Each home or business that switches to solar power is making a difference in our pollution levels. According to studies, the average household emits approximately 20 metric tons of carbon pollution each year. That can be reduced to 3 to 4 by installing a solar power system.
Most of the electricity in America comes from electrical generation facilities that burn fossil fuels, such as coal and natural gas which add some amount of pollution into the atmosphere.
The average American uses 12 barrels of oil each year. You can also equate the solar energy your solar power system will save over its lifetime to equivalent barrels of oil as a measure of environmental benefit.
You can compare the amount of pollution generated by driving a car to that prevented by using solar electricity as another measure of the environmental benefits of solar.
Trees remove carbon dioxide from the atmosphere, and are one of two major CO2 ‘sinks’ (the other is oceans) that have helped to maintain the balance of CO2 in the atmosphere throughout the course of time.
Many environmentalists advocate tree planting as a way to offset CO2 emissions into the atmosphere. Using solar electricity can be equated to planting trees in terms of atmospheric CO2 reductions.
Electricity prices have been rising in most areas. Americans could pay less for their energy with a solar power system. The sooner you go solar, the better.
Potentially $0 energy bill
Solar panel systems can permanently eliminate almost all of your electric bill, depending on your solar system size. Adopting solar power is a great way to reduce your carbon footprint as well as save money on your utility bills. Some homeowners have even tried to use solar to take their homes completely off the electric grid and survive entirely on electricity generated from the sun. Unfortunately, trying to eliminate your electric bill can be an expensive process, unless you are willing to take steps to conserve energy.
Recent studies estimates that purchasing solar can increase the resale value of your home by more than $5,000 per kilowatt added. Solar power have increased property values 3-4% above similar properties. The real estate industry recognizes that the same reasons that made solar power an attractive investment for you make it attractive to potential buyers of your home. You can not only recoup the cost of their system when using it but also when you sell your property.
These include the federal residential tax credit of 26% of the cost of the system. State tax credits, local rebates, performance-based incentives are also available depending on your state and utility company. These incentives need to be applied for by you and are subject to change.
Also you can use the 5-year accelerated capital depreciation federal incentive for businesses.
Many people may look at a solar panel system as an expense, but that view does not take into account the tremendous value these systems are capable of producing over their 25-30 year lifespan. A solar system is one of the best ways to invest your money. Your returns from solar are in the form of savings so they are not taxable. Stock and bond returns, on the other hand, are 100% income so they are subject to both federal and state taxes.
Solar power is a pathway to U.S.A energy independence from foreign and domestic oil.
The U.S. produces 3% of the world oil output, yet it consumes 25%. This imbalance makes the U.S. heavily reliant on foreign sources of fossil fuels. In addition to the vulnerability created by this situation, there is a tremendous economic impact as well. The $700 billion the U.S spends annually to purchase foreign oil represents one of the biggest wealth transfers in history. Of equal concern is the fact that $400 billion of that $700 billion is sent to other countries. Individuals concerned about our economic health as well as our national security believe that solar power and other clean energy sources need to be a priority.
Over the past 20 years, electricity prices have risen between 2.5% to 7% every year. Without a doubt, the long-term trend for electricity prices is upwards. Eliminating or significantly reducing these costs will save you a lot of money in the long run. By going solar, you also protect yourself against rising prices and make your monthly bills more predictable. With solar you produce your own energy, so it takes away the anxiety associated with rising and fluctuating energy prices. Be free from price increases, energy crises and outages!
Solar panels and solar technology are nothing new. We have started using solar energy directly to make electricity a while ago when Alexandre Edmond Becquerel discovered that certain materials produced small amounts of electric current when exposed to light. Silicon-based solar modules were first used commercially by Bell Laboratories in the 1950s. Later the United States were also using it to fuel space exploration as entered the space race in the 1960s. In the past 60 years, solar power efficiencies have increased a lot . The efficiency of today silicon solar modules is approaching its theoretical maximum of 25 to 30 percent.
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