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7 Things You Should Know About the Solar Industry in 2021

Zoom Local News > Business > 7 Things You Should Know About the Solar Industry in 2021

7 Things You Should Know About the Solar Industry in 2021

Did you know a lot of people want clean energy? Have you considered installing solar panels? If you would like to learn about different trends in the solar industry, we can help.

In this guide, we’ll go over what you should know about solar power this year.

Want to learn more? Keep reading.

1. Increase the Value of Your House

Homebuyers see a solar panel system as a valuable asset to a house. Houses that have Mississauga Solar Panels get sold for more compared to homes without the panels.

Solar is an excellent option for you to invest in, even if you plan to sell the house later. Save on your electricity bill, and find a home buyer in a few years.

Think about your long-term goals. Will you stay in your home for a couple of years while your family grows up?

Later, if you want to downsize, you will have an easier time finding a home buyer because of the solar power system.

2. Solar Remains Important in the Cold States

For solar panels to create lots of electricity, the best conditions are cold and sunny days. States with cold and long winters can use solar power as a clean energy source.

In Massachusetts, the payback period for a system is around four years. In Florida, the payback period is between 10 years.

Some cold states are a lot better for solar because of a high electricity rate. Also, the state offers solar tax credits.

Where do you live? Don’t assume that you live in an area that won’t benefit from a solar power system. You could save a lot on your bill each money.

3. What About Solar Battery Storage?

Current residential solar installations don’t always have energy storage systems. You will have excess power because the panels generate the power during the day. The power won’t get sold to the utility grid.

A homeowner will also have power if the utility grid goes down. Natural disasters have begun to increase.

People have become more interested in home solar batteries. Due to natural disasters, the utility grid can go down for more extended periods.

With a solar battery, you will have access to power even during a natural disaster. Consider whether you would like to get a battery with your system.

If you haven’t installed a solar panel system in your home yet, consider getting a battery for storage.

4. Environmental Benefit

A lot of people know solar energy’s critical for the environment. Most people aren’t aware that it can also provide a solid return on investment.

Solar panels have become a popular renewable energy source. The solar panels make use of the sun’s energy to create electricity.

For people passionate about the environment, this is a solid choice. You can move away from sources that produce carbon dioxide.

Solar is a solid investment because people will always use power in their homes. Think about what’s important to you and your family. If making sustainable choices is critical, consider solar panels. Under the new ECO4, solar panel grants are available to households across the UK in 2023. Read the Warma UK guide to know how to qualify for a solar panel grant.

5. What About the Federal Solar Tax Credit?

Another critical financial incentive is a federal solar tax credit. The credit can cover 26 percent of a solar energy system’s cost. This rate is only available until the end of 2022.

If you’re considering a solar power system, you should contact a local solar company soon. This way, you will avoid the rush at the end of 2022.

Start by contacting local installers in your area. Ask about the solar tax credit and if they have helped home buyers with the process.

You should also research the tax credit and your particular state. There may be other incentives in your state, as well.

6. Solar Has Become More Affordable

Solar power system costs have dropped as well. 10 years ago, systems were a lot more expensive. Since solar has become more popular, it’s now an affordable investment for homeowners.

Did you know in the States, over two million homes have installed a solar energy system? There’s an expectation that this number could double in a few years.

Look at different flexible financing options or zero-down solar loans. You won’t have to pay for your system all upfront.

7. Solar Power Will Help You Avoid the Rising Electricity Prices

Grid power will become more and more expensive over the years. Solar will create electricity and will help you if significant utility price increases.

Utility power will rise as homeowners choose solar. Consider choosing solar power sooner than later, and secure the 26 percent tax credit. You’ll get protection from the utility raises.

Find a Reputable Installer

If you’re ready to begin the process of installing solar panels in your home, you should get some references. Ask your network to provide you with the name of a reputable solar panel installer.

You want to work with a company that has been in business for a couple of years. Are you in California? Consider checking out this solar company.

You should ask to make sure the company has the proper licenses and insurance. Find out if the solar company offers a warranty to cover any potential repairs.

Keep Learning About the Solar Industry

We hope this guide on the solar industry was helpful. Consider if you will invest in a solar system. It would help if you tried to do so before the end of 2022 to get the tax credit.

Are you looking for more home improvement tips? You can check out our resources on the blog.