Many people today don’t realize that solar energy does more than help the planet—it helps your pocketbook. Exceptionally cost-effective over the long haul, solar energy draws on the natural power of the sun to generate energy for a home or building, typically through the addition of roof panels that can harness the power.
Consider these facts:
Solar panels lower energy costs.
Solar panels require an upfront investment that electricity does not; however, over time, those panels pay for themselves through significant energy savings. Not only does solar energy cost less than electricity, but it provides stability in a world where energy and gas rates are continually rising.
It was financial savings that recently prompted an Oregon church, St. Vincent de Paul Parish, to install solar roof panels, donated by two parishioners.
“At a minimum, [because of these panels,] the church’s annual PGE energy bill will be reduced by approximately 25 percent, or $2,500 per year,” Sue Minten, the church’s business manager, said.
Likewise, as a response to high energy costs, a school board in California is planning to invest $6.2 million in solar panels, a decision expected to save the district close to half a million dollars in the first year alone. According to the district’s superintendent Rami Muth, this solar project will mean future stability in the midst of changing budgets.
Solar panels last for decades.
Solar panels can last for as long as thirty years, throughout harsh weather conditions and amidst various changes in environment. Over that amount of time, the generated energy they create more than makes up for the initial investment. For that reason, more and more corporations are adding solar energy panels to buildings.
Take IKEA, for example, which recently announced plans to install new panels on five of its US locations, extending its solar presence to nearly 85% in America. According to Solar Novus Today, “This investment by IKEA reinforces the company’s long-term commitment to sustainability and confidence in photovoltaic (PV) technology.”
Solar panels may qualify you for various incentives.
Various tax credits, electricity buy-back programs and other incentives are available to reward solar energy use. Within each state, particular programs exist, whether sponsored by the government or private organizations—simply research your location’s credits and see if you can qualify.
What’s more, in some of the sunniest areas of the country, solar panels may actually yield so much energy that you’re able to sell the excess to an electric company for a profit. In Georgia, for example, there’s a buyback program available with the state’s largest utility company, Georgia Power, which allows eligible individuals to sell excess electricity to that company.
With solar panels, individuals and businesses have an opportunity to benefit both the planet and their own bottom line. To learn more about how solar energy can give you financial benefits, contact us at Soluxe Solar!