With the recent economic crisis and the need to save our Earth, people are finding ways to reduce their home expenditures while creating cleaner air for the environment. The carbon released from a home is similar to that of a vehicle while the cost of electric continues to rise. Solar panels have become increasingly popular as a solution to this problem. The benefits prevail over other residential systems and add to the assessment of your home.
The expenditure of solar power systems quickly turns positive as electricity savings increase. A homeowner can expect to spend $20,000 to $40,000 depending on the size of the residence. Within 5 years, large homes with high-output electric usage will break even. Your home may convert to traditional power on cloudy days to reduce any interruptions. On cloudy days, your home will convert to traditional electricity. Excess energy will default to the power grid and actually spin your meter backwards during the day, generating a credit on your utility bill.
Some individuals opt to supplement their electricity with the guarantee there are no breaks in service, while others exclusively power their homes with solar energy. While some people choose to completely power their homes with these panels, others choose to supplement their electricity with the guarantee of no interruptions. There have been mixed feelings about the looks of solar panels on a roof. Manufactures now construct rectangular and triangular models that blend with any shape or design. The creations now fit flush without extending outwards. Another benefit for installing a solar power system besides reducing your electric bill is the 30% energy tax credit.
Installing a solar power system not only reduces your electric bill, but also earns you a 30% energy tax credit, and the US House of Representatives passed legislation that extends this credit until 2016. There is no cap on the 30% and a large home system will give you back several thousands of dollars. There is no longer a $2000 cap on the 30% deduction, so large home systems will reimburse you several thousands of dollars. There are also property relief and production incentives.
In the near future, 80 % of homes will utilize the residential solar systems as their primary electricity source. The cost of a residential system is an affordable investment bringing great value to any home. You will profit economically and environmentally, making you proud to own a solar residence. These systems demonstrate a movement towards cleaner air and natural energy.
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