What is “renewable energy?” Currently the largest part of the world’s electricity supply is produced from fossil fuels such as coal, oil, and natural gas. These traditional energy sources hold various challenges including but not limited to rising prices, growing environmental concerns over the climate change risks and a limited supply of fossil fuels.
Current Renewable Energy Landscape
Governments, businesses, and consumers are increasingly supporting the development of alternative energy sources and new technologies for electricity generation. Renewable energy sources such as solar, biomass, geothermal, hydroelectric and wind power generation have all emerged as potential alternatives which address some of these concerns. As opposed to fossil fuels, renewable energy sources are generally unlimited in availability.
One of the most rapidly growing renewable sources of electricity is solar power. Solar power generation has several advantages over other forms of electricity generation: Solar energy does not require any form of fuel to work. Although there is variability in the amount and timing of sunlight over the day, season and year, a properly sized and configured system can be designed to be highly reliable while providing long-term, fixed price electricity supply.
Potential Benefits of Renewable Energy
Solar power production generates electricity with a limited impact on the environment as compared to other forms of electricity production. Solar panels can be added as the need arises. With more and more technological advances in solar power, it is fast becoming a viable alternative is conventional electricity supply.
The harsh reality of constantly rising energy prices and constant blackouts for the rest of our lives is staring us all in the face. So there has never been a better time to invest in solar energy for your home. With the increasing costs of regular electricity, finding an alternative energy solution is becoming more and more crucial. With the supply of fossil fuels soon not being able to meet the demand it is now time to find a better alternative. With the advances that have been made in renewable energy the cost is no longer prohibitive. And the next time electricity prices increase, you’ll be laughing all the way to the bank.
Financial savings aren’t the only reason why homeowners go solar. There are many benefits of going solar, including saving huge amounts of money on electricity bills, you can add tens of thousands of dollars in tax free equity to your property, cleaning up the environment and supporting U.S. energy independence.
The Federal Tax Credit, which is available in all states, also offers an incredible 30% reduction in solar installation cost. But it shrinks to 22% in 2023. Two years may seem far away, but it’ll be here before you know it. So, the time to invest in solar energy is now.
Solar power is one of the most environmentally friendly energy solutions. With little to no impact on the environment it is the ideal choice for supplying power to homes and businesses. With global warming becoming more apparent every year it’s time now to start making a difference by switching to a cleaner source of power.
With energy costs on the rise, rooftop solar can save you money every month. It puts you in control since the rates for solar don’t fluctuate like they do with utility companies. Instead of making the electricity company richer every month, you can rather invest in your own home.
In a large study, the U.S. Department of Energy’s Lawrence Berkeley Laboratory (https://www.lbl.gov/) looked at the value of homes with rooftop solar. They quantified it based on homes sold across eight states, and over a fifteen-year period.
One of the findings was that home buyers consistently pay more for homes with solar installed. In fact, the homeowners who invested in solar made back at least as much they spent buying the system. Plus, homes with solar installed spent less time on the market.
The bottom line is that in terms of renewable energy, Solar energy is:
- No money up front
- 100% Financing
- 30% Tax Credit
- Quick ROI
- Clean, renewable, good for your wallet and good for the planet.
Note: This article was written for SUNTEX by Energy Consultant, Verna Badenhorst. Please reach out directly to SUNTEX if you have any questions regarding this article, or the blog post content. If you would like to learn more about the work Verna is doing, feel free to check out her Facebook page, here: https://www.facebook.com/profile.php?id=100087851139652