What Are the Environmental and Financial Benefits of Using Solar Energy?

Financial Benefits of Using Solar Energy

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Most homeowners are aware that they can invest in solar power for their homes. What they often don’t quite grasp, however, is the full extent of both the environmental and financial benefits of using solar energy. There is a relatively long list of reasons that make the move to solar worthwhile, so we’re going to cover the biggest or most financially valuable reasons here.

Environmental Benefits Of Solar Energy

There are some significant environmental benefits to using solar energy, and while you may not see some of these benefits directly, intense research and data analysis show that solar energy has a far smaller impact on the planet when examined over the lifetime of the equipment.

Decreased Reliance On Fossil Fuels

This benefit generally has a two-fold effect. Firstly, moving to a primarily solar energy source means that your home no longer needs to rely on the power produced by larger fossil fuel-burning power plants. Not only do these power plants create immense amounts of pollution that cannot be easily sequestered or controlled, but they also contribute to our country’s dependence on oil. This is a big benefit since the US imports nearly half of its total oil and petroleum products, and more solar installations can push that reliance percentage down.

Smaller Carbon Footprint

Producing solar panels and batteries indeed has an environmental impact, however, when compared to the life of the components that impact becomes quite small. This carbon footprint, while not only smaller than fossil fuel power sources, can also be considered a “one-time investment” by most homeowners since the solar panels will seldom need to be replaced.

Maintain Power Even During Grid Outages

While most solar panels tied to the grid are required to activate a rapid shutdown feature in the event of a grid outage, to prevent potentially deadly current from being sent into power lines being repaired, this can be mitigated with newer panels equipped with the latest microinverters. These can create a microgrid for your home, keeping your power on even when the grid is down.

Financial Benefits Of Using Solar Energy

The financial benefits of using solar power are numerous, and once you make your initial investment, you can begin experiencing these financial benefits for yourself. Many of the financial benefits will apply regardless of if you bought your solar system outright with cash, or are financing it over time.

Owning Your Home’s Power

Owning something is nearly always considered to be an asset, and your investment in solar is no different. Rather than renting power from a utility, you are producing it at home, in your own “green” power plant. This lets you own more of the energy your home needs.

Insulation From Constantly Rising Prices

Anyone connected to municipal power companies knows that you are more or less at their mercy when it comes to pricing. Your price per kilowatt-hour may be relatively steady for one year while jumping 4% to 10% over the next year or two. When you produce your power, you become essentially immune to these financial attacks.

Increased Resale Value

Real estate focal point Zillow performed a study using listing and sale data from 2018 and 2019, which showed that homes with solar power installations tend to fetch about 4% higher sales prices than comparable homes lacking solar power.

Tax Credit & Potential Rebates

This is the incentive that many people focus on right away, it is potentially the most valuable in the short term. Using local, state, and federal incentives, homeowners can recoup more than 26% of their total solar investment cost. That can mean thousands, or even tens of thousands, back in the homeowner’s pocket.

Reap The Environmental & Financial Benefits Of Using Solar Energy

There are many more benefits that can be appreciated when you decide to move to solar power. Reach out today for your free quote on your system, and to begin calculating the financial benefits of using solar energy.

Solar panel systems are made of durable tempered glass and require little to no maintenance for the 25 to 35 years that they will generate power. In most cases, you don’t even need to clean your solar panels. You can let the rain or snow take care of that for you. If something does happen, you will have manufacturer warranties on all equipment installed by Barrett Solar.

Solar rebates and incentives vary depending on where you live. In Kansas the largest incentive available is the 26% federal investment tax credit (ITC) which allows you to deduct 26% of the cost of your solar energy system from your taxes. Certain municipalities and utilities also offer cash rebates and other incentives. If you are a business in a rural area or a farmer, the USDA offers grants as well.

Solar rebates and incentives vary depending on where you live. In Missouri the largest incentive available is the 26% federal investment tax credit (ITC) which allows you to deduct 26% of the cost of your solar energy system from your taxes. Certain municipalities and utilities also offer cash rebates and other incentives. Evergy in Missouri, Columbia power and Ameren have notable rebates available. If you are a business owner in a rural area or a farmer, the USDA offers grants as well.

Barrett Solar offers two options to finance your solar panel system. You can purchase your system in cash or take advantage of our zero down, low APR financing options. We have a lot of different options to choose from. 

Generally it takes very large hail or a major storm to damage your solar panel system. After you go solar you will want to make sure your homeowners insurance policy has enough coverage to replace any of your panels that may be damaged in a heavy storm.

The cost of a solar panel system will depend on many factors, including the size of the system, the equipment, and the financing method. A solar panel system should be viewed as a major home upgrade, and because every home is different it is never good to base an idea of what something should cost off a ballpark figure found on the internet. Barrett Solar offers completely free no obligation solar proposals, and in most cases we can give you an accurate quote with just your historical energy usage data.

Tyler Blanchard

Founder & CEO

Tyler is the CEO of Barrett Solar.

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