More people are adding solar energy to their homes than ever before – just last year solar accounted for 48% of all new electricity-generating capacity added to the US grid through the first three quarters of 2023. More than 33 gigawatts were installed in 2023, compared with 21 gigawatts installed in 2023.
People are installing solar on their homes for two reasons in particular – to reduce their environmental impact, and to save money! In the next two years, the country’s solar capacity is expected to double as more homes make the decision to save money by going solar.
The results are clear – in general, a large percentage of homeowners can save money by going solar. See if you can save money today!
– Photovoltaic (PV) solar panels absorb the massive amount of energy that the sun generates each minute and convert it into direct current (DC) electricity.
– The DC electricity then moves to an inverter to convert it into usable Alternating Current (AC) electricity.
– If you’re looking to go completely off-grid, or ensure your home continues to have power during a blackout, you can add a battery system to store extra power your panels generate. There is additional cost to implement this, but this option is appealing to many prospective solar energy adopters.
– Your system will generate different amounts of energy depending on the amount of sunlight it is receiving – you’ll generate slightly less energy when it’s cloudy and none at night.
– An expert installer will design your system to generate the appropriate amount of power for your home.
– After installing your solar energy system, you will still be connected to the utility grid. This allows you to draw energy from the grid when your solar energy system is not producing 100% of the power that your home needs, and then send energy back into the grid when your system produces more than you need.
– Net metering refers to when utilities credit homeowners with solar for the electricity their solar panel system produces. If you are enrolled in a net metering agreement with your utility, you only pay for the electricity you use above what your solar system generates.
– Solar panels are extremely durable and require very little maintenance over their useful lifespan (25 – 35 years). The panels are tempered class, and even don’t need to be cleaned very often. Plus – panel warranties cover a wide variety of scenarios.
– Save money on your electric bills
– Protect yourself against rising electricity costs
– Reduce greenhouse gas emissions
– Eliminate reliance on fossil fuels
– Increase the value of your home
– Protect your roof from damage
– Electricity self-sufficiency!
– Flexible options to purchase, finance, or lease
– In general, there are three different options available with regards to financing a solar energy system. First, you can purchase the system outright with cash. Second, you can take out a solar loan to pay for your system over time. Or third, you can sign a solar lease / purchase power agreement (PPA). A qualified installer will be able to walk you through the best option for your unique scenario.
– There are a variety of rebates and incentives available to prospective solar adopters – and they vary widely depending on where you live. But, the most important incentive available right now is the Federal Investment Tax Credit (ITC). The ITC allows you to deduct 30% of the cost of your solar energy system from your taxes! Plus – certain states have additional tax credits or rebates.
If you’re looking for quotes for a solar energy system for your home, we can help. We’ll connect you with verified expert installers in your area that will be able to provide you with competitive quotes and answer any questions you have.
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