When living in Stockton, it is an obvious choice to use solar energy because of the all-year-round sunshine. It is, however, not only an environmentally wise choice but also a sage financial choice. Here are ten ways you will save money with solar energy.
Current Solar Incentives and Tax Credits in Stockton
There are many solar incentives to motivate homeowners to install solar panels. The federal solar tax credit to install solar panels for homes and businesses equals 30% of the total installation cost. The amount of tax credit is deducted from your federal taxes, and you can claim the credit over several years if the amount you owe in taxes is less than the amount of your tax credit.
No More High Energy Bills
Harnessing the sun’s energy can significantly reduce your dependence on the grid. Being independent of the grid will result in substantial savings on your monthly electricity bill of up to 80% per month. A solar system can power your entire home, and you do not need to worry about turning air conditioners off in case of too much consumption. On average, homeowners in Stockton who install solar panels save about $1,739.08 per year!
Net Metering is somewhat contentious in some states, but it is still available and undoubtedly one of the biggest reasons to go solar. In California, any solar homeowner will receive bill credits for extra solar power from their utility. Customers can install renewable electrical generation facilities like solar, wind, and fuel cell facilities and can interconnect the facilities with the electrical grid. Participating customers receive bill credits for excess energy exported to the electric grid when not used onsite. These bill credits are applied to monthly bills at retail rates. You power the homes in your area with the excess energy generated by your solar system and receive credit for it by signing an agreement with the Stockton utility company.
Solar Incentive Programs
Stockton residents can benefit from several local solar incentive programs for switching to solar energy. It makes solar power the more cost-effective choice that, at the same time, helps your pocket. Only some are mentioned here, but you can do your research to find out what else you can gain from incentive programs. Some of these incentives include:
- Property Tax Exclusion for Solar Energy Systems and Solar Plus Storage.
- Self-Generation Incentive Program.
- Renewable Market Adjustment Tariff.
- Home Energy Renovation Opportunity Financing Program (HERO)
Long-Term Investment with Reduced Maintenance Costs
Solar installations require remarkably low maintenance, and their lifespan is 25 to 30 years. They require periodic cleaning, are reliable and durable, and save you tons of money in the long run.
Reduced HVAC Costs
You will save money on your heating and cooling costs with solar energy. By generating your power, you will save significantly on your energy bill while at the same time reducing the maintenance of your HVAC system. It will extend the lifespan of your HVAC system.
Increased Property Value
Solar energy in your home is an investment in energy efficiency and your property’s value. Homes equipped with solar panels fetch higher prices in the real estate market. Your property will have a higher appeal without needing significant improvements before you want to sell and be more profitable.
Increased Energy Independence
When you install your solar panels through reputable solar technicians, you can produce your power as they propose systems that are 125% larger than your usage before solar panels. The quality of products will make you less reliant on the grid, which will help with power outages and energy shortages. It can save money on costly repairs of electrical and electronic equipment, dependent on the power supply to your house.
Reduced Water and Fuel Costs
Solar power water heaters can save money on water heating. These systems are more efficient than traditional water heaters and can save money on repairs and replacements. It also saves water as less water is left running to wait for the water heater to produce warm water. Hot water heat pumps use up to 75% less energy to heat water.
When using an electric vehicle, you can charge it with solar power, saving fuel costs and reducing your reliance on fossil fuels.
Besides being environmentally friendly, solar energy will save you a ton of money. It has so many environmental benefits. Solar power significantly reduces your carbon footprint, avoiding potential carbon taxes in the future. You will contribute to Stockton’s move towards a more sustainable and eco-friendly future. You will, therefore, contribute to a cleaner, healthier environment with a better quality of life. Less money will be spent on healthcare and environmental damage.
Solar energy is a clean, sustainable source of power. It is a financial decision, especially for homeowners in Stockton. Take advantage of installing solar power and reap the economic benefits. Contact Phoenix Roofing & Solar now and get the experts to advise and assist you with solar installation.