July 29, 2019
Solar panel installation is a big investment and the initial outlay can seem costly. Here are several reasons why people might be against the idea of going solar — and why they should reconsider.
Solar is too expensive
The initial cost of solar panel installation can seem daunting, especially with prices upwards of $10,000. People tend to shy away from projects that are costly and will put a big dent in their bank account. Solar is a huge investment for your home, that’s why you want to pay for quality, premium equipment to place on your roof indefinitely. The price tag of solar panel installation is not cheap but the cost can be massively reduced in a number of ways.
Tax Credits
Currently, the federal solar tax credit allows customers to deduct 30% of the cost of installing solar panels on their homes from their federal taxes. This credit has been extended several times starting from 2005 until 2021.
Here is some important information you will need to know about the tax credits in the coming years:
Until the end of 2019: The tax credit remains at 30% of the cost of the system.
By 2020: Customers can only deduct 26% of the cost of the system.
By 2021: Customers can only deduct 22% of the cost of the system.
2022 and onwards: Customers of commercial solar can only deduct 10% of the cost of the system from their taxes. There will no longer be a federal tax credit for residential solar energy systems.
Take advantage of the tax credit before it's too late and go solar today!
Electricity Bills
If you live in a home, unless nothing is ever used, there will always be unavoidable utility bills. Electricity bills are not cheap, especially if you live in an area like New York City where the summers are humid and the winters are brutal. You can pay a fraction of the price of your current electricity bill simply by switching to solar. Because solar is a renewable resource that can be powered by the sun your energy usage is greatly reduced. In twenty years, you are averaged to save around $26,000 on your electricity bill if you live in New York City.
I have too much going on
Life is busy and everyone has their own issues going on in their life. You have kids, a job, extra curriculars, cooking, cleaning, and so many more things to do every day that you don’t even notice the time going by. That may be one of the main reasons you are not even considering a switch to solar energy just yet.
It seems like there are so many things to do before even deciding whether you should switch to solar as a source of energy. Everything from looking into companies, solar panels, inverters, batteries, and contractors, to dealing with different government agencies.
Well, if you're looking for a one stop shop, YSG Solar will help with everything from the the miscellaneous paperwork to the actual installation of the solar panels. Our company helps to make the process smooth and easy for you, as a home or commercial property owner, to switch to solar energy. Once you are ready to invest, we are ready to help you and answer any questions or concerns you may have in order to turn your solar energy dream into a reality. You'll find our contact information at the end of this article.
Not mentally ready yet, I’ll think about it next year
Being in the right headspace to even consider your home for solar can be a lot. There’s so much to think about before purchasing solar panels and thinking about installation. It can be very stressful and overwhelming looking into several different solar companies, with reviews on many different websites. Mentality is everything when you are making a large investment. Think about what you want out of solar and why switching to solar energy is important to you. Below, you'll find some of the main reasons why solar is a wise investment.
You Save Green (YSG) — Literally!
Solar energy is not only good for your wallet, it's also great for the environment and reducing your carbon footprint. The average household in America is producing 14,920 pounds of Carbon Dioxide per year. If you switch to solar energy, there will be a reduction of more than 15,000 pounds per year. You would not completely eliminate all carbon emissions waste, but these numbers show a significant change, helping earth become a more livable place for many more generations. Burning fossil fuels by using natural gas and coal creates lots of damage and is nonrenewable — not a viable source of energy. Solar energy is readily available and is a source that will not run out any time soon.
Using solar power instead of fossil fuels can greatly reduce greenhouse gas emissions. As more coal and natural gas are being burned, our planet is threatened by the rising temperature of the earth. Damage has already been done to parts of the world with sea levels rising and the homes of animals melting. Climate change is a real threat that is constantly haunting the earth. By switching to renewable resources, you are helping not only yourself but all the animals losing their homes as well.
You Save Green doesn’t just mean the environmental aspect of solar energy, saving green is also saving your cash. Going green will save you more money in the long run. The initial outlay on solar energy appears costly, but when you look at the bigger picture, your electricity bills will be next to nothing compared to fossil fuel energy. The return on your investment in solar panels may arrive sooner than you think!
So what are you waiting for? Contact YSG Solar today at 212.389.9215 for more information about solar energy installation and start saving.
By Kasey Liu
Sources:
https://news.energysage.com/health-environmental-benefits-of-solar-energy/
https://news.energysage.com/much-solar-panels-save/
https://news.energysage.com/congress-extends-the-solar-tax-credit/
https://www.aresolar.com/the-benefits-of-going-solar-helping-the-environment-while-saving-you-money/
https://www.sunrun.com/solar-by-state/ny/new-york-solar-tax-incentives