In just over ten years, solar energy in the US has seen an average increase of 50% ANNUALLY and, at the same time, the cost to install solar has decreased more than 70% (https://bit.ly/2qhg5p0 ). So, why is solar becoming more and more popular?
There are several tax credits available to qualified residential solar buyers. These credits offset the initial cost of the system. The federal Solar Investment Tax Credit (ITC) began in 2006, and was set to expire at the end of 2007. It has been extended several times. The current federal credit is 30% through 2019, and will then decrease each year, until it is scheduled to stop in 2021. Of course, it is possible that the credits will again be extended.
In addition to federal credits, New York state has system equipment credits of up to 25% of the system cost (up to $5000) for eligible systems. Believe it or not, currently in New York, the average payback time for a solar system is just three years and five months (https://bit.ly/2Zv7D8t )!
You will start seeing energy savings as soon as your solar panels are up and running. The energy produced will help power your home, significantly reducing your energy bill. And, if you produce more energy than you use, it can go into the grid and offset future energy costs.
The forecasted average utility price over the next 25 years is .72/kWh. For solar users, it’s just .06/kWh (https://bit.ly/2Zv7D8t)!
And if you ever sell your home? An average sized solar panel array can increase your home’s value $15,000 or more, and there is evidence that homes with solar panels sell even faster than those without (https://bit.ly/2PZfzaG).
The average residential solar system offsets about 100,000lbs of carbon dioxide in 20 years—the equivalent of driving a car for 100,000 miles! Additionally, there are zero emissions from energy production, and solar energy allows for energy independence. Solar energy is renewable and sustainable.
It’s true, many solar panels are attached to racks that are screwed on to your roof. That can lead to a high profile, leaks since screws were being inserted directly into shingles, and can also allow for debris (and even animals and their nests!) to collect underneath.
Significant strides have been made in solar panel design, however. GAF Energy offers the DecoTech® system. DecoTech® is installed at the same time as a new roof and directly integrates with your roof. That means no racks, no screws into shingles and a sleek, stream-lined look!
The industry standard for solar panels is 80% performance after 25 years. Panels can have a 30- and even 40-year lifespan. GAF’s DecoTech® system is covered by a 25-year warranty. And the panels in no way void your roof warranty!
The impact of solar energy on your home is immediate. And, it is important to note that solar panels generate energy year-round. Even during New York winters and on cloudy days! In fact, output can even increase in the winter due to snow reflecting the light, and the efficiency of the panels in cold weather.
If you’re thinking about solar panels, now is the perfect time to install. Contact us today to learn more, and for a free residential estimate, 585-400-7663 or firstname.lastname@example.org.