The benefits of going solar are undisputable. However, it is always possible to maximize the advantages and still make the most of them.
The primary way to profit from a home solar system is through net metering. Net metering allows you to sell the excess energy generated by your solar system back to the utility company. Depending on your utility rates, you can save money on your energy bills and even make money by selling the excess energy you generate. Additionally, you may be able to take advantage of government incentives such as tax credits and rebates. These incentives can help offset the cost of installing and maintaining a solar system, making it more affordable and profitable in the long run.
how does net metering work?
Net metering is the practice of selling excess electricity generated by renewable energy systems, such as solar panels, back to the grid. When the system generates more electricity than the home or business needs, the excess is fed back into the grid and credited to the customer's utility bill. When the system does not generate enough electricity, customers can draw from the grid as needed.
- With a grid solar power system, any extra power produced is fed back into the grid. If your utility company allows for net metering, they owe you for excess power that you do not use.
- Aside from occasional cleaning, solar panels are virtually maintenance-free and will last for years. Many panels have guarantees in excess of 20 years. Once solar panels are installed, there are no recurring costs.
- Solar panels are the only home improvement that pays for itself.
- Solar panels actually increase the value of your home by up to $25,000! This is like having extra money in the bank.
- There are federal and state tax incentives for those who qualify for the installation of a residential or business solar system. These incentives often combine with other rebates to allow for $0 out-of-pocket installation.
- The Solar Foundation reports that the solar industry is creating jobs six times faster than the overall job market.
Harness the power of the sun!
Plants are one of the ways in which we use solar energy without even knowing it. The sun is also the main source of non-renewable fossil fuels (coal, gas, and petroleum), which began life as plants and animals millions of years ago. Plants use solar energy to power a chemical reaction called photosynthesis. Whether you are a vegetarian or a carnivore, the food that you eat daily starts out as solar energy. People are solar-powered too, our bodies also need solar energy to perform certain important chemical reactions like creating vitamin D.