Why You Should Choose Solar Energy?
Solar energy is a completely clean and renewable source of energy. It lessens the need for oil, coal, and natural gas in the production of electricity. These fossil fuels cause global warming by producing harmful emissions that degrade the quality of the air, water, and soil. More plant and animal species are predicted to go extinct on Earth between 2000 and 2065 than in the past 65 million years combined. That is a startling statistic that is greatly influenced by greenhouse gas emissions from fossil fuels.
Solar energy has become significantly more affordable in recent years, with costs falling by more than 70% in the past ten years alone. Due to the lack of moving parts that could malfunction, maintenance costs will also be reduced. Additionally, residential solar battery prices have decreased significantly. According to research firm BloombergNEF, the benchmark levelized cost of electricity (LCOE) for lithium-ion batteries has decreased 35% to $187 per megawatt-hour since the first half of 2018. (BNEF).
The availability of federal, state, and local tax advantages is another reason why solar panels are becoming more and more affordable. For instance, the federal solar tax credit allows you to deduct every dollar from your federal income tax. The residential federal solar tax credit now allows you to deduct 26% of the total cost of solar energy systems you install on your home from your federal income tax on a dollar-for-dollar basis.
Your home’s resale value may increase if you install purchased residential solar panels. Homes with solar energy systems sold for an average of 4.1% more than comparable homes without solar electricity, according to Zillow Economic Data. That amounts to an extra almost $10,000 for the median-priced property.