One of the many benefits of technology’s rapid increase can be seen in the proliferation of solar energy throughout the U.S. Indeed, many rooftops and backyards are now full of solar panels due to the increased availability of solar systems at lower costs than ever before.
According to the Solar Energy Industries Association, America is moving forward with renewable energy manufacturing for residential installations at a rapid pace. They’re targeting 100 GW of domestic renewable energy manufacturing capacity by 2030, which will account for 20 percent of all electricity generation by that date.
The reasons to add solar energy to your home are many and varied. Some advantages are economical while others are eco-conscious. If you’ve been considering adding solar energy to your home, read on about the many reasons it’s a great time to invest in renewable energy.
One of the main benefits of upgrading to residential solar is energy savings. Installing a solar system on your house or adjacent land can control energy costs. Instead of paying the utility company to provide electricity to your home, solar creates its own electricity to power your house and even send excess power back to the energy company.
The cost to install solar has dropped by more than 70 percent over the last decade has led the industry to expand into new markets and deploy thousands of systems nationwide. An average-sized residential system has dropped from a pre-incentive price of $40,000 in 2010 to roughly $18,000 today.
One of the great benefits of adding solar to your home is the support from the U.S. government in the form of tax breaks and incentives. During the Covis pandemic and the subsequent economic downturn, solar remains an attractive option due to tax credits. Prospective solar homeowners should be aware that the Investment Tax Credit (ITC) will be at 22 percent in 2021 and then disappears at year’s end. This means, according to the IRS, that in order to receive the ITC, your solar energy system must be “placed in service” before the end of the day on Dec. 31, 2021.
So, start planning now for that solar system. US Energy Solutions will work with you to provide clean, renewable energy and smaller electricity bills while creating a tax break for you and your family.
Using renewable energy is a benefit to everyone, from building owners to our communities at large. Using an environmentally friendly source of energy creation like solar is a feel-good win-win for homeowners and society. As more and more homes install their own solar system, you’ll be part of a renewable energy revolution.
Increased Home Value
Homes and commercial buildings that have solar panels can have higher property values and sell faster than those that don’t, per multiple studies. With the solar revolution gaining steam, adding residential solar panels figures to make your home more desirable to potential buyers.
Add Solar to Your Home with US Energy Solutions
Upgrading to solar has never been easier. Companies like US Energy Solutions can conduct a complimentary energy audit of your home and recommend one of the several solar options that’s right for you. You’ll receive energy savings and tax incentives that will significantly reduce your utility costs. Schedule a complimentary in-home energy assessment with US Energy Solutions today!