While great strides have been made to further geothermal, wind, and other forms of clean energy, these methods lack the ease and simplicity of harnessing solar energy. This is clearly demonstrated by the growing popularity of solar panel roofing with homeowners.
Tax Credits and Assistance
Federal and state authorities offer a tax incentives to homeowners who adopt solar panels. The federal government offers an investment tax credit of up to 30 percent, which helps defer the cost of having panels installed. Some states offer additional credits and incentives. For example, in 2016, Washington D.C. established new laws which not only reward early adopters, but also set aside funds to assist lower income families with the cost of installation.
Quick Return on Investment
Solar panels have never been cheaper to install, and you can begin earning back the cost of installation almost immediately thanks to net metering and solar renewable energy credits (SRECs). You can sell your earned SRECs right to the utility provider, as they pay homeowners who produce clean energy. This essentially translates into extra income, which is further supported by net metering, a separate system of credits that subtract cost directly from your power bill.
Increased Property Value
Studies have firmly established that owning solar panel roofing is a net gain for homeowners. The Federal Housing Administration has established new guidelines which require solar energy systems to be included when appraising the value of a property, so having solar panel system can significantly raise your home's appraisal value. Solar paneling is a sound property investment that can dramatically raise the resale value of your home. While not all properties are suitable candidates for installation, a roofing company like Acoma Roofing, Inc. can quickly determine if your home has the necessary structural design to support paneling.
Reduced Energy Bills
Homes with solar panel roofing have shown energy bill reductions as much as 30 percent, and even higher for homes that integrate larger systems. The average lifespan of a solar energy system is 25 to 30 years, so when factored over that period of time, this amounts to massive savings on electricity. The last decade saw a 5 percent increase in electricity costs, while solar systems went down about 70 percent over the same ten year period. The upward trend in electricity cost will continue, but investing in a solar system now will insulate you from the inflating prices.
Clean and Renewable
All financial considerations aside, solar paneling is a simple and accessible way to lower your carbon footprint and improve the environment. Furthermore, since the panels can be installed on your roof, no clearing land for installation is necessary, further supporting their value to the environment. Unlike traditional fuels, solar panels release zero harmful emissions. Beyond basic maintenance, solar panels are long lasting, making them a long-term, renewable energy solution.
Between rebates, credit programs, and other financial incentives, solar panel roofing is a safe and affordable way to both add value to your home and lower your energy costs. More importantly, they are a simple way to invest in the health of the environment, thereby making our collective future a little brighter.