Categories: Uncategorized

Is Solar Panel Installation Worth It?

<p style&equals;"text-align&colon; justify&semi;">The US is now home to more than <a href&equals;"https&colon;&sol;&sol;www&period;spglobal&period;com&sol;platts&sol;en&sol;market-insights&sol;latest-news&sol;metals&sol;061521-us-solar-surpasses-100-gw-capacity-with-5-gw-installed-in-q1-2021" target&equals;"&lowbar;blank" rel&equals;"noopener">100 gigawatts<&sol;a> &lpar;GW&rpar; of solar capacity&period; That&&num;8217&semi;s enough to supply free power to a whopping 18&period;6 million US homes&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">The nation&comma; with all its eco-conscious consumers&comma; won&&num;8217&semi;t stop there&comma; though&period; Experts say solar panel installation projects will <a href&equals;"https&colon;&sol;&sol;www&period;eia&period;gov&sol;todayinenergy&sol;detail&period;php&quest;id&equals;46416" target&equals;"&lowbar;blank" rel&equals;"noopener">add 15&period;4 GW more<&sol;a> of solar capacity this 2021&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">All that should prompt you to switch to solar&comma; too&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">If you&&num;8217&semi;re still on the fence about going <a href&equals;"https&colon;&sol;&sol;newsforpublic&period;com&sol;benefits-of-using-solar-energy&sol;">green with sun-derived energy<&sol;a>&comma; though&comma; then this guide is for you&period; We listed some of the questions to ask that can help you determine if going solar is worth it&period;<&sol;p>&NewLine;<h2>Do You Pay Federal Income Taxes&quest;<&sol;h2>&NewLine;<hr &sol;>&NewLine;<p style&equals;"text-align&colon; justify&semi;">The 2021 US federal income tax data summary reports that <a href&equals;"https&colon;&sol;&sol;taxfoundation&period;org&sol;federal-income-tax-data-2021&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener">144&period;3 million<&sol;a> folks paid taxes in 2018&period; They made a total payment of &dollar;1&period;5 trillion for their individual income taxes&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">If you pay federal income taxes yourself and you want to go green and save energy&comma; solar panels may be right for you&period; That&&num;8217&semi;s because you can take advantage of the federal solar investment tax credit &lpar;ITC&rpar;&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">With the ITC&comma; you can get a dollar-for-dollar credit in the total taxes you need to pay the federal government&period; If you&&num;8217&semi;re eligible and begin your solar panel installation anytime from 2021 to 2022&comma; you can get a 26&percnt; credit&period; This drops to 22&percnt; for home solar panels installed by 2023&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Let&&num;8217&semi;s say you qualify for the 26&percnt; ITC and your qualified solar panel installation costs amount to &dollar;10&comma;000&period; In this case&comma; you can claim a &dollar;2&comma;600 credit &lpar;26&percnt; multiplied by &dollar;10&comma;000&rpar;&period; You can then deduct that &dollar;2&comma;600 from the federal income taxes you initially had to pay&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">As you can see&comma; the ITC can definitely make going solar a worthy investment&period;<&sol;p>&NewLine;<h2>Do You Live In a State That Gets a Lot of Peak Sun Hours&quest;<&sol;h2>&NewLine;<hr &sol;>&NewLine;<p style&equals;"text-align&colon; justify&semi;">A peak sun hour equates to one hour of the day in which sunlight intensity averages 1&comma;000 watts &lpar;W&rpar; per square meter&period; As such&comma; the more peak sun hours you get&comma; the greater the output of your solar panels&period; So&comma; the higher the output&comma; the greater your odds of eliminating electricity bills&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">However&comma; the number of peak sun hours depends on geographical factors&period; For example&comma; the State of Arizona has approximately 7 to 8 peak sun hours a day&period; By contrast&comma; Nevada gets 6 to 7&period;5 peak sun hours a day&comma; while it&&num;8217&semi;s 5 to 7&period;5 in California&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">That huge supply of intense sunlight is a top reason going green with solar in those states is a smart idea&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">However&comma; even if you live somewhere with only 3 to 4 peak sun hours&comma; you can still save energy&period; After all&comma; every watt of solar energy you use is a watt of electricity you no longer have to pay for&period;<&sol;p>&NewLine;<h2>Do You Want to Trim Your Carbon Footprint&quest;<&sol;h2>&NewLine;<hr &sol;>&NewLine;<p style&equals;"text-align&colon; justify&semi;">In the US&comma; the average person has a carbon footprint amounting to <a href&equals;"https&colon;&sol;&sol;www&period;nature&period;org&sol;en-us&sol;get-involved&sol;how-to-help&sol;carbon-footprint-calculator&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener">16 tons<&sol;a>&period; Gases like carbon dioxide&comma; nitrous oxide&comma; and methane make up that footprint&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">That 16-ton average is four times higher than the global average of 4 tons&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Unfortunately&comma; a high carbon footprint equates to massive greenhouse gas &lpar;GHG&rpar; emissions&period; GHG emissions&comma; in turn&comma; are top contributors to global warming and pollution&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">That&&num;8217&semi;s why you&&num;8217&semi;d want a lower carbon footprint&comma; as this means emitting fewer GHGs&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">The good news is that solar&comma; being a sustainable energy source&comma; can help you do just that&period; In fact&comma; the folks at <a href&equals;"https&colon;&sol;&sol;blueravensolar&period;com&sol;blog&sol;why-go-solar-advantages-and-disadvantages-of-solar&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener">Blue Raven Solar<&sol;a> say that the average home solar system offsets 175 tons of carbon dioxide&period;<&sol;p>&NewLine;<h2>Schedule Your Solar Panel Installation ASAP<&sol;h2>&NewLine;<hr &sol;>&NewLine;<p style&equals;"text-align&colon; justify&semi;">The fact alone that you can be free of electricity bills is enough reason to go solar&period; Add to that the ITC and the potential to reduce your carbon footprint&period; All that shows just how solar panel installation is no doubt a worthy investment&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">So&comma; as early as now&comma; consider scheduling your solar panel system construction&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Looking for more innovative ways to improve your home&comma; life&comma; or even business&quest; Browse our other blog categories for more useful insights then&excl;<&sol;p>&NewLine;

Hardik Patel

Hardik Patel is a Digital Marketing Consultant and professional Blogger. He has 16+ years experience in SEO, SMO, SEM, Online reputation management, Affiliated Marketing and Content Marketing.

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