5 Financial Rewards Of Rewarding Solar Panels


Would you like to make your power supply more stable? Installing solar panels can provide the power backup you require. Solar panel financial rewards can be significant, with homeowners often able to recover the cost of a solar panel installation in a few years. Federal and state tax credits and cash payments from utilities can make going solar a lucrative investment. Solar panels prices have also fallen in price recently. What financial rewards do you get from deploying solar power?

1. Lower and Predictable Power Bills  

 If you have a solar power system, the amount of money you spend on electricity will be lowered greatly. A solar panel system can reduce the amount of electricity you consume, thus reducing your power bill. Solar power gives you control over your power supply,  making your bills more predictable and lower. 

2. Earn Power Credits with Net Metering   

If you have a solar power system, you can earn money by selling your excess power to an electric company. This is called net metering. When most people use their air conditioners and other appliances, power demand rises and tariff rates are higher. The good news is that by selling your excess power during these times, you will earn credits that can offset higher prices for electricity during other times of day, months, and seasons. 

3. Enjoy Tax Incentives   

You can benefit from a federal tax credit of a certain percentage of the cost of your solar panel system. You should also check whether your state has solar tax benefits. The solar power tax credit is an incentive that makes solar panel systems more affordable for homeowners. 

4. Offset Time-of-Use Rates   

If you use your excess power to offset higher electricity rates, you will save money on your power bill. If you use a time-of-use rate plan, then you can save even more money by using your solar power system to offset peak demand times when electricity rates are highest. 

5. Boost Your Home's Value   

If you have a solar power system, then your home will be worth more than homes that do not have one. Most people want to live in environmentally friendly and energy-efficient homes. A solar panel system will help you achieve these goals, making your home more valuable in the process.

Would you like to make your home greener and better? Talk to an electrician about installing solar panels for backup. 


28 February 2022

Conquering All Your Electrical Questions

There are so many electrical issues you can encounter daily. Are your lights flickering? Is your microwave not working right? Do you need more outlets in your home? What type of outlets do you need? Regardless of what type of electrical issue you are facing and what kind of electrical issue you are facing, we have a resource to address it. At Conquer All Electrical, we want to conquer all your electrical questions and provide you with the resources to make informed electrical decisions. We want to guide you through your most challenging electrical question so you know what to do to fix the issue at hand and who to call to assist you. Let’s conquer your electrical issues!