5 Reasons to Go Solar Today
Homeowners everywhere are enjoying the cost savings and environmental benefits of solar power. Going solar has never been easier, and never more popular. So why should you go solar today?
Save Money
Many homeowners don’t realize the savings they can reap by installing solar panels on their roof. NC Clean Energy Technology Center studied the 50 largest cities to see how their solar profit possibilities stacked up. The report shows that, in 46 of America’s 50 largest cities, a fully-financed, typically-sized solar system is a better investment than the stock market, and in 42 of these cities, the same system already costs less than energy from a residential customer’s local utility.
And homeowners don’t have to wait years to see the savings. People who go solar in America’s 50 largest cities can save an average of $44 to $187 per month during the first year that the system is activated.
Imagine if you locked in the price of gas 10 years ago. How much would you have saved during the past decade? According to Energy Sage, electricity prices rose between 2.5%-7% each year. By going solar, you could potentially lock in the cost of your energy and not worry about rising energy costs.
Earn Energy Credits from your Solar Array
Not only can homeowners look forward to a reduction in their energy bills but, in some states, energy can be sold to the grid. It’s called net metering and in some states, here’s how it works: When a homeowner’s solar panels generate more electricity than the home can use, homeowners may receive credits on their bill for the excess electricity. Customers are only billed for their “net” energy use.
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Improved Government Solar Incentives
New incentive plans have been put in place to make solar more affordable for homeowners. Incentives can vary widely from one state to another, so consult the Database of State Incentives for the most accurate data for your location. Homeowners residing in Massachusetts, New York and New Jersey can look forward to the best incentives.
Technology
Are you putting off going solar because you’re worried the current technology may become obsolete? These days the media loves to hype emerging technologies, but the truth is we’re still using essentially the same solar technology we were back in the 1960s. Since then, solar has become only moderately more efficient (unlike computers or cellphones which experience dramatic improvements in short periods of time).
Most solar panels are around 11-15% efficient. The efficiency rating measures what percentage of sunlight hitting a panel gets turned into electricity that you can use. The higher the efficiency, the less surface area you’ll need in your solar panels. Although the average percentage may sound low, you can easily outfit a typical roof with enough power to decrease your current electric bill.
It’s Easier than you Think
Solar installations are getting progressively easier. The US Department of Energy and its partners have been working on the Sun Shot initiative which is designed to simplify the process of solar installations and reduce costs.
Customers who live in certain states can now see the solar potential of their home with the click of a mouse. Google’s Project Sunroof allows users to instantly compare prices from all their local installers to get the best deals.
A recent Lawrence Berkeley National Laboratory report showed that permitting processes have been vastly improved by most cities and that these improvements had the ability to cut costs by $1,000 and wait-times by a month.
With all these incredible improvements in the process, as well as reductions in the cost of installing a solar array, it’s never been more affordable or easier to invest in renewable energy.
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