Solar power is increasingly becoming a popular alternative source of energy in many homes and businesses. Its popularity stems from the fact that it’s not only environmentally friendly but also cost-effective. One of the most significant benefits of solar power is its potential to lower your monthly expenses significantly.
To begin with, installing solar panels in your home or business premises can drastically reduce your electricity bills. This is because once you have installed the system, you are essentially generating free energy for your use. The amount of savings will depend on several factors including the size of the solar panel system, amount of sunlight available in your area, and electricity rates offered by your utility company.
For instance, if you live in an area with high levels of sunlight throughout the year like Arizona or California, you stand to save more since these areas allow for maximum utilization of solar panels due to abundant sunshine. On average, homeowners who install solar panels can cut their electric bill by 50% or more.
Another way through which solar power companies pleasanton can lower monthly expenses is through net metering programs offered by various utility companies. With net metering, when your solar panels produce more electricity than what you consume at home during daylight hours, this excess energy gets sent back to the grid thereby earning you credits on your electric bill.
In addition to reducing electricity bills and earning credits through net metering programs, there are numerous federal tax incentives available for homeowners who decide to go green by installing solar systems in their homes. For example, under the federal Investment Tax Credit (ITC), homeowners can deduct up to 26% off installation costs from their federal taxes until 2022.
Moreover, there are state-specific incentives such as Solar Renewable Energy Certificates (SRECs) where homeowners earn certificates for every megawatt-hour (MWh) produced by their system which they can sell back into the market thus further lowering their overall costs associated with going green.
Lastly but certainly not least, solar power can help protect you from rising energy costs. With electricity prices on an upward trend in most parts of the world, having a solar system means you are not subject to these fluctuations since your electricity rates are locked in for at least the lifespan of your panels which is usually 25-30 years.
In conclusion, investing in solar power offers numerous benefits that go beyond environmental conservation. It’s an excellent way to lower monthly expenses and achieve financial freedom in the long run. So, whether you’re looking to save money or reduce your carbon footprint, solar power might just be the solution you’ve been searching for.
North Valley Solar Power
4695 Chabot Dr Suite 200-C, Pleasanton, CA 94588
925-966-2688