Solar Energy, one of the hottest topics in 2020, is becoming more common throughout the United States. According to the Solar Energy Industries Association, Solar generated $17 billion for the U.S. economy in 2018. So why are so many people installing solar panels in their homes and businesses? We all know that solar power is a 100% clean, renewable energy source. However, this is not the only reason why individuals are making the large investment. Here are several other benefits of installing solar panels in your home or business:
Tax Breaks & Return on Investment - The federal solar tax credit gives you a dollar-for-dollar reduction against your federal income tax. For 2020, this a 26% tax credit. Some states offer considerable cash savings and rebate programs. For example, Illinois offers a 35-45% rebate on top of the 26% federal tax credit. So not only will your cost upfront lower, but you can expect the system to pay for itself over the course of its life.
May Save Money on Current Utility Bill - With utility bills rising each year, it’s no wonder many people are looking into the affects of solar panels. Even on a cloudy day, solar panels offer efficiency and savings. Some panels generate more energy than your home consumes! This depends on the size, and orientation to the sun.
Low Maintenance Costs - Generally, once you’ve had your solar system installed, minimum maintenance is required. It’s a good idea to keep them relatively clean. As there are no moving parts, the systems sustain little wear and tear. Inverter and cables are the only units that might need some attention every 5-10 years in order to ensure maximum efficiency.
Prevent Health and Environmental Damages - Solar energy produces no pollution, unlike the typical fossil fuels used that produce harmful emissions and negatively affect our air, water and soil. The unlimited energy from the sun does not strip the earth’s landscape or harm the ozone layer.
Central Illinois is the place to be for solar panel installations! If you’re considering going solar, please call Ryan Electrical Solutions at 217.698.4877. Our professionals are not only knowledgeable on the latest rebate programs and tax incentives, but are certified to install. We’ve been servicing Central Illinois for 25 years! We’ve expanded our Full Service Electrical offering with an additional three divisions - Generator, Audio-Visual and now… Solar! Thank you for supporting Ryan Electrical Solutions over the years and we look forward to planning your next big investment… Solar Panels!