Introduction to Solar Energy
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The Benefits of Switching to Solar Energy
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Solar energy is a clean, renewable, and sustainable form of energy that has the potential to power homes, businesses, and communities. It not only protects the environment, but it also helps you save a great deal of money in the long run. But before you switch to solar energy, there are a few things you should consider.
Is Your Roof Right for Solar Power?
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One of the first things to consider is whether your roof is suitable for solar power. Most solar power systems can be installed on flat roofs made of materials such as bitumen, composite shingle, cement tile, metal, or tar and gravel. If your roof meets these requirements, then you should have no problem installing a solar system.
The solar panels will be installed parallel to the roof surface, and they are relatively lightweight, so you shouldn’t have to worry about the weight being too heavy for your roof.
The Cost of Installing a Solar System
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When you are looking for a contractor to install your solar system, it’s important to find out how much it will cost. You should compare the costs of different contractors to find the best one for your needs. Keep in mind that installing solar panels can be expensive, and there are currently no financing programs available. However, you can apply for a home equity loan or a commercial loan if you don’t have the funds to pay for the installation upfront.
Third Party Financing for Non-Profit Organizations
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Non-profit organizations can also avail of special loans for solar energy, such as the SAFE-BIDCO energy efficiency loan. Through third-party financing, the non-profit organization and the contractor will purchase the system and make use of the tax credits. The third party will then pass on the charges for the produced power to the non-profit, and after the system has depreciated, it will be sold to the non-profit at a discount. This allows non-profit organizations to pay less for their energy, making it a cost-effective solution.
The Benefits of Investing in Solar Energy
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Investing in solar energy is similar to other investments, such as bonds, property, and stock. You borrow money at a fixed rate and recoup your investment of about 7-11% annually as utility rates increase, which means you pay less for your energy every month. This makes it an attractive investment that is worth considering.
The Impact of Solar Energy on Your Property
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Increasing Your Property Value
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Installing a solar system will have a positive impact on your property value, and it will increase the resale value of your property without having to pay more in terms of property taxes. If you have a lot of space to spare, you may even be able to zero out your electric bill as long as the sun comes out, making it a valuable addition to your home.
Availing of Tax Credits from the Government
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Aside from increasing your property value, you will also be able to avail of tax credits from the government for installing a solar system. These tax credits can help offset the cost of the installation, making it a more affordable solution.
The Operation of Solar Energy Systems
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Solar energy can power your home in the same way you get electricity from the grid. You won’t be able to use it when there is a power outage or when the sun is not shining, but these situations don’t occur daily, making it a reliable alternative form of energy.
As a solar power expert with years of experience in the field, I can attest to the benefits of switching to solar energy. From increasing property value to availing
