Sunlight is free and available in endless supply. As the price of fossil fuels (oil, coal, gas) continues to increase, the economic incentive to switch to Renewable Energy Sources grows stronger. Additionally, more and more people recognize the environmental advantages of switching to non-carbon emitting, renewable energy sources like solar. Governments around the world have introduced various measures to improve solar affordability and incentives to encourage households and businesses to switch to solar.
The incentives are offered by governments at the both the national and regional levels and the range of incentives is very large. It is important to check all relevant public agencies to determine the incentives available in specific localities. Their value can be very significant for both homeowners and businesses.
For example, a homeowner in Florida who has decided to install a range of Solar Power systems to the value of about fifty five thousand dollars can expect to receive about 34 percent of that value back as a result of both federal incentives and state rebates. This example is based on the homeowner installing a solar water heater, a solar pool heating system and a 4.5kw solar Photovoltaic (PV) systems.
A specific case example may be helpful. A Floridian homeowner that installs around approved Solar Energy products valued fifty or sixty thousand dollars can expect to receive government-funded incentives totaling more than fifteen thousand dollars. The exact amount depends on the specific products purchased. Federal government provides tax credits for purchase of Solar Electricity (photovoltaic) systems plus water heaters. Several states, Florida being one, provides tax credits rebates for purchase of solar water heaters plus pool heaters. Policies vary across states.
Several mortgage and general finance companies offer so-called green loans at interest rates subsidized by government to support the purchase of approved solar products. Fannie Mae offers green mortgage loans where the purchase cost of approved energy product purchases is added to the home mortgage loan.
Photovoltaic systems that have back-up storage in a battery bank have the advantage of being able to maintain electricity supply to a household even when there is an outage on the public grid. Solar pool water heaters can supply up to 100 percent of the heating needs for many family pools, significantly extending their swimming season.
In summary, the switch to solar energy products is firmly underway by homes and businesses alike. Solar affordability and incentives offered by national and state governments assist the switch. The environment is better for it.
Looking for more info on Solar Systems USA? Get the low down instantly in our complete overview of all you need to know about how and where to find affordable solar panels and fantastic incentives to help you switch to solar energy.