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SOLAR PANELS IN SILVERHILL, AL

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solar payback
AVERAGE PAYBACK
PERIOD
8 YEARS
solar money
20 - YEAR
SAVINGS
$20,150
solar casg
SOLAR PANEL COST
PER WATT
$1

THE BENEFITS OF SOLAR IN SILVERHILL

Solar energy is a sound investment for homeowners in Silverhill, Alabama. It is a clean, renewable source of energy that can help homeowners reduce their carbon footprint and save money on their electricity bills. In addition, solar panels have a long lifespan, making them a reliable investment. There are several reasons why solar energy is a good option for homeowners in Silverhill. First, Alabama has some of the highest electricity rates in the country. By switching to solar, homeowners can save money on their monthly electricity bills. Second, the sun shines brightly in Silverhill for most of the year, making it an ideal location for solar panel installation. Third, the federal solar tax credit can help homeowners offset the cost of installing solar panels.

The average monthly electricity bill in Silverhill is around $150. By installing a solar system, homeowners can save an average of $100 per month on their electricity bills. This means that a solar system can pay for itself in just a few years. In addition, solar panels have a lifespan of 25-30 years, so homeowners can enjoy the benefits of solar energy for many years to come. The federal solar tax credit is a 26% tax credit that can be applied to the cost of installing a solar system. This credit can save homeowners thousands of dollars on the cost of their solar system. Overall, solar energy is a great option for homeowners in Silverhill, Alabama. It is a clean, renewable source of energy that can help homeowners reduce their carbon footprint and save money on their electricity bills. In addition, solar panels have a long lifespan and the federal solar tax credit can help homeowners offset the cost of installation.

LITTLE BIT MORE ABOUT SOLAR PANELS IN SILVERHILL

solar panels
3.75 HOURS PEAK SUN

A peak sun hour is an hour in the day when the intensity of the sunlight reaches an average of 1000 watts/meter².

solar panels
0.10 ELECTRICITY RATE

The average residential electricity rate in Silverhill is 0.10 Cents per Kilowatt Hour.

solar panels
20 INCENTIVES AND TAX CREDITS

There are 20 solar policies and incentives in the state of Alabama. These incentives and tax credits help reduce the cost of solar panels in order to promote this source of renewable energy. View all Incentives and Tax Credits in Alabama on dsireusa.org.

WHY SHOULD YOU CONSIDER GOING SOLAR IN SILVERHILL

  • YOU CAN SAVE ON YOUR UTILITIES BILL

At the most basic level, solar panels are devices that take in the sun’s rays and convert them into electricity or heat. Once the sun hits the panels, the energy is made into electricity. A solar inverter helps turn the electricity into power that can be used. The more panels you have on a roof, the more solar electricity you can produce! Solar panels generate their own power and as a result can offset your monthly electricity bill, if not eliminate it in Silverhill.

  • REDUCE YOUR CARBON FOOTPRINT IN Silverhill

Solar energy is a renewable, carbon-free resource so it can help Silverhill to combat greenhouse gas emissions and reduce dependence on fossil fuels. While there are what some call hidden carbon footprints regarding the manufacturing of solar panels, once installed, it is carbon free. In order for the panels to be carbon neutral meaning save more than was used during manufacturing, the solar panels will need to be in operation for 3 years. After these 3 years, the system will remain carbon neutral for the rest of its lifespan. The carbon footprint of solar panel’s is around 20% less than the carbon output of electricity sources powered by coal. Furthermore, for a system size of 6kw, there is a reduction of around 6.3 metric tons of carbon emission per year.

  • TIME SENSITIVE INCENTIVES

The Solar Investment Tax Credit, also known as the Federal Solar Tax Credit, aims to help grow solar energy in the United States. In order to help reduce the initial cost of solar, all U.S. solar customers are eligible for a tax credit for 26% off their solar system if it is installed and turned on, generating power, by the end of 2022. This tax credit can be claimed by any U.S. homeowner as long as the system is on your primary or secondary residential location. This incentive is time sensitive as in 2024 it will not be available to homeowners. Additionally, the percentage decreases in 2023 to 22%. Learn more about the Federal Solar Tax Credit at Energy.gov.

  • IMPROVE THE VALUE OF YOUR HOUSE IN Silverhill

The National Renewable Energy Laboratory says that installing solar panels is viewed as an upgrade and homebuyers across the country are willing to pay a premium for the economic and environmental benefits of a solar home. Additionally, homes with solar panels often sell faster than those without. The National Renewable Energy Laboratory states that every dollar that is saved on energy through solar increases home value by $20 in Silverhill . More research shows that solar panels can add an average of $18,324 to the value of a medium-sized home.

  • FIGHT AGAINST RISING ELECTRICITY COSTS IN Silverhill

It is no surprise that electricity costs have been increasing. The cost of electricity has risen dramatically in the last ten years and that trend is expected to continue in Silverhill, Alabama. Read more about the rising electricity costs on Energy Information Administration page. According to the Energy Information Administration, the average nominal retail electricity price paid by U.S. residential electric customers rose at the fastest rate since 2008, increasing 4.3% from 2020 to 13.72 cents per kilowatthour in 2021. Solar panels are like an insurance policy against increasing electricity rates. With home solar, you get the power to control your energy’s future.

SINCE 2018 PEOPLE IN ALABAMA HAVE SAVED ON AVERAGE $20,150

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Disclaimer

All facts, figures, and information contained on this pages are generalizations for information purposes only. The specific figures for your address may vary. The Solar landscape is constantly evolving but here a few additional resources for you to stay up to date https://www.eia.gov/, https://www.seia.org/resources and https://www.energy.gov/solar.

The Quote Match is part of an integrated solar and home services marketplace and is not a solar installer, contractor, or government agency.© 2022 All Rights Reserved.