For those who’s utility bills are increasing to the point that it’s pushing you to mull Solar Panels over for the first time, here’s a quick run down:
1- REDUCE CONSUMPTION
Generating power from the sun doesn’t use up natural gas that is extracted from beneath the earth’s surface then transported thru pipelines to power plants.
2- UNINTERUPTED POWER SUPPLY
Solar panels constantly generate power and excess can be stored in a battery bank for 1 to 5 days as a source for when the power goes out.
3- REDUCES ELECTRICITY COST
There’s a solar savings estimator you can search engine out that estimates savings per location. The range appears to be $10K – $30K over the lifetime of the solar power system depending on your location. Factors are direct hours of daily sunlight and the size & angle of your roof. Another is local electricity rates.
4- GOVERNMENT REBATES
If you enter your state’s name then the words solar power panels then
A – incentives
B – rebates
C – tax credits
You’ll obtain current information for your area.
5 – MARKET VALUE INCREASE
The National Renewable Energy Laboratory (NREL) conducted a study that proves every dollar saved on energy because of solar power panels increases a home’s value by $20.00. In the case of $150/mo savings take $150 X 12 months X 20 and the market value is $36K higher