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SOLAR PANELS IN ELFIN COVE, AK

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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 ELFIN COVE

Solar energy is a clean, renewable source of energy that has many benefits for homeowners in Elfin Cove, Alaska. Solar panels use the sun's energy to generate electricity, which means that they produce zero emissions and do not contribute to air or water pollution. This is especially important in a city like Elfin Cove, where the natural beauty and wildlife are a major part of the community's identity. In addition to being environmentally friendly, solar energy can also save homeowners in Elfin Cove a significant amount of money. Alaska has some of the highest electricity rates in the country, and the cost of living in Elfin Cove is even higher due to its remote location. By generating their own electricity with solar panels, homeowners can reduce their reliance on the expensive grid and potentially save thousands of dollars on their energy bills over the lifetime of their solar system.

Furthermore, the state of Alaska offers various incentives and programs to promote the use of solar energy, making it even more affordable for homeowners in Elfin Cove to make the switch. With the high cost of living in Elfin Cove, investing in solar energy can provide long-term financial stability for homeowners and their families. In addition to the financial and environmental benefits, solar energy can also provide a sense of security for homeowners in Elfin Cove. During power outages, solar panels can continue to generate electricity, providing homeowners with a backup power source. This is especially important in a city like Elfin Cove, which is prone to severe weather events. By investing in solar energy, homeowners in Elfin Cove can protect themselves from the financial and environmental impacts of power outages, while also contributing to the sustainability of their community.

LITTLE BIT MORE ABOUT SOLAR PANELS IN ELFIN COVE

solar panels
2.5 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 Elfin Cove 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 Alaska. 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 Alaska on dsireusa.org.

WHY SHOULD YOU CONSIDER GOING SOLAR IN ELFIN COVE

  • 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 Elfin Cove.

  • REDUCE YOUR CARBON FOOTPRINT IN Elfin Cove

Solar energy is a renewable, carbon-free resource so it can help Elfin Cove 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 Elfin Cove

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 Elfin Cove . 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 Elfin Cove

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 Elfin Cove, Alaska. 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 ALASKA HAVE SAVED ON AVERAGE $20,150

You can also join them, all you have to do is leave an application

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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.