We always think of reason before starting some work. World is now turning to alternate sources of energy. Here are some reasons for going to solar energy.
1. Start Saving Money and Keep Saving Money!
As you’re all aware, electricity rates are on the rise and are set to stay that way during this time of economic controversy. Those who paid fixed prices locked in lower rates to last them 5 years and probably now give themselves a well deserved pat on the back! This is pretty much what you get when you switch to solar systems. This will give you the ability to lock in your electricity costs.
2. Boost Your Home Value
Did you know that a solar electricity system can increase the value of your home by thousands of dollars? A study conducted by ICF Consulting in 1998 revealed that a saving on just $1 on energy costs per year, adds $20 to the value of a home. Therefore in saving approx $1,000 per year will increase the homes value by $20,000!
3. Out-Smart other Investments
As local residents of Massachusetts soon realized, the return you can get on a solar investment could be higher than various other investments. LuAnn Kuder & Maureen O’Brian came across how they could beat Wall Street with solar system investment. Your solar ROI is likely to beat the current <10% per year rate the market has now returned to, particularly in areas of higher electricity rates.
4. Environmentally Friendly
Other than the greenhouse gas, radioactive material, sulphur dioxide and nitrogen oxide emissions, natural gas and coal fired power plans quickly eat through our natural resources. They are a huge contributor to acid rain and global warming which are major environmental and public health concerns. Switching to solar power reduces brown paper production by utility companies, reducing emissions, reducing pollution resulting in a cleaner environment. Simple!
5. A Matter of National Security..
Ever thought about how much energy is imported from foreign sources? Probably not, and you’d be forgiven for it too! The fact that you’re in constant supply will impart ignorance to the fact that as a country, the U.S has imported approx 166,270million cubic feet MORE natural gas every single year since 1985. Installation of a solar electricity system will help reduce such heavy reliance on foreign energy sources and furthermore the number of lives and money which go to protect those sources.
6. Where Have all the Good Men Gone?
Renewable energy use in the U.S would help support the economy by creating more jobs nationally and generate more sustained national capital. By switching to a solar electricity system, you help initiate that cycle with the creation of those jobs. It was recently shown that approx half a million permanent jobs with $232 billion of investment alone would be supported by the solar energy industry should Congress extend the federal tax rebates for solar energy for approx 8 years.
7. Reap the Whole Benefit!
A massive 67% of fossil fuel energy is lost during its conversion to electricity. If that’s not enough, another 9-10% is lost as heat as it is then transported through hundreds of miles before reaching your home. The solar electricity system is practically a power plant in itself on your roof! It will produce the energy right there and then as needed without the pitiful waste or losses. How smart is that?!
8. Taxes to Make You Smile?
Take in to account the combination of state and federal rebates and you could find yourself $2,000 better off. The cost of your solar electricity system would be significantly reduced and as a homeowner you would be eligible for a $2,000 federal income tax credit! Numerous states even offer solar rebates with some of the most generous coming from California, Colorado, Connecticut, Maryland, Massachusetts, Minnesota, New Jersey, New Mexico, Oregon and Pennsylvania.
9. Cost-Cutting Solar Options
Thanks to innovative government and company initiatives, investing in a solar electricity system may not have you as high and dry and you may think. Many states have seen companies and government bodies offer schemes such as home solar services (PPA), city-sponsored solar loans or a solar lease, all of which will dramatically reduce initial upfront payments.
10. Spread the Joy!
Not to sound too Uncle Sam, but you will be helping America out of a serious problem! It is a known fact that where you will find one solar electricity system being used, chances are it is part of a residential cluster of users. Why not be the first on your block or street or estate to go solar? Not only will you inspire others with the many benefits of the switch, but you will have initiated further reduction in the whole counties foot print.
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