Solar panels for the home are definitely a substantial investment. However, they are an investment that is well worthwhile.
Both energy savings and Solar rebates can help homeowners attain solar power in their own homes. While solar panels have previously been the domain of either large power plants or exclusive, specially designed and exorbitantly priced “green homes” that is no longer the case. There are many ways that homeowners with a variety of budgets can afford solar panels.
While not exactly part of Solar rebates, the long-term savings available to homeowners with residential solar installations should be ignored. Eventually, they can pay for the entire cost of the installation, allowing the homeowner to essentially make money from having a solar-powered home.
These savings primarily come from the drastically lower energy bills solar panel owners receive. A proper solar panel installation, including optimizing the home to be energy efficient, should mean that most of the power the household uses is coming from solar energy. In some cases, the panels even produce all of the power for the home.
Any reduction in a monthly fee adds up over time, and with the difference in cost that residential solar panels make, homeowners can save a substantial amount each month. This means that the savings will accumulate fairly quickly intro a truly respectable amount and even enough to offset the cost of the panels.
Money Back from the Government
The most significant actual Solar rebates are those that come from the government. There are many reasons why the government wants to push residential solar power to become more widely used. Broadly speaking, the current electricity industry requires a lot of resources, many of which are imported. Being so reliant of resources from other countries is not great for the U.S. economy and can also cause political complications.
In addition, more and more government officials are recognizing the serious effects that current electricity production methods are having. Most of the government acknowledges global warming and is making efforts to stop it. Additionally, air, ground, and water pollution have led to ecological disasters and human illnesses. Solar panels cause none of these problems, making them obviously beneficial and easier to handle in many ways.
Due to these factors, the federal government offers substantial Solar rebates on home solar panel installations. Depending on a variety of factors, a homeowner can have nearly a third of the initial costs absorbed by the government, rather than having to pay it all themselves. This reduction is significant and puts the price in a more reasonable window for many homeowners, making solar power much more accessible for many.
The information above applies to the United States federal government, but state government and local government offer Solar rebates as well. All customers looking at solar panels should examine how their area is offering to help.
Incentives from Utilities
The government is not the only entity offering Solar rebates to homeowners who install solar panels. Utility companies need a convenient way to source renewable energy without creating another production plant they may not be able to afford. Being able to buy up excess energy from homes with solar panels makes this a much easier process for them, so a customer adding a solar panel installation to their home is very desirable.
As a result, many utility companies offer a variety of incentives or Solar rebates in order to help encourage their customers to install solar panels. While this is usually the smallest amount of money gained, it is still enough to help considerably.