1) Be part of the Revolution towards Renewable Energy
Most fossil fuels pollute the earth through the stages of processing to residues left behind as a result of eventual consumption, in addition such sources of fuels are depleting and cannot be renewed. Consequently, energy derived from the sun, water or wind is in a way infinite, as these resources can never be depleted. To adopt renewable forms of energy is to remove core sources of pollution and it also saves a lot of money on the long run.
2) Avail Large Tax Breaks from the Federal Government
The federal government gives solar tax credits to homeowners by cutting off nearly 30 % on the cost of a solar installation. These investment tax credits will be accessible until 2021 and can be claimed by homeowners and business properties. Solar tax credits can be claimed only when a homeowner owns the solar installation, such exemptions are not applicable for homeowners under power purchase agreements or solar leases. If you own a solar installation, remember to claim tax credits of upto 30% (on the overall cost of the installation), when you file taxes at the end of the year.
3) Rebates and Incentives from State Governments
Investment tax credits are offered by the federal government, but there are also state tax credits that are offered by individual states, these can be bundled with the investment tax credits to give substantial savings on a solar energy installation. The amount of the state tax credits differs from state to state but it should help bring down the overall amount on a solar energy installation. To find out tax credit plans and other governmental plans that support energy efficiency through renewable energy sources, to promote energy conservation through solar energy, visit https://energy.gov/savings to find out rebates and savings available to homeowners.
4) No Electricity Bills for 40 Years
Since solar energy is a form of renewable energy, it is essentially free if it can be harnessed. This would mean that a homeowner would only have to put down a base amount to purchase the solar energy installation which should last for a minimum of 40 years. During this period, homeowners will not incur electricity bills since the solar energy installation is producing enough electricity to sustain the entire consumption capacity of the household.
5) Minimal Costs on Maintenance
Most solar energy installers will offer free maintenance or maintenance at reduced costs. Solar panels do not require much maintenance to keep them functional, you can wash the panels with warm water a few times a year and check for debris and dirt periodically.
6) Maintaining home temperature does not cost a penny
Solar energy systems can cost a homeowner from $10,000 to $32,000 without the addition of tax credits, rebates and incentives from the government. A solar energy system should be efficient enough to generate an entire months quota of power. When homeowners buy inefficient solar systems, they are burdened towards paying additional energy consumption rates for a month and also pay off solar loans on the system, which triples expenses incurred in a month. Instead of buying heat, you can always wire room heaters to your solar installation, since one of the biggest expenses in a month comes from the erratic usage of heating and cooling systems. The efficiency of the solar energy system can be further improved with a programmable thermostat.
7) Optimum use of Energy
When an adequate number of solar panels are installed to manage the entire output of a household’s consumption, the energy that is used is essentially clean. When the use of solar energy is compounded with investment into energy star appliances, this ensures energy efficiency and contributes towards zero waste living.
8) Reduced Rates of Interest on Solar Loans
To finance your solar energy installation, homeowners can avail subsidized loans from your bank, solar company and other organizations for low rates of interest. Banks offer solar loans for the sole purpose of helping homeowners purchase solar energy installations, such loans allow for monthly repayment plans, these rates differ from state to state.
9) An End to Environmental Pollution
Solar energy does not leave behind green house gases like fossil fuels does, thus if large sections of the population opt for renewable sources of energy, it would cut down emissions and increase air quality. The decision to opt for solar energy, can offset the creation of a significant amount of CO2. Since solar installations last for a lifetime, a single decision to invest in solar for electricity could cover almost 100 percent of a homes energy requirements. Emissions are a leading contributor to climate change and is one of the highest pollutants, that has accelerated global warming. Homeowners can take steps towards opting for solar energy and other renewable forms of energy, thus leaving a better planet for future generations.
10) Home taxes do not Increase
There are many states that have tax exemption policies towards homes with solar installations, where the value of the installation is not calculated with the overall valuation of the house. This thwarts property tax from raising in a homes with solar installations. The Database of State Incentives for Renewables & Efficiency (DSIRE) at http://www.dsireusa.org tabulates comprehensive information on rebates, incentives and tax credits recommended by the federal government and different states.