Managing Your Business Like A Professional

Benefits Of Going Solar

by Sherri Robinson

While the cost of electricity is going up, like most things, the cost of using a solar energy system has declined. Here is a look at the benefits of going solar.

Solar Panels Will Reduce or Eliminate Your Energy Costs

Solar panels — which are often placed on the roof of a home — will for sure reduce the energy consumption you pay for as a homeowner. And depending on where you live and your energy needs, you could even eliminate completely your reliance on the grid. Even if you live in the cloudiest city in the United States — Pittsburgh, Pennsylvania — solar panels will still receive diffused sunlight and store energy.

Solar Panels Come with Rebates and Tax Deductions

If you hurry up and purchase a solar system in 2019, the federal solar tax credit allows you to deduct 30 percent of the cost of whichever solar system you install from your taxes. There is no limit on how much you can deduct. In the year 2020, that deduction will drop to 26 percent, but that still represents substantial savings if you can get it done this year.

Some states offer other tax credits and rebates as well. Additionally, your local utility company may also offer credits to people who use solar systems in their home. Solar panel companies also often offer rebates. In addition to the money you save from using less energy, you could save even more from credits and rebates.

Solar Panels Are Green Technology

Anyone who installs a solar system in their home is helping to save the planet. Solar energy is a natural, renewable resource, unlike most other ways of generating electricity and heat. Coal, natural gas, or a lot of water are all required to generate electricity and heat homes.

These processes produce emissions, which enter the atmosphere. Not only do they cause pollution, but these emissions, along with those caused by automobiles, are a likely culprit in global climate change. When you choose a solar system, even if you don't rely on it completely, you are reducing your carbon footprint. This is good for you, your community, and the whole planet.

Solar Panels Have Diverse Uses

A solar system can be used to generate electricity. It can also be used to generate heat and hot water. Solar technology is also used in building materials. For example, if you are building a home or remodeling your existing home, you can have contractors install radiant heating in your floors. Your solar system can heat the water to keep your home comfortable and reduce your reliance on electricity or natural gas.

For more information, reach out to a solar company.