In the last couple of years, the price for solar panels has fallen, making it an affordable option for both
In the age of global warming, energy conservation is one of the most pressing concerns of the modern world. With the future of fuel conservation bleak at best, more and more people are opting for energy saving methods to meet their everyday needs.
The solar energy industry has grown exponentially in the past decade and is now hailed as the fastest growing source of new energy, giving people reason to believe we are now entering a “new era” of sustainable and affordable energy.
Thinking of joining in on the trend and making your home and business more energy-efficient? Here are all the reasons why you should get in on the solar energy boom, pronto.
Save Up on Some Big Bucks
While the initial installation of the solar panels can at times be costly, it pays for itself in less than 5 to 7 years.
After this initial period, you’ll be enjoying close to free energy for the entire 20 to 25 years a typical solar panel warranties. You’ll be cutting back on electricity costs by the hundreds per month.
Multiply this by the two decades of life a typical solar panel promises, and you’d be saving tens of thousands of dollars in the long run. Imagine all you could do with that extra money! If your business is running low on money, cutting back on electricity bills by installing solar panels could be a great way to save some money and use it for future investment.
Improve Building Value
With recent interest in energy conservation increasing, many have found that installing solar paneling systems not only save you big bucks, but also are the best source of increasing property value. So if you’re worried about investing in a solar panel system and then having to move, let your mind be at rest. You are sure to recover nearly all the investment costs on top of your annual savings.
Cut Back on Maintenance Costs
Solar panels usually require little to no maintenance for upwards of twenty years. They do need to be kept relatively clean so that they can absorb as much sunlight as possible, but paying your local window cleaners a couple tens of dollars every few months usually does the trick for you.
You may need to change the converter every five to ten years, but the cost of that will hardly put a dent in your annual savings.
Generate Good Publicity
Most people believe that corporate businesses and major companies need to lead the way towards sustainability so that other, smaller businesses can follow their lead. With the interest in saving the environment, going solar can help set you apart from competitors who have not yet done so and earn you some good publicity as an Eco-friendly business.
Save the Planet
Perhaps the most important and pressing issue facing the world today is loss of resources, global warming and harmful emissions from the burning of fuels to create energy.
By going solar, not only are you making an economical investment into your future, but are also helping decrease your carbon footprint on the planet. The U.S places second on the list of most carbon emitting countries in the world, just behind China—maybe it is time for us to start being more economically active.
Receive Tax Benefits
If you’re planning on going solar, the best time to do it would be now.
In order to encourage home-owners and businesses to go solar, in 2005, the Energy Policy Act introduced a 30% tax benefit of the installation of a solar panel system to your building, which was set to expire in 2007. But due to the immense popularity of the investment tax credit (ITC), it has been extended several times and the 30% tax benefit is now set to expire in 2019, after which it will fall to 26% in 2020, 22% in 2021, and finally to 10% in 2022 for commercial projects and 0% for residential.
Go the Easy Way
A decade ago, installing solar panels was a long, complicated and highly costly process. Times have now changed; going solar has never been easier!
Costs have been decreasing over the years, and with technology always moving forward, they are sure to decrease additionally in the coming years.
With hundreds of solar panel installation companies in the U.S., it can be exhausting looking for the best that fits your needs.
We, at Y and C Construction one of the best residential and commercial solar services in Los Angeles—give you a detailed analysis of your system layout, cost and savings benefit, financing options, energy offset, even before you sign the contract. So make the decision, and leave the rest to us!