5 Ways Going Solar Saves Cash
5 Ways Going Solar Saves Cash
Solar is Affordable - There could be number of reasons to change from typical conventional energy to solar energy, and saving money is at the top of the list. Who wouldn’t have a desire to keep powering their gadgets & machines and saving money at the same time? According to NC Clean Energy Technology Center, utilizing the solar power rightly can help you save nearly $44 to $187 per month from the initial month itself. But why is solar power less expensive than the typical conventional power? Below shared are some of the key benefits one need to know when switching to renewable energy.
Home Solar Panel Cost Is Falling
The total cost of private/residential solar setup has fallen significantly in the past many years. As per the International Renewable Energy Agency the cost of solar photovoltaic (PV) module has fallen by 75% since 2009. With this constantly expanding industry in North America, the price will keep dropping for a while. That’s again a very vital advantage to switch to solar power.
No to the Rising Electricity Costs
By implementing solar power also makes you free from the price volatility of the conventional power. People who switch to solar no longer worry regarding the unpredictable rising rates of electricity grid. Rather shoppers obtain their own cost effective solar panels and generate free power from the sun.
Tax Credits and Government Incentives
In North America most of the shoppers receive tax credits and incentives when they opt for solar panels. Adding to this qualified owner can also benefit themselves by receiving a 30% tax credit through the Residential Energy Tax Credit. Beside that many states have financial incentives which can again benefit the homeowners who switched to renewable energy.
Offering Excess Energy Back to the Grid
For most of the states, owners who have their own panels can offer their surplus energy back to the provider. It is known as net metering. There will be a meter that tracks the amount of power that is sent to the grid over a period of time, and the homeowners receive a credit or pay at a discount rate.
Zero Down Leases
Property holders are often stressed out planning for an investment for solar power but they have the choice of leasing panels from a reasonable provider for zero down. Later they agree to buy the power at a reduced rate. This shows that there has never been a better facilitated situation to invest in solar power. We encourage our readers to invest in renewable energy as we see it as one of the most promising investment during 2017.