Building in a solar panel system is an alternative to the traditional electricity system that may reduce your spending in the long run and help the ecosystem. Certainly, it will be untruthful to say that the solar panel system is a perfect decision for everyone. Still, it is definitely worth installing it if the following statements are about you.
You are Interested in Getting Tax Incentives
The Solar Investment Tax Credit (ITC) from the American government was set in 2006. However, back in 2006, this incentive was 30%, and in 2020 the percentage was reduced to 26%. Sadly, in 2022, the ITC will be available only for commercial organizations, but this year you still can still take advantage of it, even if you install a solar panel system for your home. The tax code changes frequently, so there is a very real possibility that the ITC will remain available for residential homeowners but as of right now, 2022 is when it will be phased out for individual homeowners. The best thing you can do is file personal taxes with an expert just to be sure that you are getting accurate, up-to-date information.
You Wish to Help Ecology
Solar panels are a progressive “green” technology and have a better environmental influence than traditional electricity supply. Although nothing is perfect and the development of panels harms the atmosphere and nature, technology for the creation and building of solar panels is constantly improving. So, there is an optimistic prediction that solar panel recycling options will improve over time. As a result, the ecological benefits of switching to solar power now outweigh the dedication to outdated utilities. Besides, innovations in quantum physics and nanotechnology could expand solar panels’ performance and, soon, double the electrical capacity of solar energy systems.
You Care about Your Finance
You don’t pay to get power while using solar panels; you only pay to build in the equipment. We will not claim in the abstract that it is always cheaper than traditional electricity, but we advise you to determine how much you spend and compare it with the expenditure of installing the panels. Typically, the financing of installation pays for itself within a few years, so unless you’re going to move soon, it’s worth it. By the way, if you do decide to move later, the value of your real estate will also increase because of the roof panels.
You Appreciate Autonomy
For buildings away from civilization, solar panels are a real godsend. Unlike generators, which can run out of fuel, the sun will always shine. At least for the next five billion years. Therefore, based on solar panels, you can build a truly autonomous power supply at home.
You Live in an Area with Lots of Sunshine
The productivity of the solar panel for home is directly related to how much sun they receive. And if there is not enough sun, such a solution can only be a supplement to a traditional system. But in sunny areas, the panels can power your entire home.
You Want to Protect Yourself from a Power Outage
For security and fire alarms, a heating boiler and even a refrigerator, a long power outage causes problems. Solar panels provide uninterrupted power to critical consumers in all conditions, even at low power.
Thus, the setting up of solar panels in many cases is a good solution. Especially for those who have real estate in climates with a lot of sun. We recommend researching the issue and calculating your electricity bill: maybe it’s time for you to switch to an alternative now?