Solar energy is a clean, abundant energy source that you can use to power your home. To do so you'd need to install solar panels on the roof of your home; then, energy from the sun will be converted to electricity. Running your home on solar electricity offers a number of benefits; here are just three of them.
Save on Energy Bills
A major benefit of using solar electricity for your home is the energy cost savings. The amount you save depends on several factors, including your roof size, local weather, solar costs and shaded areas of your roof. If you live in a moderately sunny area, you'll most likely be able to use the solar energy generated from your panels to power your home without having to consume any net energy from your local power company. Even if you live in a cloudy area, if you're efficient with your usage, you may be able to rely solely on the energy you generate from your panels. Even if you use some energy from the power company, you'll still save on your monthly bill. During particularly sunny months, it's typical to find that you consume less energy than your panels produce. This means, not only will you save on energy bills, but you can then trade that leftover energy to your power company and receive payment.
Tax Incentives and Rebates
In addition to saving on your energy bill, the government, as well as many states offer tax credits and rebates for using solar energy. For example, you'll get a 30-percent income tax credit on equipment and installation when you file your federal income tax. So if your panels and installation cost you $10,000, you'll get $3,000 back at the end of the year. Your state may offer a solar rebate that puts even more money back in your pocket. Some states offer a 50 percent rebate on solar equipment. Check your state laws to find out if you're eligible for renewable energy rebates, or incentives.
Better For the Environment
Besides saving money, solar energy is environmentally friendly. The production of traditional electricity utilizes fossil fuels, such as coal, which emits greenhouse gas into the environment. Solar power systems help combat greenhouse gases, like carbon dioxide. Greenhouse gases trap heat in the atmosphere and cause the earth's surface stay warmer than it would without them, which can mean trouble for the environment. Aside from its affects on the earth's surface, greenhouse gases are toxic and have diverse affects on human health -- such as increased respiratory issues -- since it pollutes the air.
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