Benefits of Solar Electricity, or Solar Photovoltaics(PV)
A solar photovoltaic system can save you anywhere from 50 to 100% on a typical residential home. System sizes vary and depend upon site conditions such as, roof or ground space, location, orientation, etc. With a PV system, you are essentially locking in your utility rate for the next 25 years and shielding yourself from fluctuations in energy prices. Even if you can only offset as little as 5% of your utility bill, you are still making a valuable investment that will result in guaranteed savings for years to come.
Enjoy a 30% Federal tax credit to claim at the end of the tax year. You will also be generating savings with your utility bill offset that are non-taxable. Solar is property tax exempt in Florida. Considering the capital cost of a solar PV system and the added property value, you will be making significant savings in property taxes when the home is reappraised at a higher value.
You will be adding equity into your home by employing the use of renewable energy equipment. For every $1,000 reduction in annual operating expenses a home typically increases $20,000 in equity. For example, a typical 5,000 watt solar pv system can be expected to save over $1,000 per year.
Reduce the pollution that is put into the atmosphere by offsetting the electricity generated for use in heating household potable water. The fossil fuels used to create your solar PV system will be offset within 1-2 years of your installation. This is one of the few things that you can do that will effectively remove the environmental impact that was created by making the product.
Help the Community by helping Yourself
Your reduction of electrical consumption from the grid will help stabilize the electrical grid during peak loading times. This will reduce costs to generate ‘dirty’ electricity and reduce costs for the electricity you must purchase from the utility. Solar PV generated electricity is also “cleaner” electricity, in that it has less spikes in voltage and is safer for electronics. Also, when you are feeding electricity back into the grid, it is going to where it is needed first – most likely a neighbor’s home – who reduces electrical losses through transmission and distribution lines from the power plant.
Help protect the United States vulnerability to foreign energy market trends and fluctuations. Keep more money in the U.S. and help to make us all more energy independent! Support your local solar contractors and bring more jobs to our country.