Solar energy is a wise investment for homeowners in Briggsville, Arkansas. The sun is a reliable and renewable source of energy, and solar panels can produce electricity even on cloudy days. This makes solar energy a great option for homeowners in Briggsville, where the weather can be unpredictable. Additionally, solar energy is a clean and sustainable choice, as it does not emit any harmful pollutants. In addition to being a reliable and sustainable source of energy, solar energy is also a cost-effective option for homeowners in Briggsville. The initial investment for solar panels may seem expensive, but it pays off in the long run. By utilizing the sun's energy, homeowners can significantly reduce their electricity bills. This is particularly beneficial for residents of Briggsville, as the cost of electricity in Arkansas is higher than the national average. With solar energy, homeowners can also avoid the fluctuation of electricity prices and potential price hikes. Additionally, with net metering, homeowners can even earn credits for excess energy produced by their solar panels, further reducing their electricity costs.
Overall, solar energy is a smart financial choice for homeowners in Briggsville, providing long-term cost savings and stability. Here are some specific examples of how solar energy can benefit homeowners in Briggsville: * A homeowner with a 1,000-square-foot home can save an average of $1,500 per year on their electricity bill by installing solar panels. * The average cost of a solar panel installation in Briggsville is $15,000. However, the federal solar tax credit can reduce the cost of installation by up to 26%, making the total cost of a solar panel installation as low as $11,400. * The average lifespan of a solar panel is 25 years. This means that a homeowner who installs solar panels will save money on their electricity bill for decades to come. * Solar panels can increase the value of a home by an average of $15,000. This means that a homeowner who installs solar panels can potentially recoup the cost of their investment when they sell their home. If you are a homeowner in Briggsville, Arkansas, I encourage you to consider investing in solar energy. Solar energy is a reliable, sustainable, and cost-effective way to power your home.
A peak sun hour is an hour in the day when the intensity of the sunlight reaches an average of 1000 watts/meter².
The average residential electricity rate in Briggsville is 0.10 Cents per Kilowatt Hour.
There are 26 solar policies and incentives in the state of Arkansas. 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 Arkansas on dsireusa.org.
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 Briggsville.
Solar energy is a renewable, carbon-free resource so it can help Briggsville 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.
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.
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 Briggsville . More research shows that solar panels can add an average of $18,324 to the value of a medium-sized home.
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 Briggsville, Arkansas. 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.
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.