Why Install Solar Panels
Sunlight grows our crops, trees, and flowers, lets us see, and is one of our sources for vitamin D. It is also a source of energy for homes, businesses, and one airplane. In California, with our 1895 hours of usable sunlight each year, it’s no surprise that people are turning to solar.
An additional push for people in California to turn to solar power is that utility companies charge some of the highest rates in the country. At $0.23 KWH on average, that would be enough for anyone to look for alternative ways of powering their home. Since California is among those with the most solar panels installed, that is exactly what they are doing. Below are eight reasons why you should install solar panels.
Lower Electricity Bills with Solar Panels
Californians are looking to lower their electricity bills. The average electricity bill in the state of California is nearly $200. Once a new solar panel system is installed and activated, homeowners stop paying for fossil fuel pollution. The monthly payments they make on their solar panel financing is lower than what they would be paying each month for electricity in California.
The money that Californians save by not having to pay for electricity can be directed elsewhere, such as more money to pay for going back to school, books, vacations, or even saving for retirement. Once they have fully paid off their investment, they will save even more money than they can use for retirement, travel, or anything they want.
Federal Solar Tax Rebates And Credits
There are tax rebates and credits that come with installing solar panels. Currently, residents in California can take advantage of a 26% tax credit for installing solar panels on their homes. However, homeowners will not see a tax benefit at all by the year 2022. This is part of a process that will be eliminated entirely one day unless Congress renews it.
For those believing that the tax credit percentage is given to them each year, the credit is only for the tax year that the solar panel system was installed. By the year 2022, the Federal Solar Tax Credit will only be for commercial solar panel installations. By that time, the tax credit percentage will be at 10%. There are a few state and local municipal governments that offer rebates and grants for installing solar panels.
Start Your Free
The people of California care about the planet Earth and understand that solar is the key to the future. They also understand that solar is the most abundant source of clean energy available to us. Unlike fossil fuels, sunlight doesn’t pollute. Did you know that a single solar panel system installation is similar to filling up 10 football fields with trees? Do you know how much carbon dioxide that offsets? 178 tons over 30 years. That’s a lot of trees!
Carbon dioxide is a result of continuing to burn too much fossil fuels when we have renewable energy sources literally at our fingertips. Coal and fossil fuel create carbon, air, and water pollution. It contaminates the air we breathe and the water we drink and use in our everyday lives. Once that water evaporates, it comes back down in the form of acid rain.
Solar Panels will Raise your Home Value
A 2014 Department of Energy study had discovered that homes with solar panels, or solar tile roofs, have a much higher value than those who don’t. The findings showed that home buyers were willing to pay more for a home with solar panels. These results were consistent across multiple states. A more recent study by Zillow shows that homes with solar energy systems sold 4.1% more than similar homes that didn’t have solar power systems.
It also depends on where you live as well. The study showed that homes with solar energy systems sold for 2.7% more in Riverside, California, but in the NYC metro area, they sold for 5.4% more. The other major cities they looked at, Orlando was at 4.6%, San Francisco at 4.4%, and Los Angeles was at 3.6%.
The Sun Always Rises
The sun always follows the same pattern. To our perspective, it sets at night and rises during the day, making its way across the sky. The sun is always there, even when it is hidden behind clouds and rain. For wind power, there are days where there is no wind. Hydropower is typically limited to dams. Kinetic energy conversion is limited at the moment, and power production from humidity was only recently discovered.
Solar power is there even when traditional electricity isn’t. Solar power is there when electricity is knocked out due to high winds, storms, or other natural disasters. As for rainy and cloudy days when solar panels can only produce anywhere from 15% to 30% of their normal capacity, there are solar battery storage systems to power the nights and rainy days.
You Can Sell Surplus Energy Back To The Grid
With solar power, any surplus energy you may have, even with a battery storage system, can be sold back to the grid. There are 40 states in the country that allow for net metering. This means that homes that generating electricity by means of solar power systems are eligible to receive money by sending excess energy to power companies.
Of course, there are rules for selling electricity back to power companies, which vary by state and by the utility company. There are also limits to how much each household can sell back to power companies. How this works is that when you are not at home, the power generated by solar power systems is stored as credits. When you turn on the TV, AC, or anything else, you use those credits. If you create more power than you use, the excess can then be sold back to the utility company.
Creates Less Fossil Fuel Demand
When you generate electricity from your own solar panels or solar power system, you create less demand on the traditional electrical grid. When there is less demand on the electrical grid, this helps out others who are dependent upon the grid. When there are fewer people on the grid, those still on the grid don’t have to worry about brownouts or blackouts from too many people using electricity at once.
While those still on the grid have to worry about power getting knocked out for other reasons, less demand creates more supply. In economics, supply and demand figures into setting prices. Where there is high demand, this creates higher costs. With this model, fewer people on the grid creates less demand. Electrical prices should go down, which saves people money. Those people would have more money to switch over to solar power, thereby creating even less demand.
The California solar industry is currently thriving and homeowners can enjoy peace of mind when they purchase their solar panel systems. With 25-year warranties on every part of the system and 40-year workmanship warranties, homeowners can have peace of mind when purchasing their solar power system.
There’s a surplus of installers in California with low-interest rates and zero down financing. This makes now the perfect time to install solar panels on your home. Lower to no electricity bills, tax rebates and tax credits, and higher home value? What are you waiting for?