Five Unexpected Motivators to Switch to Solar Right Away
- Using solar energy can make your house worth more money
Solar energy can raise the value of your home, just like many other home improvements. The National Renewable Energy Laboratory found that homes with solar panels typically sell for between 17 and 20 percent more than homes without. The biggest distinction between installing solar and other home improvement projects is that solar pays for itself almost instantly through the energy savings you experience on your utility bills. - Prevent power outages
Solar photovoltaic (PV) systems that are installed with a backup solar battery system can prevent rolling blackouts due to high demand or grid instability as well as power outages brought on by inclement weather. - Rising energy costs
As stated by the U. S. According to the Energy Information Administration (EIA), electricity prices have risen by an average of 1.4 percent per year over the past 20 years, with a yearly increase of 8 percent between 2021 and 2022. Future price increases may be comparable or worse, proving that making an investment in solar energy now is a wise financial decision that will pay off in the long run. - New tax incentives
The solar Income Tax Credit (ITC) was increased and recently extended by the Inflation Reduction Act. The ITC is set to be 30% for private residential installations under the new bill from 2022 to 2032, with the first step-down starting in 2033 when it drops to 26%. Anyone considering installing solar panels can save a ton of money thanks to the newly renewed tax incentive. - There is a lack of connectivity
There is a sneaky little secret that few people are aware of—limited connectivity—as solar energy has gained popularity and more property owners install solar. Private solar photovoltaic (PV) owners typically install systems that need to be connected to the power grid through their local utility company. Private solar photovoltaic installations are, regrettably, a threat to the financial stability of utility companies, despite the fact that they are supposed to serve the public. As a result, some utility companies, though not all, have restricted the number of privately owned solar PV systems they permit to be connected or materially delayed those connections in an effort to discourage new installations and reserve capacity on the grid for themselves. As a result, it’s imperative for those who are sincere about going solar to take action right away and get their system set up and running as soon as possible.
Conclusion:
Get started right now with a FREE SOLAR QUOTE and personal savings estimate from BlockShark Solar! Find out more about how the federal tax credit for solar energy can help you pay less out of pocket. Solar panels are an excellent method to balance your energy expenditures and to lessen your home’s environmental effect. GOING SOLAR provides you energy independence and control over the future of your family!
Let’s GO SOLAR with BlockShark Solar!
