With the cost of living on the rise and the effects of climate change in the headlines, many are looking for ways to lower costs and their carbon footprint.
Solar energy is a technology that more people are researching for their homes and businesses to achieve this goal.
The benefits of solar panels are now recognized, and it shows in the statistics. The Solar Energy Industries Association, SEIA, reported just last year that in the United States, the energy from solar is thirty-six times its share than a mere ten years ago.
Environmental Benefits -
First up is solar energy’s environmental benefits. With sustainability such a hot topic, solar power is a way to lessen dependency on fossil fuels.
Unlike limited energy sources, solar energy production does not emit dangerous pollutants or gases into the environment. The Department of Energy states, “Each kilowatt-hour (kWh) of solar that is generated will substantially reduce greenhouse gas emissions like CO2, as well as other dangerous pollutants such as sulfur oxides, nitrogen oxides and particulate matter.”
Solar panels work anytime the sun is shining. These panels are installed in not only well-known sunny areas but in climates of all types. States including New Jersey and Massachusetts rank in the top ten list of states’ cumulative solar capacity rankings.
Another benefit of solar panels is they require no digging or impact on the environment to produce energy and are virtually maintenance-free.
One of the earth’s most precious resources is water. While large amounts of water are used in traditional energy production, solar energy uses a fraction in generating power.
Residential & Commercial Benefits -
Whether it be soaring prices at the pump driving people to look into hybrid-style vehicles or a solar installation to reduce high energy bills, now is the time to learn about the benefits of solar panels.
Oil and gas costs can fluctuate wildly. Seemingly overnight rates can reach unprecedented levels. Solar power can help the household budget remain at a predictable number.
Severe weather can lead to periods of power outages. Surges may harm appliances and other plugged-in devices when this happens. Energy stored in solar batteries is a way to ensure that your power stays on in the case of this type of event.
Owning property is likely the most significant investment most of us will ever make. Installing solar panels is proven to increase the value of your home and business alike.
Some note that photovoltaic panels are down an astonishing 82% since 2010. Zillow reported in 2019 that homes with a solar installation sell for 4.1% more than those without panels. These stats, paired with the fact that solar panels are more affordable than just a decade ago, is an undeniable benefit of solar energy.
Financial Benefits -
As we mentioned saving on monthly utility bills, increasing property value, and staying on a predicted budget are tremendous benefits of solar energy.
But there are also tax credits and rebates you should be aware of when considering investing in solar energy.
2022 is the last year to take advantage of the Energy Investment Tax Credit or ITC. This 26% tax credit will decrease to 22% for homeowners and expire in 2024.
Talk with your professional solar consultant to discover if you are eligible for combined credits and any that apply to your particular state.
Many areas have rebates, tax abatement programs, and easements. Your consultant should know what your state offers and if any county or city programs are combinable with state or federal incentives.
With all the benefits of solar energy on the environment, residential, and commercial properties, 2022 might be the perfect year to consider a solar installation of your own.
Learn how to make the most of the ITC tax credit and other savings by contacting a local solar consultant before year’s end.
Yellowlite is a proud installer of residential and commercial solar panel arrays. Visit our website www.yellowlite.com for more information today! Contact us for a professional consultation when you are ready to start your solar project.