INCREASE IN SOLAR GENERATION
Solar generation was 3% of U.S. electricity in 2020, but the U.S. Energy Information Administration projects it will be 20% by 2050.
MORE SOLAR INCENTIVES
Homeowners can continue to take advantage of solar incentives such as The Solar Investment Tax Credit, also known as the Federal Solar Tax Credit. This tax credit provides a 26% tax credit for systems installed between 2020 and 2022, and 22% for systems installed in 2023.
According to the United States National Renewable Energy Laboratory (NREL), since 2010, there has been a 64% reduction in the cost of residential PV systems in the United States.
Save on Utilites Bill
Solar panels generate their own power and as a result can offset your monthly electricity bill, if not eliminate it.
Improve Value of your Home
The National Renewable Energy Laboratory states that every dollar that is saved on energy through solar increases home value by $20.
Reduce carbon footprint
Solar energy is a renewable, carbon-free resource. Solar helps to combat greenhouse gas emissions and reduces dependence on fossil fuels.
FIGHT AGAINST RISING ELECTRITIY bILLS
The cost of electricity has risen by around 5% and that trend is expected to continue. Solar panels act as an insurance policy against increasing electricity rates.