Solar Panel Myths
Solar panels have seen a huge surge in popularity since the federal government gave the go ahead for the tax credit, this single action has attracted plenty of home and business owners to give solar a go and see the benefits it can provide firsthand. Like any newer technology there are bound to be a variety of myths and misconceptions that spring up and confuse potentially interested buyers. Solar panel myths are a terrible thing, they’re entirely untrue and they only serve to put homeowners off an amazing technology. Solar is the future thanks to its environmentally sustainable benefits; it can provide amazing energy and free homeowners from monthly utility fees while also contributing to eliminating global warming and other environmental threats.
To help spread the benefits of solar energy the sustainable professionals over at ESD Solar have decided to put together a little article dedicated to dispelling some of these common solar panel myths!
Solar Energy Doesn’t Save Money
This myth couldn’t be further from the truth, and in Florida even more so! Many utility companies abide by a process known as Net Metering. Long story short, net metering allows you to transfer excess solar energy produced from your system back to the grid. During non-sunny times (think bad storms, inclement weather, or cloudy days) you can access this excess energy and not have to pay for drawing from the grid! If you have a particular productive streak you could even generate enough excess energy to warrant receiving a check from your utility provider at the end of the term! As you can see, solar energy is a very lucrative investment, and you can even stay connected to the grid to stay supported when the times are tough!
Solar Is Too Expensive
We understand how home and business owners can think about this when they first go researching for solar energy options. However, when you get the full scope of the situation, you’ll realize that solar is actually a very worthwhile investment! There are many incentives out there, on the federal and state levels, aimed at getting home and business owners to go solar. The most recognizable of the bunch would have to be the Federal Solar Tax Credit, which allows you to deduct an amount of the cost of your solar system from your federal taxes! Originally 30%, this benefit has since fallen to 26% and will continue to drop to 22% in 2021, after which the federal benefit will disappear for homeowners (there will be permanent 10% credit for commercial businesses).
This credit allows you to save a huge amount of money when it comes to tax season, helping offset the initial investment to get your solar panels going. After this, you simply have to wait and let solar energy do its magic to help you recoup the rest of your investment, after which all the savings will go straight into your wallet!
Florida is an amazing state for solar energy and the sun isn’t going away anytime soon! Have more questions on getting your home outfitted solar panels? Contact us today for more information!