Are You Ready to Get Solar Panels on Your Roof This Year?
If you have been thinking about going solar, but haven’t made the decision to purchase yet, then 2021 might be the year you will want to finally take the leap. There are several reasons why going solar makes good sense, such as lower energy bills, living an environmentally aware lifestyle, and more, but there are a few reasons why you might not want to put off going solar for another year.
Here are three great reasons why 2021 should be the year you make the switch to solar power.
#1: Federal Tax Incentives are Dropping
Just a few short months ago, the federal tax incentives for solar were expected to be going away after 2021, but thanks to some last-minute legislation, those incentives have gained a bit of a reprieve. Now, instead of the tax benefits ending in 2022, they won’t be ending until 2024.
Still, 2021 is an important year to go solar because the tax credit won’t be any higher than it is right now, which is at 26%. By 2023, it will drop to 22% and then go away entirely in 2024. With solar installation calendars filling up, now is the time to secure your spot, so you can avoid waiting and losing out on the highest tax credit possible.
#2: Battery Storage Technology Has Never Been Better
A solar system’s batteries are perhaps its most important feature because the quality of the batteries impact how much energy can be stored and accessed. Thankfully, solar battery storage has undergone recent innovations that has them performing at their most efficient. With these new batteries, you’ll not only be able to rely on renewable energy at night and during cloudy days, you’ll also be able to have enough energy stored to keep your home running during power outages.
New battery technology provides you with greater energy independence and less reliance on the grid and upgrading to more advanced batteries could even help you qualify for additional tax credits.
#3: Get Paid for Your Excess Energy With Net Metering
Not all states offer net metering, but many do. What is net metering? Net metering is a program that allows homeowners with grid-tied solar panel systems to send any excess energy their systems generate back to their utility companies. The utility company then provides the homeowner with a credit that can be used to help offset the grid-based power consumed during times when the solar panels are not generating electricity, such as at night or on very cloudy days.
With the new Biden administration promising full commitment to green technology and renewable energy resources, solar will play an important role in helping the country reduce its carbon emissions. With solar at the forefront of the battle against global warming, every home that can equipped with a solar system is one step in the right direction. If you have been thinking about taking advantage of all the benefits this remarkable technology has to offer, then make 2021 the year you finally take the leap. You won’t be sorry you did.