Why Solar?
Solar energy is one of the fastest growing industries in the United States. There are many reasons why we should invest in solar energy today: savings on our electricity bill, tax benefits and incentives offered by local and federal governments; and the most important reason is to protect our environment and planet.
For these reasons, at Kay Solar Energy we want to share with you why solar is a good investment for your home or business.
Eliminate Your Electricity Bill
If you are a homeowner, business, or an investor, electricity costs can represent a large part of your monthly expenses, and they can be a real headache for many. With a solar panel system, you will generate free energy for the complete life cycle of more than 25 years of your system. Even if you don’t produce 100 percent of the energy you consume, solar energy will reduce your utility bills and continue to save you a lot of money through net metering.
Return on Investment
The most common methods for obtaining your solar panels is through financing or by paying cash, whichever makes sense for your return on investment, solar energy is an attractive product for many banks and financiers because of its profitability. A solar installation is capable of generating annual yields that range between 10% and more than 30%. The average buyer payoff his purchase of solar energy in just three to seven years and obtains a strong solar ROI, receiving free electricity for the rest of the 25 years of life of his solar panel system.
Increase Your Property Value
A recent study by the U.S. Department of Energy He showed that potential homebuyers are willing to pay a $15,000 premium for a house equipped with a medium-sized solar energy system. The average solar energy system uses 3,600 watts, which means a homeowner anticipate an additional value of $4 per watt in the sale value of the home . Given that the cost per watt today is around $3 and is expected to fall further in the future, solar energy will remain a profitable investment for a home.
Independency & Stability
Most of the nation’s electricity is generated by natural gas, coal, and nuclear energy, which means that the cost of energy is dependent on geopolitical risks. Installing solar panels in a home makes a homeowner independent of the electric company and more stable.
Tax Credit And State Incentives
Owners of new residential and commercial solar can deduct 26 percent of the cost of the system from their taxes.
Solar Renewable Energy Certificates (SRECs) are a solar incentive that allows homeowners to sell certificates for energy to their utility. A homeowner earns one SREC for every 1000 kilowatt hours (kWhs) produced by their solar panel system. An SREC can be worth over $300 in certain states.
Environment Protection & Sustainability
Solar is a great way to reduce your carbon footprint. Buildings are responsible for 38 percent of all carbon emissions in the U.S., and going solar can significantly decrease that number. A typical residential solar panel system will eliminate three to four tons of carbon emissions each year—the equivalent of planting over 100 trees annually