Solar Tax Credit – Energy Efficient Solar Can Pay for Itself

It’s good to be green! Buying green energy products and opting for energy efficient homes and off-grid living are all the rage these days. While going green is good for the environment and our wallet, it also has its disadvantages. One of the biggest is the cost associated with changing all of our habits and buying new appliances, electronics, and decorations. There is also the inconvenience of having to search for green options when you’re buying something as simple as a box of cereal or a bottle of wine. Despite all of this, going green is still beneficial and we should all try to do our part to save the environment. That’s why the popularity of green energy is increasing every day. People are realizing that going green is not just an act of good will but it can also financially benefit them.

The Benefits Of Going Solar

If you’re reading this, I assume you’re already considering going green and reducing your eco footprint. Great! The solar industry is a profitable one and the demand for solar power is only expected to increase in the coming years. Several countries have already passed legislation that promotes solar energy and incentivizes its use. For example, Germany is now a leading exporter of solar technology, thanks in part to their Solar Law introduced in 2016.

Here are just some of the benefits of going solar:

  • Saving money
  • Reducing your carbon footprint
  • Enhancing your home’s value
  • Lowering your electric bills
  • Protecting your energy independence
  • Reducing your dependence on fossil fuels
  • Offering protection against extreme weather events
  • Increasing your home’s resale value
  • And much more!

How Much Does Solar Cost?

The cost of installing a solar panel system will vary from location to location and depends on a number of factors. However, in general, solar installation in the United States is fairly affordable. This is in large part due to the fact that the cost of solar energy has decreased significantly in the last few years.

The U.S. Department of Energy (DOE) reports that the average price of a small rooftop system (less than 10 kW) declined by 23% between 2016 and 2019. The cost has also decreased because the technology has become more prevalent and more affordable.

The cost of a large system (over 20 kW) decreased by 28% between 2016 and 2019. Large rooftop systems are commonly used in areas with generous government subsidies or where a commercial property is undergoing construction and needs power before the occupancy permit is issued.

These cost savings are partly responsible for the increased popularity of solar energy in the United States. In 2019 alone, there were over 400,000 installations, representing a 24% increase from 2018.

The Rising Demand For Solar Energy

It’s becoming increasingly common to see solar energy products and technologies being used in more and more homes, businesses, and even larger organizations. This is due in part to the increased demand for clean energy and companies that manufacture and distribute solar products, like Solar City, making it easier for individuals and businesses to purchase equipment.

According to the Solar Energy Industries Association (SEIA), there are now over 400,000 solar panel systems installed in the United States. That’s good news for those looking to invest in solar energy, as the industry has never been more profitable or more promising.

Forbes currently lists the solar industry as the eighth largest energy industry in the world, with annual revenue of over $16 billion. Not only is going green financially beneficial, but it can also be a promising career choice for those seeking to work in the energy sector.

Increased Demand For Solar Installations

The increasing demand for solar installations is also helping to drive down the cost of these systems. According to the NPD group, retail sales of solar technology and equipment increased by 47% in 2019.

The worldwide market value of the photovoltaic solar market was $16.9 billion in 2019 and is expected to rise to $26.3 billion by 2027.

NPD group associate director Tim Hornsey said the uptake of solar power has been driven by increased consumer demand, strong demand from business, and a rise in installations in emerging markets.

The Growth Of The Gigantic Global Market For Solar

The demand for solar energy outside of the United States is also increasing, primarily driven by the cost-savings and environmental benefits offered by solar technology. According to Mordor Intelligence, the global market for rooftop solar power was valued at $16.9 billion in 2019 and is expected to rise to $26.3 billion by 2027.

Developing countries like China and India are some of the largest markets for solar energy, with China leading the way with over 1.3 billion consumers and India with over 900 million. This trend is likely to continue as these countries seek to reduce air pollution and combat climate change.

One of the major factors contributing to the demand for solar energy is the decrease in the cost associated with this form of energy. It is estimated that by 2022, the cost of solar power will be similar to that of traditional forms of energy like coal or gas.

Why Buy From

It’s always a great idea to purchase products from places you know and trust. This way, you can be sure that you’re getting the best price possible and that the product will arrive when promised. Of course, this is easier said than done. After all, how many times have you bought something online and it didn’t turn out the be the product you were looking for?

Luckily, there are ways to ensure that your experience is as good as possible. One of the best places to purchase green energy products, specifically solar energy products, is from reputable chainstores like Not only are they known for offering great prices and fast deliveries, but they also ensure that the products they sell are of the highest quality.

Quality control is extremely important when it comes to buying electronic or electrical products, especially if you’re planning on using them in a home setting. Without sufficient quality control, you run the risk of purchasing a defective product that will malfunction soon after installation. This could lead to serious safety issues or completely destroy your home’s entertainment system.

If you buy a TV from a bargain bin at a local store, you’ll almost certainly receive a defective one. In these cases, it’s not uncommon for customers to file lawsuits against the store due to faulty products.

How To Choose The Right Solar Product

When shopping for your solar product, it’s important to keep in mind the type of installation you’ll be performing as well as the capacity you need. For example, do you need a system that can power a small home or a large one?

The type of solar product you need will depend on a number of factors, like your current electricity supply and how efficient you want the system to be. If you’re looking for a new system and don’t have a lot of experience running power systems, it’s a good idea to purchase a smaller system and learn how to properly operate it yourself. You can also contact an expert who can help you choose the right product for your needs and budget.

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