Why Should You Install Solar Panels Today?
These days, greener residences are a growing motivator for home upgrades and renovations. Lowering emissions and keeping the planet healthy are major benefits, but saving significant money on your energy bills is an even bigger advantage.
Solar panels are a popular investment because they are easy to install and maintain, and you can enjoy their benefits year-round. Homeowners in the San Francisco Bay Area, greater Los Angeles, New Jersey and New York will find that solar panel installation services can begin paying them back immediately.
Atticare wants to help make going solar possible and affordable for you. If you have access to the electric grid, our energy specialists are ready to install a set of residential solar panels that help you take advantage of this renewable power source.
Solar panels are an excellent investment for homeowners, and here is why:
Going solar saves you money – If you produce your own solar energy, you don’t have to buy it from your utility. This also reduces how much you’re affected by variable electricity costs in your region. You’ll save thousands in electricity costs during the 25 year lifetime of your system. And the sooner you install, the sooner you’ll break even on your investment.
Solar energy is good for the environment – If you install solar panels, you’re producing clean, renewable electricity from the sun. This means zero emissions and less pollution. By taking action today, you’re offsetting the need for new fossil fuel-based power sources.
Going solar means energy independence and taking control of your electricity – With solar panels, you’re producing energy locally. This means you don’t have to rely on power from across town or across the globe.
Solar is a reliable source — Solar outranks wind and hydroelectric (water) power in terms of access and consistency. Wind and hydro turbines are efficient technologies today, but you’ll need either an open space without windbreaks or a waterway traveling through your backyard for the best results. Because you can always depend on the sun to rise over your home, and solar power systems can still draw energy on cloudy days, you’re never without savings.
Solar tax credit – Federal Solar tax credit (ITC) allows you to deduct 26% of the cost of installing a solar energy system from your federal taxes. You can think of this as a 26% discount on the costs of going solar. Unfortunately, the ITC won’t be available forever – it shrank from 30% (2019) to 26% in 2020, and will disappear altogether for homeowners in 2022. It’s important to take advantage of the solar tax credit as long as it lasts.
Solar will increase your property value – Thanks to all these benefits, properties with solar panels are more attractive to potential buyers. Studies have shown that solar-powered homes sell for 3-4% more than others. If you’re thinking about selling your home in the future, now is the time to add solar to it. The longer the panels are installed, the larger the potential return.
How the Solar Federal Tax Credit (ITC) Works?
The investment tax credit, or ITC, will give you 26% percent of your solar costs back as a credit on your federal tax returns. Another way to look at this is a 26% discount on the costs of going solar.
You are eligible for the ITC only if you own your solar panel system, and not if you lease or if you signed a power purchase agreement (PPA).
There’s no cap on how much you can claim with the ITC, but because it’s a credit and not a refund, you can’t get more back in a single year than you owe in federal taxes. Instead, the remainder of your credit will roll over into the next year.
Here’s an example: if your system cost $25,000, then you’re eligible for 26% percent of that as a tax credit, or $6500. But if you only owe $5,000 in federal taxes that year, then you’ll eliminate all of those taxes, and still have $1,500 leftover for the next year.
Homeowners should know that the Federal tax credit won’t be available in 2022 and therefore it’s important to take advantage of it as long as it lasts.
How do solar panels work?
To the casual observer, solar panels appear like a set of sleek, tinted windows on your structure. The real science happens within. Let’s cover how solar panels provide electricity for your home through a continuous cycle.
- Sunlight powers the solar panels: Photons from sunlight hit the surface of the panels. Inside the array of panels are many tiny photovoltaic cells with layers of semiconducting materials and metals. Electrons are knocked free from these materials as they interact, producing direct current (DC) electricity. The larger your array, the more cells and DC.
- Inverter: Your solar system comes installed with a device that converts the energy output into a usable form for your home. The DC flows to the inverter and switches to alternating current (AC).
- Electric box: The AC electricity moves to your breaker box that connects all your lights, appliances and other wired objects throughout every room of your house.
- Unused electricity: Solar panels continue to generate electricity even when you’re not at home, which creates leftover power. If you have net metering, that excess gets sent back to the grid and returned to you as credits to pay portions of your bill. You’ll spend on power only when you actually need it, making solar one of the most economical energy choices.
Our trained consultants will evaluate the available sunlight and space on your rooftop to maximize your potential power and savings. We can then design and configure a solar panel array for your unique energy requirements and lifestyle.
On the scheduled installation day, we mount metal rails, run wire connections and attach panels. Our final inspection and meticulous cleanup ensure your home is in pristine condition when it’s finally time to flip the switch.
The Benefits of Choosing Atticare for Solar Panel Installation
At Atticare, our team consists of certified energy experts committed to improving the efficiency of many features around the home. Solar panel installations are just one of the ways we provide better energy control, including attic and crawl space insulation, HVAC installation and window replacement. Our work has helped thousands of families save money on their monthly bills and reduce their carbon footprint, a reputation that’s earned us a Diamond Certified status.
Our professionals go above and beyond to keep your loved ones safe by wearing complete protective gear and putting up plastic coverings where it’s necessary inside your home. As your neighbors and friends in CA, NJ and NY, we dedicate ourselves to a high service standard for every residence we visit. We aim to beat the estimate you might have received from a different solar panel contractor — use our better quote tool to shop smarter for installation services.
Schedule a Free Consultation and Receive an Estimate on Solar Panel Installation Services
If you own your home and consider going solar, contact us today! Our team would love to set a FREE consultation and see if your home is qualified. The first step is discussing your eligibility and available options based on your location and property layout. You can learn how to finance your solar panel array and keep money in your pocket over time.
To find out more about equipping your home with solar power or to set up your no-cost consultation, contact Atticare online or call 888-743-7243 today.
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