Emmet, Arkansas homeowners are increasingly turning to solar energy for a variety of reasons. One of the most significant benefits of solar energy is the potential for significant cost savings on electricity bills. By switching to solar power, homeowners can reduce or even eliminate their dependence on traditional energy sources, which are subject to fluctuating prices. In fact, according to the Solar Energy Industries Association, the average homeowner in Arkansas can save over $17,000 over the course of 20 years by installing a solar panel system. This is because solar energy is a renewable and abundant source of energy, meaning that homeowners can rely on it for years to come without worrying about rising costs. In addition to cost savings, solar energy is also a great choice for Emmet, Arkansas homeowners because it is environmentally friendly. Traditional energy sources, such as coal and natural gas, emit harmful pollutants into the air and contribute to climate change. By using solar energy, homeowners can reduce their carbon footprint and help protect the environment for future generations.
In fact, according to the US Department of Energy, a typical residential solar panel system in Arkansas can offset the carbon emissions equivalent to driving a car 7,400 miles per year. This means that by switching to solar energy, homeowners can contribute to a cleaner and more sustainable environment for their community. Solar energy is also a smart investment for Emmet, Arkansas homeowners. The value of a home with solar panels has been shown to increase by an average of 4.1%, according to a recent study by the National Bureau of Economic Research. This means that homeowners who install solar panels can potentially recoup their investment through the increased value of their home. Overall, solar energy is a smart and responsible choice for Emmet, Arkansas homeowners. It offers both financial benefits and a positive impact on the environment. If you are considering making the switch to solar energy, be sure to contact a qualified solar installer in your area.
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 Emmet is 0.09 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 Emmet.
Solar energy is a renewable, carbon-free resource so it can help Emmet 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 Emmet . 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 Emmet, 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.
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