The price of carbon-based fuels like crude oil, coal, and gas oil continue going up, straining budgets. Savings achieved by switching to Solar Energy continue increasing as a result. Moreover, governments are assisting people to make the switch to solar. They have introduced a range of measures to improve solar affordability and incentives and in that way encourage the switch to solar. The move is also a positive for a cleaner, greener environment. Finally, it can assist national security because it reduces dependence on oil imports.
Both national and state governments extend incentives. The range of national and state government incentives is very large. In the USA, they include personal tax exemptions, corporate tax exemptions, sales tax exemptions for renewable investments, property tax exemptions, buy-down programs, loan programs and grants as well as industrial recruitment incentives.
A specific case study may be helpful for readers. In Florida, a homeowner installing fifty or sixty thousand dollars worth of energy product can expect to receive tax credits and rebates valued at over fifteen thousand dollars. The precise amount will depend on the particular products installed. Solar water heaters, a solar pool heaters and Solar Power (Photovoltaic) systems attract particularly strong incentives.
The federal government offers tax incentives for the purchase of solar photovoltaic systems that generate electricity and solar water heaters. At the state level, Florida provides rebates on the purchase of solar water heaters and pool heaters. Arrangements vary from state to state.
Subsidized finance is also provided. Green loans at government subsidized rates are available to support purchase of solar products. Fannie Mae allows home owners to roll-up the purchase price into their home mortgage loan. This allows the homeowner to finance the purchase at a home mortgage interest rate rather than a higher interest rate applying, for example, to a personal loan.
Switching to solar energy is good for the environment. It assists adverse climate change by reducing carbon emissions. As an example, an average sized home solar hot water heater can reduce annual carbon emissions by around 1 ton (precise figure varies depending on fuel source of existing heater). This is equal to the carbon produced by an average sized petrol-driven motor car that is driven 10,000 miles.
In conclusion, people are increasingly switching to solar energy products. Solar affordability and incentives provided by government are supporting home and business owners make the move. Even seemingly minor products can make a difference. Skylights, for example, allow sunlight to penetrate interiors and avoid electric lights being used. Solar vents extract heat from attics, lowering interior temperature and avoid air conditioning being used. When aggregated across the community even small measures like these can significantly decrease carbon emissions.
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