Are you considering investing in a solar installation? You are probably wondering if it is a viable investment and how long you stand to benefit from it. To put your mind at ease, studies have shown that solar panels installations can last for years- between 20-30 years or more. This does not mean that after this time your panels will stop working. What it means is that the panels will decrease their energy production and will be unable to meet the average energy needs as before.
Solar Renewable Energy Credits (SRECs) are issued to homeowners and organizations to allow them sell certificates to their utility. For every 1000 kWhs produced by a solar panel system, a SCREC is earned. These credits are considered the currency of renewable energy which can be sold and bought in an open market setting. This means that homeowners and organizations getting electricity from commercial solar power systems can track and profit from the amount of clean renewable energy. Most companies using solar systems choose to sell these credits to help offset the cost of installing and maintaining a renewable energy system.
In December 2015, the federal government extended a renewable energy tax credit that allows a taxpayer to claim a 30% credit of qualified expenditures that serves a residence unit used by the taxpayer. The ITC (Investment Tax credit) offers an income 30% credit for systems placed in service by December 31st 2019. Simply put, the federal government rewards individuals with a tax credit for investing in solar energy.
As more homes and businesses turn to solar energy, you might begin to hear terms like Net Aggregate Metering (NAM) being used more often. Such concepts have come up to help solar users integrate their solar systems into the power grid and thus benefit from any excess energy that their solar energy systems produce. In this article, we will explain the term as well as give you practical ideas on how you could benefit from NAM.
If you are a home owner with a solar system installed, you probably understand the benefits that come with using solar energy. From reduced energy costs to government subsidies, there are numerous benefits to solar energy. However, you might be wondering if you can make your solar energy system even better by purchasing and installing a solar battery unit. In this article, we explain to you the pros and cons of having a solar battery and the factors that you should consider when making a decision on whether to buy one or not.
Switching to solar energy represents massive savings for any home or business owner. Not only do energy bills come down but you also help make the earth a better place by using a renewable source of energy. Most people who decide to go solar often have to decide on whether to lease or to outright buy their solar panels. Each option comes with its own unique characteristics, making either option suitable to different people under different circumstances. In this article, we are going to explore the two options so that you can make a more informed choice.
Switching to solar energy comes with a truckload of benefits. No wonder more and more people are taking the solar energy route. If properly sourced and installed, solar panels can give you years of trouble-free service. However solar panel systems are not completely devoid of some problems. Understanding the nature of these problems will arm you with knowledge about what to do if they occur. Solar panel system issues are usually manifested by the system’s inability to generate enough power. Here then are some of the common issues that solar energy users might face.
Americans have seen the need to install solar panels at home and in the workplace. However, most are afraid of the initial cost that comes with putting up one. The good news is that solar is now more affordable in the US. This is all thanks to the federal solar tax credit bill which took effect on December 18, 2015. This bill covers a 5-year extension for solar tax credit. Get to know this better.
Solar panels have changed the way we look at our electric bills. If in the past, you have been bombarded by the cost that comes with your use of electricity, now, you no longer have to worry about that as long as you have your solar panels in place. In order for these systems to remain reliable, you also need to perform solar panel maintenance from time to time. Consider the following tips to help you as well in prolonging the lifespan of such systems.
The idea of installing solar panels on your home is interesting. Come to think of how much money you will be able to save on your electricity bills once it becomes operable, and you will definitely say yes to this project. It even adds value to your home while also reducing greenhouse gas emissions. With all these benefits from installing solar power systems, you will also want to know how it will benefit you if you are already a senior citizen living in America.