According to the U.S. Energy Information Administration (EIA), electricity prices have increased 2.36% per year in the United States for the past 25 years. As we go into the winter season, your home’s electricity costs will only rise given the weather and sunrise/sunset hours.
Solar is an extremely viable alternative to those homeowners who are having trouble keeping electricity costs down. More importantly, solar energy is an eco-friendly way to keep your costs low and help the environment (something everyone can get on board with).
Decreased Electricity Bills
While this is obvious, the impact is often underestimated. With a complete system, you can often enjoy $0/month bills. Solar panels can lead to lower or even zero monthly electricity bills, depending on how much electricity you generate, and the Panda team will advise you on the best area to place your solar panels to receive maximum energy conversion. The savings over 1 year, 5 years, and 10+ years are incomparable.
Initial Costs vs Long-Term Savings
You may be asking yourself, “…But isn’t it expensive to install solar equipment?”
Yes, there are upfront costs for solar panel installation but having an expert company install your panels means you will not need them replaced and only reap the benefits after the initial costs. We have been entrusted to put Tesla solar roofs across homes and businesses in the Mid-Atlantic and have many testimonials on our work and how much we have saved these individuals/companies. So yes, the initial cost to install solar panels can range dependent on the size of your home; however, these costs will all be recuperated over time. Furthermore, we offer all new clients a special deal: Send us your current energy bill and get $1500 off your solar project! Find out the cost to go solar on your house (Click here).
Incentives and Tax Breaks
External of the benefit to your electricity bills, there are federal, state, and local solar incentives. Every state offers different incentives, for instance, in Maryland there is a $1000 one-time rebate available. However, combined with federal solar programs – you could potentially get solar installed on your home at no cost upfront while also reducing your monthly bills (*please note that solar programs are subject to change). The federal solar tax credit offers new solar owners in the United States a tax credit equal to 30% of costs they paid for their solar installation. Our team of experts will provide a free consultation that will guide you through all of the different ways you can utilize your solar panels to receive tax incentives and money back!
Read more about how you can save with solar and the Panda next month!
Subscribe to Panda Exteriors's Blog