BENEFITS OF SOLAR POWER
Solar energy will reduce or eliminate your utility bills
By becoming your own energy provider, you decrease your energy consumption costs, and turn your variable costs into fixed costs. Installing a Solar PV system is an investment in your future. The more energy rates increase, the greater your savings will be!
Solar energy will protect you from the future increases and instability of energy costs
The price of sunlight cannot be raised, unlike the price of oil and gas - which continue to rise. By providing your own electricity, you will protect yourself from being gouged by your utility company.
Solar energy adds value to your home or business
According to a new study by the U.S. Department of Energy's Lawrence Berkeley National Laboratory, homes with a Solar PV installation can demand a higher re-sale value than those without. The increased value is expressed in terms of dollar per watt installed, ranging on average from $3.90 - $6.40 per watt. Example: an average size, a 3.1 kW, solar array on a home could call for a $17,000 increase in re-sale price!
Solar energy is one of the best investments available today
Making an investment in a solar energy system is a secure investment for your future. A solar system will lower (or eliminate) your monthly utility bill. It will allow you to be your own energy provider, so you can stop buying energy from the utility company.
Along with the savings, solar energy produces income! Every time your system generates 1,000 kWh (that you've used, and have not been charged for), you earn 1 SREC. SREC values vary from state to state, but are a great bonus income - on top of not having an electric bill! To learn more about SRECs, click here.
As an investment, the dollars you save are AFTER TAX dollars. After tax dollars saved are worth 25-45% more than your typical financial investment - where you have to pay taxes on your ROI.
Solar energy prevents pollution
A study by Abt Associates found that the fine particle emissions from fossil fuels (which are used to generate 71% of the United States electricity) kill around 30,000 Americans a year. The average Delaware Valley household produces 14.5 tons of carbon dioxide per year! Solar energy systems produce zero emissions. An 8 kW PV system offsets the use of over 10,000 pounds of coal per year!
Solar energy helps the world’s fight against global warming
The emissions stemming from fossil fuel electricity generation are responsible for 36% of America’s emissions of carbon dioxide; this is the single largest contributor to global warming.
Solar energy systems are reliable
Solar panels last over 25 years, and require little to no maintenance.
Solar energy will increase American economic competitiveness
With double-digit annual growth in the United States, solar energy is a rapidly expanding industry that will continue to provide jobs and clean energy for our country. As president Obama stated, after announcing over $467 million in Recovery Act funding for geothermal and solar energy projects: “We have a choice. We can remain the world’s leading importer of oil, or we can become the world’s leading exporter of clean energy. We can hand over the jobs of the future to our competitors, or we can confront what they have already recognized as the opportunity of our time: the nation that leads the world in creating new sources of clean energy will be the nation that leads the 21st century global economy. That’s the nation I want America to be.” In the 2011 State of the Union Obama stated, "By 2035, 80% of America's electricity will come from clean energy sources."