The Solar Speed discusses the benefits of using solar panels.
Solar panels are an excellent option to reduce energy costs as well as lessen impacts on the environment of your house and offer a variety of advantages, including aiding local businesses, and aiding in energy independence.
Do you want to put solar panels in your house? There are solar panels in my home and I wanted to give you the top four benefits I see them
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1. Reduce or eliminate your energy costs.
This is pretty incredible. We’re within Australia with a lot of sunshine, it’s enough to power our home with three children and two adults with an energy consumption of net zero. On sunny summer days we produce much more energy than the amount we use, we sell that to the energy utility. On hot summer days when we use air cooling or when it is cloudy we draw power off the grid.
Even if your home is in the middle of the night, these areas typically get over two hours of sun each day. Sunny places get on average 5.5 hours of sun each day.
While sunny days can yield more solar energy, solar panels continue to draw energy in the event of cloudy weather. Direct, or diffused sunlight can still be used to generate power for your home. The majority of cloudy days produce 10-20 percent of the energy produced during sunny days.
2. Redeem Tax credits or rebates.
I wasn’t aware of how huge of a gain this was and yet solar panels are actually making money for us. For starters, you’ll receive 30 percent of your cost of the system from the installation and equipment as a federal tax credit when you file your tax returns. This is equivalent to saving $7,500 for a solar system valued at $25,000.
Add this to local and state-wide rebates, as well as Solar Renewable Energy Credits (SRECs) which means that the total cost could be cut by half. SRECs are a form of renewable energy that is produced by solar power. SRECs are produced during the entire year and can be sold to utility companies. This produces a very impressive profit from the first investment.
The D.C. Mayor, Muriel Bowser, has signed the Renewable Portfolio Standard Expansion Act of 2016, in the summer of. The Act B21-0560 increases the solar and renewable portfolio requirement to 5 and 50 percent in the years 2032. The bill also creates a program inside the Department of Energy and the Environment to help homeowners with low incomes by installing solar panels at their residences.
The purpose of the act is to stimulate the continual expansion solar sector, which has grown by 170 percent in the past year.
The investment is backed by the potential to pay back in just 3.5 years. The solar panels are covered by a warranty of 10 years, and a useful longevity of 25 years. That is a guarantee of free electricity as well as credits for twenty years or more. It’s difficult to beat. It’s socially responsible as well as economically lucrative.
Many installers also provide a free installation. In this case, they take all the payment for the installation and panels, and charge electricity at a lower cost. These installers are “leasing” your roof space and offering you a discount on the power in return. This is an excellent alternative for homeowners who don’t wish to invest the money upfront or want a zero-money-down option. The installer will collect all profits from the SRECs in this instance.
Wherever you are there is a good chance that you can avail an amazing tax credit for solar. Utilize these tax credits while you have the chance.
3. Begin saving as early as day one.
The cost of energy for a year could be as high as the hundreds of thousands. In reality, the average annual cost of energy per person is $3,052 which includes residential and transportation energy. Solar power is able to reduce or eliminate these expenses when they’re installed. They also can provide the long-term benefit of savings because it’s free to take advantage of solar energy.
Solar panels greatly increase the value of your home’s resales. Many home buyers are aware of the significance of a house with solar panels, especially since the system is already installed and they don’t need to make the initial investment and install. According to research, the majority of homeowners will see a resale value boost per installed kilowatt. If you install a 3.1 Kilowatt system, it can boost the value of your home’s resale by almost $18,000.
Solar panels also increase the lifespan of a roof as they shield it against the elements such as snow, rain and other debris. They can make your home more efficient on energy consumption in summer as the scorching sun isn’t pounding down directly on the roof, but is instead absorbed into the panels, which keeps the temperature of the home lower.
4. Help the planet and us to all.
Solar power systems draw pure, clean solar energy. Installing solar panels on your house aids in reducing greenhouse gas emissions as well as reduces our dependence on fossil fuels. Traditional electricity comes from fossil fuels like natural gas and coal. In the event that fossil fuels are used to generate electricity, they release harmful gasses which are the main source of pollution in the air and global warming. Not just are fossil fuels harmful for the environment, but they’re also a scarce resource. Due to this, the cost fluctuates constantly and could increase in only a few days.
Renewable energy can also improve public health. Natural gas and coal power plants create polluting water and air that can be harmful to health. However, replacing fossil fuels with renewable sources of energy, like solar power, could reduce premature deaths as well as the overall cost of health care.
Even though fossil fuels require substantial water resources and result in water pollution, solar power needs a minimum of water to function. Also solar energy does not cause water pollution but it also does not strain the water supply in the world.
Solar power is also a viable option during a heat or drought wave. Natural gas, coal, and nuclear power utilize massive amounts of water to provide cooling. When there are heat waves or severe droughts, such as those we’ve had these past few years electricity generation is in danger. However, solar power systems don’t require water to produce electricity.
Additionally solar power also creates jobs in renewable energy. It is no surprise that the U.S. has been leading in the world for renewable energy. We hope that this trend continues in spite of budget cuts by the government for EPA and DOE as creative and forward-thinking firms continue to embrace the evolving nature of energy production, and transition to renewable sources of energy.
Then, there are many LEED credits that are related to solar energy you could look into if you’re building a green home. These include orientation to the sun, orientation of buildings for passive solar , and renewable energy. Checkout Speedy Solar Which is the Best Solar Installation Sydney.