensive. By doing this, we no longer need to generate electricity hundreds of miles away from towns and transmit and distribute them to buildings to be used. This means we can save lots of money while increasing the stability of the electricity that we use.
Centralized power plants usually use fossil fuel to generate electricity and we all know that fossil fuel are not environmental friendly.
There are not any planets with the same condition to support human life, so it is up to us to protect and save this beautiful planets for ourselves and future generations.
One way of keeping our planet clean is the use of renewable energies which are a lot less damaging to the environment compared to the fossil fuel.
The Sun is the ultimate and an unlimited source of energy which has been powering human life for millions of years. As a matter of fact, if our planet’s distance to Sun increases or decreases for any reason, then human life will be impossible. The Sun radiates sunlight to us everyday for a few hours and that is energy.
All we need to do is to use equipment to harness that energy and change it to Electricity. That's where Solar (Photovoltaic) Panels, also know as PV Panels, come into play.
- The world is shifting from centralized structures to distributed power generation models
- Centralized power plants usually use fossil fuel
- Renewable energies are a lot less damaging to the environment
- All we need is to harness the energy from the unlimited source
It's a common misconception that Solar is too expensive.
Now more than ever, the opportunity to save on Solar Installation through government incentives make going Solar and affordable and wise investment.
This is what the SEIA says about the Solar Investment Tax Credit (ITC):
A tax credit is a dollar-for-dollar reduction in the income taxes that a person or company claiming the credit
would otherwise pay the federal government. The ITC is based on the amount of investment in solar property.
Both the residential and commercial ITC are equal to 30 percent of the basis that is invested in eligible property
which have commence construction through 2019. The ITC then steps down to 26 percent for projects that begin
construction in 2020 and 22 percent for projects that begin in 2021. After 2021, the residential credit will drop to
zero while the commercial and utility credit will drop to a permanent 10 percent.
The Solar Tax Credit has helped qualified homeowners to save a lot more on their solar investment. Homeowners pay $0.70 for every dollar just because the ITC covers 30% of the qualified investments.
- The incentives are decreasing every year
- Solar is affordable
- Speaking with an advisor can help you make an informed investment
Going solar will help homeowners use American-Generated Electricity without sending our money out to buy oil, gas, etc. This will help our economy to be stronger due to our energy independence.
To give a better understanding...
Distributed power generation will lower our dependency on foreign energy which is the biggest threat to our industrial independency. This shift from centralized power generation to distributed power generation from renewable sources, such as solar, will help our economy grow faster than ever before due to our reduced dependency.
Centralized power generation is not as safe and stable as we assume!
As a matter of fact, centralized power plants are very vulnerable to terrorist attacks. Why? It is simply, because all the centralized power plants are networked together either via transmission lines or distribution lines. This means, if part of the network is damaged for any reason, the rest of the network will be affected as well.
On the contrary, the distributed power plants such as roof top solar power systems are not relying on any network, especially if it is connected to a home battery.
In conclusion, shifting from the outdated power generation, (Centralized Power Plants), to the new technologies, (Distributed Power Plants), such as solar power systems in a great idea -- but lastly, you want to make sure to work with the right people for your project.
Solar Yellow Pages has employed Energy Advisor Hub's cloud-based technology to connect homeowners with the right solar panel installers based on the homeowner’s needs and house specifications. These services are entirely free to homeowners.
Simply visit us at SolarYellowPages.com, or click the link below and one of our associates will follow-up with you shortly with a customized plan for you.