With the price per WK increasing every year, homeowners that switch to solar not only lock themselves instant savings but they gain energy independence. They become less dependent on traditional electricity methods and companies. The simplest and most effective way to gain some energy independence is to install solar. You will generate your own power and export the excess to the grid; for which you will receive a credit. Apart from simple maintenance every three years, there is nothing to check or worry about. Simply enjoy your reduced power bills.
Solar panels are viewed as upgrades, like a renovated kitchen or a finished basement, so purchasing a solar energy system will likely increase your home’s value. Studies show that homeowners pay a premium for a solar home; one study by Lawrence Berkeley National Laboratory showed that on average, solar increased the value of a home by about $15,000. Although market factors like electricity rates and system size may impact the size of the premium, solar homes can sell for more than homes without PV. Learn more about solar and real estate.
The solar resource of the United States is enormous. In fact, just one hour of noontime summer sun is equal to the annual U.S. electricity demand. Most states in the United States have good-to-excellent solar resource. Even places with relatively low solar resources, such as the Pacific Northwest and Alaska, can experience cost savings, and have similar solar resources to countries that have widely developed solar PV, like Germany.
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 also reduces water consumption and withdrawal.
The federal residential solar energy credit is a tax credit that can be claimed on federal income taxes for a percentage of the cost of a solar photovoltaic (PV) system.
Annual year-on-year growth in residential electricity prices in the United States from 2000 to 2020, with a forecast until 2022
The more solar energy your system produces, the greater its financial benefit to you and its environmental benefit to the planet.