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QUESTIONS ANSWERED...
Are solar panels worth the cost for homes?
Answer...
The solar panels on my house were used to bend and smooth out our electricity cost curve over the year. It was one of a number of updates we did to the house.
What our panels do is minimize the hit of rate increases. We buy power from our panels at a reduced rate and contractually fixed gains over time. We didn’t pay a cent for our panels. We will own them outright in another 9 years. In our arrangement we effectively buy solar power in the summer and power from the grid in the winter. The overall net effect was to reduce our electricity costs by around 30%. That would become a permanent 30% discount on electricity as long as the panels keep producing well.
What is the purpose to use solar energy?
Answer...
In the past few years, increasing electricity bills have bothered many people and you might be one of them. Alternatively, you are one of those people who know their responsibilities towards the climate. That is why you are reading this blog post. One of the best ways of saving not only energy but also money for the usage of energy is installing one of the most reliable residential solar systems. Some of the benefits of installing it are:
• Reduced cost of electricity bills
• Saving energy
• Contributing to the green environment
Save on power bills
The first and foremost financial benefit of using a solar system is saving money on power bills. In fact, it is the main motivation for the increasing number of solar system installation according to the best solar company in the United States.
- In the United States, energy wholesale prices are quite high, which makes investment in a solar PV system more favorable to homeowners and business owners.
Long Term Benefits
- The electricity we use from the electricity provider is produced from limited resources. This is the reason each passing year, we see a hike in the power bills per unit.
- On the other hand, solar energy is unlimited and renewable. Therefore, you do not need to worry about limited resources and consequences related to that.
Once the solar power installation is completed, you will not need to pay high electricity bills. Generally, a solar panel comes with 25 years of warranty. This ensures you are going to get financial benefits from your solar system for 25 long years at a minimum.
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Top 10 Benefits of Owning a Solar Panel System
Solar panels can help a person save money on their energy costs. Solar panels may be a little pricy at first but there are many incentive programs to help a person cover the cost. These are the top 10 benefits of owing a solar panel system.
- Monthly Savings
In many states solar panels can save a person over $100 a month on their electric cost. If a person has to heat their home using electric heat solar panels can of money a month by using solar panels for power. Over a 20 year period of a person can see over $50,000 in savings.
- Immediate Savings
As soon as a person installs a solar panel they will see savings for day one. A person can pay for their solar panels a little at a time. The monthly cost for paying for solar panels will often be less than the monthly electric bill.
- Low Payback
Many homes do not have to pay for the installation of solar panels up front. They can spread the cost over a 10 year period. After this a person can enjoy monthly savings.
- Increase the Value of the Home
Many potential buyers will be interested in homes with solar panels. These panels will allow them to enjoy lower electricity bills and lower taxes. Solar panels also make the home look more attractive. Homes with solar panels sell 20 percent faster than homes that do not. Owners will often get more money when they are selling the home.
- Attractive Incentives
When a person is installing solar panels in their home they can receive some tax incentives. There is a Federal Solar Tax Credit that will allow a person to get up to 30 percent of the cost of the solar panel system back. There are also Solar Renewable Energy Credits that will also reduce the cost. Some states have additional tax credits as well.
- Secure Investment
Solar panels will be able to generate energy and their prices are said to remain steady for the next 20 years. The price of electricity is constantly changing and at times the price can drastically increase. A person cannot lose money making their own energy.
- High Performance
Solar panels are guaranteed by the manufacturer for 20 to 25 years. They will repair them if anything happens. The lifespan of a solar panel on average is 40 years so a person can have energy for a long time.
- Help the Environment
Solar panels can allow a person to reduce their carbon footprint. The United States is the second most emitter of carbon dioxide every year. Solar energy does not release this byproduct. This clean energy will not harm the environment in any way.
- Independent Energy
A person will not have to rely on foreign countries for energy. Eventually there will be a shortage of oil, coal, and natural gas. Solar energy will eliminate this dependence.
- Easy to Understand
Once a person installs solar panels they will not longer have to shop around for competitive energy prices which can become complicated. A person can work with a consultant that will help them with the solar panel every step of the way. They can even get a no obligation price quote.
Solar panels are attractive to homeowner. They will increase the value of the home while reducing the energy costs. This is an all around win for the homeowner.
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Las Vegas, NV
89128
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