Why Solar?

With energy costs on the rise, many homeowners and business owners are looking for ways to offset or eliminate their electric bills. One popular solution is to switch to or add solar power. Solar power offers a number of benefits, including the potential to reduce or even eliminate energy costs over the long term.

Here are some reasons why switching to or adding solar power can help offset or even eliminate a home or business owner's electric bill:

Lower Energy Bills
One of the main benefits of solar power is that it can significantly lower energy bills. Once a solar power system is installed, it can generate electricity for decades. This means that homeowners and business owners can save money on their energy bills every month, and potentially even eliminate their bills altogether.

Tax Incentives and Rebates
In addition to lower energy bills, switching to or adding solar power can also provide financial incentives. For example, the federal government offers a tax credit for homeowners and business owners who install solar power systems. State and local governments may also offer tax incentives or rebates for solar power installations.

Increased Home and Business Value
Switching to or adding solar power can also increase the value of a home or business. According to a study by the National Renewable Energy Laboratory, homes with solar power systems sell for an average of 4% more than homes without solar power systems. For businesses, a solar power system can increase property value and provide a competitive advantage.

Environmental Benefits
In addition to the financial benefits, solar power also offers environmental benefits. Solar power is a clean and renewable energy source that produces no emissions. By using solar power, homeowners and business owners can reduce their carbon footprint and help protect the environment.

Projections for Energy Costs 20 Years Out

Energy costs are projected to continue to rise over the next 20 years. According to the U.S. Energy Information Administration, residential electricity prices are expected to increase by an average of 1.9% per year between 2020 and 2050. In addition, the cost of electricity generation from traditional sources such as coal and natural gas is expected to continue to rise.

Switching to or adding solar power can help homeowners and business owners avoid these rising costs. Solar power offers a fixed cost of electricity generation that is not subject to the fluctuations of the energy market. By investing in a solar power system now, homeowners and business owners can lock in their energy costs for decades to come.

Switching to or adding solar power is an effective way for homeowners and business owners to offset or even eliminate their electric bills. Solar power offers a range of benefits, including lower energy bills, tax incentives and rebates, increased property value, and environmental benefits. With energy costs projected to continue to rise over the next 20 years, investing in solar power now can provide long-term financial and environmental benefits.