Solar Energy for Homes

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homecrux.com


Have you recently invested in new home construction or are planning to do so? In areas with high temperatures during the summertime, the electricity bills can go up really high. To avoid spending a lot of money on electricity, we suggest that you go for solar energy as the primary energy source in your new home. Solar panels are also beneficial for the environment as they use a renewable source of energy. In this blog, we will look at the benefits of using solar energy in your home.

Benefits of Using Solar Energy for Homes

  1. Solar Panels Reduce Electricity Bills

If you have your own source of energy, say goodbye to those hectic electricity bills. On warm spring days, you'll produce more electricity than you will consume. You can easily sell the excess amount to the national grid and earn some money instead. The more electricity you produce at home, the more self-reliant you'll become in terms of energy.

  1. Efficient Energy Production

The price of electricity is the highest during the daytime and in the early evening. This is because there is more demand during these hours. The good news is that the electricity from solar panels will be at the maximum production level at the same time. So, at the time when the rest of the town is paying higher prices, you're actually producing at your maximum capacity.

  1. You can Earn Tax Credits and Rebates

If you install solar panels in your new home, you will receive around 30% of the total cost of the system and installation in the form of a federal income tax credit when you file your taxes. Your total cost can be further slashed with state and local rebates and with Solar Renewable Energy Credits. The purpose of all these tax credits and rebates is actually to encourage the growth of the solar energy industry. 

  1. Increase Your Savings

Although the initial installation cost of solar panels is high, but you’ll eventually start saving money as you won’t need electricity from the grid. It is also true that having solar panels installed in your home will increase its resale value. In fact, you can increase your home’s value by around $6,000 per installed kilowatt. 

  1. Use Solar Energy to Help the Environment 

Till now, everything we talked about benefited you as an individual. However, the benefits of using solar panels cannot be complete without mentioning the positive impact on the environment. Solar energy is clean energy that does not release any Green House Gases. Using this form of renewable energy will lead to sustainable homes and eventually a green community.


Final Words

If you’ve decided to install solar panels in your new home, contact us now. Evo Opportunity Fund is committed to developing energy-efficient real estate in Qualified Opportunity Zones by creating sustainable housing for all. Evo promises to utilize the radical tax breaks provided by Opportunity Zones. The timing for this opportunity is now. 

Learn more: www.evoopportunityfund.com


Sources:

https://www.seia.org/initiatives/solar-investment-tax-credit-itc

https://www.epa.gov/greenpower/renewable-energy-certificates-recs

http://ww1.solarresourceguide.org/

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