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The Solar Energy Home: Why It’s a Popular Power Option

Green Bolt

More homeowners are opting to use solar as an energy option for their homes. In fact, the cost of installing solar has dropped by more than 75 percent since 2006, and 41 percent of Americans have solar installations installed within a 20-mile radius. Here are some of the reasons why so many homeowners are choosing to go solar these days.

Reliability and Simplicity

One of the greatest advantages of installing solar is its reliability and simplicity. Maintaining a photovoltaic system is very easy – essentially there is not much you are required to do once it is installed. Although the technology involved is high-tech, the design simplicity offers you reliability and a long lifetime – a solar power system should remain operational for about 25 years and more with the real lifespan been longer (30 to 40 years), according to a National Renewable Energy Laboratory (NREL) report.

Thousands of Dollars in Savings

In addition to the renewable energy aspect of having solar power, lower utility bills is the next most tangible benefit of having a solar power system installed in your home or office. While you might not eliminate your monthly electric bill altogether, you will notice that it reduces drastically, and that is money saved. Solar for New Jersey homes can bring in monthly savings running well above hundreds of dollars. Extend this to two decades, less than the typical solar panel warranty, and you get savings of over tens of thousands.

The Financial Incentives

There are several financial incentives that you can take advantage of, and they will help make solar power an affordable option. For example, a no-deposit solar loan that will help you gain from the benefits of solar without breaking your bank. Some solar suppliers allow you to acquire the installation without coughing a single dollar, and you still retain the Tax Credit and Solar Renewable Energy Credits (SRECs) with flexible repayment plans of 5 to 20 years. The average solar home in New Jersey earns thousands of dollars by selling their SREC credits every year. There are also many other state incentives that will help you reduce the cost of investing in a solar energy system.

Going solar has never before been easier. Installing a solar energy system in your home or business will yield all of the above, and more tangible and intangible benefits over several years. Installing such a system will also add value to your investment including support for the grid, energy security, health benefits and climate/environmental benefits.

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