Now is a great time to go solar and take advantage of solar rebates and incentives. Your investment in solar can lower or eliminate your home’s electric bill and increase your home’s value, all while reducing your carbon footprint. With the current incentives and rebates, there has been no better time to go solar.
Residential Solar Benefits:
Feel good about helping to protect the environment by producing your own clean energy – The fossil fuels that are most commonly used to generate electricity produce toxic emissions that pollute our environment and contribute to climate change. These sources, primarily coal and natural gas, are rapidly being depleted and will become increasingly expensive. Solar power is a truly clean and renewable energy source. The average solar powered home will reduce almost five metric tons of carbon pollution a year, which is equivalent to the savings from not driving your car for an entire year, or planting 122 trees!
Feel good about contributing to your own and our national energy independence – Producing and owning your own power empowers you personally, and reduces our country’s dependence on foreign fuel sources.
Reduce your electric bills – By going solar you can greatly reduce or completely eliminate your electric bills. You own your home; with solar power you can also own your power.
Protect against future utility rate increases – In La Plata Electric Association’s service area, energy rates have increased an average of 5% annually for the last twenty years. Tri-State Energy, LPEA’s power supplier, has projected that rates could increase as much as 8-9% per year in the future. Install a system now and never worry about rate hikes again.
Increase the value of your home by purchasing a solar system – When it comes to home value, a solar power system may be your best “remodel” option. A recent study found that homebuyers are willing to pay more for homes with solar PV systems, averaging about $4 more per watt of PV installed (So an average home would increase in resale value by $20,000). Several other studies have shown that homes with solar panels sell twice as fast over similar homes in the same neighborhood. That makes an already bright idea really shine.
Watch your meter spin backwards – Any excess power that your solar system generates can be sold back to the utility company via net metering.
Take advantage of financial incentives – LPEA offers a Renewable Energy Credit payment of $100 per installed kilowatt and the federal government offers a 30% tax credit, which greatly reduces the cost of your solar system. In addition, you won’t have to pay state sales tax on your solar system.