America Could Get 40% of Its Power from Solar Energy Installations
If you’re thinking about having a solar energy installation at home, you’re not alone. A survey released over the weekend found that 68% of global respondents preferred solar energy over other sources. There’s a dramatic shift in opinion and people are likely to be even more supportive of renewables as time goes on. According to one study from the Department of Energy, America could get 40% of its energy needs from solar energy by 2035. Members of Congress are currently negotiating a $3.5 trillion spending bill that would include new tax credits for wind and solar power. Even pending new funding, there are already significant policies in place that are helping to drive the use of renewable energy. Some of these can directly affect your Long Island solar installation.
Some of the Benefits of Solar are Significant
- Corporate tax incentives have led to the creation of new solar panel manufacturing facilities in America. This will help to ensure a robust supply chain for solar energy installation.
- At the state level, there are both tax credits and incentives for Long Island solar installation.
- The federal government offers a 30% tax credit based on the cost of solar installation. This is the most significant credit that offsets the real amount you pay to get solar power on Long Island.
With policies like these, generating 40% of America’s electricity from solar panels could become a reality. On a small scale, it’s already economical for your family to generate electricity from solar panels at home.
The Benefits of a Solar Energy Installation are Significant
When you install solar power on Long Island, you’ll have a more efficient and more affordable home.
During the day when the sun is out, your home will be powered by solar. Any excess electricity will go back out to the grid but you’ll still benefit from this. Exported electricity will spin your meter in reverse. This would then offset some of the electricity that you use in the evenings while solar panels are offline.
Each month you’ll see savings on your utility bill. Over time, these can eventually cover the cost of your installation. Most people will see savings equal to the cost of installation within the first ten years of installing solar. Panels last up to 30 years, so there will be ample time to enjoy savings beyond the initial return on investment.
You could increase efficiency even more by adding a solar battery backup system. This would protect your home from outages and give you stored electricity to use in the evenings when utility rates are higher.
At Long Island Power Solutions, we provide in-depth consultations along with a cost/benefit breakdown evaluation. This will help you to understand the value of solar in terms of the savings that can be generated over time.
Start with a Free Online Estimate for Long Island Solar
You can get an initial online solar estimate based on satellite data. We’ll then schedule a consultation and home inspection for a final quote and cost/benefit analysis.
Our team is one of the most experienced in New York. We’ve connected more than 5,000 people and businesses to solar power. Your solar energy installation will be stress-free and we’ll take care of everything from the engineering to the permits to the final installation and long-term maintenance. Switch to solar power, and become part of America’s conversion to clean and affordable electricity.