The investment in Solar energy – is it worth the outlay?

Gearing up your home with solar energy equipment is an excellent way to save money on electricity bills, but the initial expenditure might deter some people’s willingness to go green. You may be asking yourself: are solar panels worth the investment?

Solar panels are becoming less expensive. Thanks to higher demand over the past few years, coupled with improvements in the technology, the cost keeps dropping. However, you will still end up shelling out a considerable sum. That’s why prospective owners are interested in learning the financial benefits of the investment. You need to assess how the cost savings of switching will impact your home or business. Once you realize the investment benefits of moving to solar, you will be ready to seal the deal!

How solar energy makes the investment worthwhile

You have likely heard about how going solar saves you money in the long run. It’s a little bit more complicated than that, but ultimately, cost savings is the main point of installing solar panels. Utility costs when you are on the grid keep going up each year. It’s nice to have an electrical power source that won’t cost you much after the initial setup. That’s because solar panel systems have fairly low maintenance costs.

The additional advantage of tax rebates

A big plus is the available tax rebates depending on where you’re located. Worldwide, governments are making it a point to incentivize green initiatives.  So, they help spur homeowners and companies to install solar-powered systems by offering these rebates.

In the US it is officially known as the Solar Investment Tax Credit (ITC). It is a huge federal tax bonus available to anyone who installs a solar energy system. The solar tax credit was initiated in 2006 and is available for both residential and commercial systems. Rebates are still available in Maryland, however, they may not last, so the time to grab them is now!

solar in maryland

Solar Capacity in Maryland

The benefits of being independent of the grid

Other benefits of solar panels include the following:

  • access to a flexible power setup in your home or building
  • access to electricity in locations that may be hard to reach by regular electrical energy infrastructure
  • elimination of harmful greenhouse gases or carbon emissions produced through the use of fossil fuels

You don’t just get some sweet savings on your next electricity bill. You also get to help out the environment in the process!

What you need to get solar power

Your solar energy system will come with more than just the PV solar panels. Another main component is the Inverter, which will convert the sun’s energy to electricity that your home can use.

A solar panel battery backup is another option you may want to consider. In the event of a power outage, you will still have the current to run all your essential services.  While your neighbors are in pitch darkness, your home will still be lit and functioning as normal!

The importance of designing a cost-efficient system

A good, experienced solar installation company will be able to design the most cost-effective system for your needs. Remember that you can always add optional extras to your system at a later stage.

How to pay for the investment in solar energy

Your installation company will give you a free quote, detailing the options available. They will check out your house or building and advise you of the ideal solar setups for your requirements.

Don’t hesitate to inquire about the financing options available to you as well. Systems can be purchased in a variety of ways, and your company will guide you to finding the most cost-effective option. Whichever you choose, the investment will be well worthwhile.

Everyone benefits when you install solar

Solar energy systems are an investment that will help you achieve a more economical power setup whether in your home or for your business. They will also allow you to satisfy your goals of going green and doing something to benefit the planet. Everyone benefits when you go solar!

What is Net Metering?

A solar powered home is a home that it largely independent of the commercial utility suppliers. A good system will generate more current than your daily needs. The excess can then be banked for later use.

Read our article on how this works.

You owe it to yourself to investigate the benefits of solar power. Renewable Energy Corporation is dedicated to providing you with the highest quality solar products. Your home will be powered by cutting edge, reliable, state-of-the-art energy products. Once installed, you have direct access to the best customer service in the industry today.

Use our quick online form or contact us today for a free estimate. Let us show you the amazing savings and benefits solar will provide for your home or business.