In a study by the Federal Reserve, this graph shows a 69.4% increase in U.S. electricity costs over the last 25 years, without any sign of slowing down. By adding solar to your facility, you can proactively hedge a large portion of your energy needs.
The sun’s energy is absorbed into the solar panels and inverted into power that can be consumed onsite or stored for later use. This energy lowers the amount of power you need to purchase from your utility company to maintain normal operations. As an added bonus, the solar energy you produce won’t have any price increases over time like the utility-provided power.
26% of the solar energy system’s total cost can be applied as a tax credit against your tax liability.
Get a 100% accelerated depreciation schedule on your solar energy system.
Many utilities will allow you to export power you don’t use, and in return, offer you a billing or “net metered” credit. This helps ensure you still receive value from your solar energy system, even if you don’t consume the power.
Depending upon your utility company, you could potentially receive a cash rebate for installing solar energy on your property.
Your system will generate Solar Renewable Energy Certificates (SRECs) for the amount of electricity produced by your system. Utilities will buy your SRECs so they may count your produced solar energy toward meeting their requirements.
Because of the above points, installing solar energy systems can make financial sense in almost any state, often creating ROI’s sooner than 5 years on traditional cash models.
More solar energy means burning less emission-heavy fossil fuels like coal. You can produce your own energy, reduce your carbon footprint and help create a more sustainable world for our future generations.
Improvements in Solar Photovoltaic (PV) technologies, and the declining costs to install them, is helping to reduce our dependency on pollution-emitting generators. In addition to Federal Incentives, many U.S. states and utilities offer similar incentives to help make solar energy more accessible to residents.
The two powerful photos below show the correlation between the incentivization of Solar PV in the mid-2000s and the reduction in C02 emissions from the burning of fossil fuels for energy production.
The Sun shines on our planet with over ten thousand times our energy needs, making it the most abundant energy resource available.
In 1975, fewer than 10,000 solar panels existed in the world. Today, 88.9 Gigawatts of Solar Capacity is installed in the U.S.
American coal capacity fell 25% between 2010 and 2019, with emissions from coal plants declining by 46%.
Assuming 30-year system life, PV systems will provide a net gain of 26 to 29 years of pollution-free and greenhouse-gas-free electrical generation.