Solar energy is a sustainable and environmentally friendly alternative to traditional sources of electricity for homeowners in McRae, Arkansas. One of the main benefits of solar energy is that it is a renewable resource, meaning it will never run out. Unlike fossil fuels, which are being depleted at an alarming rate, the sun is a constant source of energy that will continue to shine for billions of years. This makes solar energy a long-term solution for homeowners in McRae, as they can rely on it to power their homes for years to come. In addition to being a renewable resource, solar energy is also a clean energy source. Solar panels do not produce any harmful emissions or pollutants, making them a good choice for homeowners who are concerned about the environment. By using solar energy, homeowners can help to reduce their carbon footprint and contribute to a healthier planet. Another advantage of solar energy for homeowners in McRae is the potential for cost savings. While the initial cost of installing a solar panel system may seem expensive, it is a long-term investment that can lead to significant savings in the future. With the abundance of sunshine in McRae, solar panels can generate a substantial amount of electricity for homeowners, reducing their reliance on the grid and lowering their monthly energy bills. In fact, according to recent data from the U.S. Energy Information Administration, Arkansas homeowners who switch to solar energy can save an average of $10,000 over 20 years. Additionally, with the option to sell excess energy back to the grid through net metering programs, homeowners can potentially earn money from their solar panels.
Overall, solar energy is not only a sustainable and environmentally friendly choice for homeowners in McRae, but it can also lead to long-term cost savings. Here are some specific examples of how solar energy can benefit homeowners in McRae: * A homeowner who installs a 5kW solar panel system can generate an average of 6,000 kilowatt-hours (kWh) of electricity per year. This amount of electricity can power the average American home for more than half of the year. * The same homeowner can save an average of $1,000 per year on their electric bill by switching to solar energy. * The homeowner can also earn an average of $100 per year by selling excess energy back to the grid through net metering programs. Over the course of 20 years, the homeowner who installs a 5kW solar panel system can save an average of $20,000 on their electric bill and earn an average of $2,000 by selling excess energy back to the grid. This means that the homeowner can recoup the initial cost of their solar panel system in just over 10 years. In addition to the financial benefits, solar energy can also provide homeowners with a number of other benefits, including: * Increased property value: Studies have shown that homes with solar panels sell for an average of $15,000 more than similar homes without solar panels. * Reduced carbon footprint: Solar energy is a clean energy source that does not produce any harmful emissions or pollutants. By using solar energy, homeowners can help to reduce their carbon footprint and contribute to a healthier planet. * Peace of mind: Solar panels provide homeowners with a reliable source of renewable energy that can help them to reduce their reliance on the grid. This can give homeowners peace of mind knowing that they are not at the mercy of rising energy costs. Overall, solar energy is a sustainable, environmentally friendly, and cost-effective option for homeowners in McRae, Arkansas. Solar panels can provide homeowners with a number of benefits, including increased property value, reduced carbon footprint, and peace of mind.
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 Mc Rae 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 Mc Rae.
Solar energy is a renewable, carbon-free resource so it can help Mc Rae 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 Mc Rae . 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 Mc Rae, 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.