According to statistics, America’s energy consumption doubles every twenty years. These statistics and others about household energy consumption will show that Americans need to think about solar technology and how it can be integrated into their homes. There are many benefits to solar technology. There are other benefits.
If you are considering going solar but aren’t sure whether you can afford it, you should. GTM Research states that residential solar systems are at an all-time low cost, making them the best way to invest your money.
We will show you the top benefits of integrating solar technology into your home if you’re still not sure.
These are the benefits of installing solar technology.
Significantly lower electricity bills
This can help you reduce your electricity bills many times. This is a significant portion of your monthly costs so cutting down on them can help you save money for more important things.
A solar panel system that’s efficient can produce power for your whole home. Even if you don’t consume all the energy produced, the solar system can reduce your expenses and help you save a lot.
You can get a 30% solar tax credit
Congress passed the latest tax reform legislation. This shows Americans will see a change in the way they calculate their mortgage interest tax deductions. While there have been major changes, homeowners will still qualify for a 30% tax credit to solar investment. The tax credit is still available, even though the numbers will decline in the future.
The ITC is not eligible for a tax deduction. The credit can be used to offset future taxes due the IRS. If utilities are connected before the end of the year, you may be eligible for a $9,000 credit. This is if your total solar purchase and installation costs were $30,000
This allows you to go off-the-grid
Solar energy can reduce your carbon footprint, lower your electricity bills, and even disconnect your home from the grid. Traditional electricity is dependent upon fossil fuels like coal and natural gas. This can lead to environmental damage.
These resources are not only harmful to the environment, but they are also limited. This is why electricity and fuel prices are on the rise. If enough people use solar power to generate their primary source of electricity, these resources won’t be so scarce.
Increases the value of your home
Numerous statistics have shown that solar systems and panels sell faster than houses without them. Home agents and resellers consider solar installations and price the home accordingly.
The demand for solar systems will increase as homeowners learn more about them and the benefits they offer. This will help you to sell your house. More buyers are looking for information on solar marketing. It is better to buy a house with solar panels rather than a property without.
This tool helps you to be aware of what you are doing.
Solar panels and systems installed in your home will help you be more aware of how much energy is being used, as opposed to conventional energy which you can blindly use. Solar systems have a limited power supply so it is important to turn off any unnecessary lights or appliances.
This will help you save even more money on your electricity bills. You will save more money if you are smarter about how you use energy. Because you won’t be directly affected by fluctuations in utility prices, you will be more independent and can continue receiving your free energy.
Reduce carbon footprint
According to Science Daily, one American household produces 20 metric tons of carbon dioxide per year. This is an increase in carbon dioxide emissions that is significantly higher than the four tons the rest of the world emits. Solar panels can reduce your carbon footprint significantly, even though it’s almost impossible to completely eliminate it.
Solar systems can reduce carbon dioxide emissions by up to 80%, which makes it easier to contribute to the environment. Solar panels do not emit any emissions so you can feel good about making a difference for the environment.
Higher return for your investment
Solar panels are a great investment that will bring you a higher return on your investment. Not only will you save money on your utility bills, but you also get a 30% tax credit. You can save even more money by generating utility bills credits in the summer.
There are many factors that can help you save money, including how much you use and the size of your home. Remember that the future value is higher than the amount you save today.
Final thoughts
If you’ve always wanted to put solar panels on your home but have been unable to do so, now is the time to start. Solar calculator software can help you determine if your home is eligible.
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