Benefits of Residential Solar Electricity
By Keith Donnelly - May 10, 2022

The Earth is on the brink of collapse owing to climate change. All living things, humans and animals alike could go extinct if the Earth can no longer host life. And as the famous saying goes, “there is no planet B” which is why we ought to protect the only home we have! Fossil fuels are a major contributor to greenhouse emissions which are a catalyst for climate change. Using nonrenewable energy sources such as solar panels reduces the demand for fossil fuels, and hence, serves to protect the environment.

Getty Images/Moment/Richard Newstead

Installing solar panels will also save you a lot in terms of electricity bills. If you live in a place like Washington D.C. which has an average amount of sunlight throughout the year, this should be sufficient in powering a house with three kids and two adults at net-zero consumption. Moreover, you can also earn tax credits by installing solar panels. In other words, installing solar panels will result in the government paying you! This is helpful in covering up the initial investment you made to install the solar panels. Initially, you will get 30 percent of total system costs back from equipment and installation as a federal income tax credit when you file your taxes.

This essentially means that you will save $7,500 on a solar system worth $25,000. Moreover, you can keep a lookout for some installers who provide no-cost installation. They basically front all of the money for the panels and installation and charge for electricity at a reduced rate. In other words, these installers “lease” your roof space and give you a discount on the electricity in return. This is a good idea for those who do not wish to make a high initial investment to prefer a no-money-down option.