All About Electricians Daily

Why Should I Go Solar?

Jun 20

Why go solar? The solar energy market continues to grow and costs continue to come down. The cost of solar energy has fallen by more than 30% since 2008, making it an affordable option for homeowners and businesses alike. Adding a solar energy system to the roof of your home or adding other home energy sources like natural gas or electricity will offset the initial set-up costs. There are many reasons to go solar, but these are just a few.

Tax advantages: The federal government offers incentives to businesses and homeowners who install solar energy systems, including a tax credit of up to 26% of the cost of the system. The tax credit is different from a write-off or deduction because it is a dollar-for-dollar reduction of the federal income tax owed. Additionally, the tax credit can be applied retroactively to prior tax years. So, it's a win-win situation for both businesses and homeowners alike.

Energy Costs: Power prices have been steadily increasing over the past decade, meaning that you'll pay more for the same amount of power. And with no guarantees, there's no way to predict when prices will increase again. But one major benefit of solar is that you can lock in your rates and avoid the spikes in the energy market. Solar panels will provide free electricity for 25 to 30 years, making them a good investment for a home.

Energy Savings: Going solar will reduce your energy bills. The amount of money you save will depend on the size of the solar system you install and your electricity usage. Additionally, your energy system will produce excess energy, so you can export that back to the grid. In addition, the money you save on your energy bills is tax-deductible. Aside from the financial benefits of solar, the environment-friendly aspect of going solar is also a great perk.

Reduced Electric Bill: The cost of electricity is rising, and solar energy can help you lower your monthly expenses. Going solar will lower your electricity bill by up to 50%, which will be good news for your wallet. It can even help you cut your electricity bill altogether. The payback period of solar energy systems varies depending on the size of the system and the financing solution you choose. The financial benefits directly contribute to the ROI. There are also many other benefits, so it's worth considering going solar.

Homeowners: Moving to solar will help reduce carbon emissions, reduce your electric bill, and promote local control of energy usage. You'll also save money on electric power distribution, and you'll enjoy the flexibility of controlling your system's size. Additionally, your home will benefit from solar-powered electricity right where you need it. It's an ideal investment and you'll have a peaceful mind, knowing that you're making a good choice for the environment.

Sources

  1. https://www.brownbook.net/business/50712971/bence-electrical-solar
  2. https://za.centralindex.com/company/98e19b685577eb37a1442884ce384a8f/bence-electrical-amp-solar/durban
  3. https://www.cybo.com/ZA-biz/bence-electrical-solar_10