Solar panels are popping up on rooftops from coast to coast, as homeowners look to cut their utility costs, and help the environment. The strong growth in the home solar industry is being driven by the plummeting cost of solar panels, and companies incentivizing homeowners to switch over to solar. Plus, limited time government programs like the Residential Renewable Energy Tax Credit can help you save up to 65% off the cost of a solar power install if you qualify.
Source: Nightly Business Report
For homeowners looking to cut their utility bills, or just help the environment, installations are easy. Solar companies can outfit homes in a single day for no money down. They can also provide and maintain the equipment under long-term leases, so you don’t need to worry about maintenance and upkeep.
It just takes a quick consultation with a solar representative to find out if your home is a good candidate for solar. There are no fees or obligations with these types of consultations, so you have nothing to lose except your energy bill.
Solar customers can generate nearly all of their power needs from their solar panels, but for times when solar isn’t enough you stay connected to the traditional energy grid. In many states, net metering will even allow you to sell excess power back to the grid, giving you more control over your energy needs. Solar’s rise could be the demise of the utility company’s monopoly profits, as state laws mandate that they must go along with these solar projects.
Depending on where you live, energy costs with solar can be cut in half. The average monthly savings for eligible Americans is $93 (that’s $1,116 per year!) and many homeowners can save even more in the future when rates increase, depending on their current utility rate plans.