While you’re thinking about resolutions for the coming year, make sure to put “go solar” on the list! The new year is going to be a great one for solar energy.
Keep reading to find out why you should invest in solar energy for your home or business in 2023.
Steer Clear of Rising Electricity Costs
With electricity costs going up across the country, energy independence is more attractive than ever. When you buy all of your power from the grid, you are subject to fluctuating rates that always seem to be getting higher. But when you install solar panels, rising costs won’t impact you as much since you’ll be producing some or even all of your electricity with free solar energy. Solar panel return on investment is high because as soon as you break even, you’ll be saving more than you spent on your solar panel installation.
Save on Taxes with the 30% Federal Solar Tax Credit
When you go solar in 2023, you’ll be eligible for the Investment Tax Credit (ITC) which is also referred to as the federal solar tax credit. The solar tax credit in 2023 is worth 30% of your solar installation costs. So, if you spend $15,000 on a solar installation, for example, you can save $4,500 on your federal income taxes. If the credit amount exceeds what you owe, it can be rolled over to the next year.
Home solar installations, commercial solar installations, off-grid solar, solar microgrids, and solar batteries all qualify for the federal solar tax credit. If you want to claim the ITC on your 2023 taxes, your solar system needs to be turned on by December 31, 2023. Schedule a consultation with Six Rivers Solar today to get started so you can get your credit this year!
Protect Yourself Against Power Outages
The California grid is stretched to its limit and becoming increasingly unreliable. By going solar in 2023, you can protect yourself against the shaky grid and avoid power outages. Solar panels don’t provide backup power on their own during an outage, but when paired with battery storage, they can.
Solar batteries can also help you take better advantage of the new system for net metering in CA by allowing you to store energy and export it to the grid when compensation rates are at their highest.
If you’re ready to cut ties with the grid altogether, off-grid solar or a microgrid could be right for you. Off-grid systems give you total control over your own power production, so you never have to worry about the grid cutting you off.
Reduce Your Fossil Fuel Consumption
Using less fossil fuel is one of the main solar panel benefits. Solar energy is clean and renewable, which makes it significantly better for the environment than burning fossil fuels for energy. By going solar in 2023, you can help California reach its clean energy goals and help create a better future for the coming generations.
Increase Your Home’s Value
Did you know that solar increases your home’s value? It’s true! California homebuyers know how valuable solar is and are looking for homes that already have solar panels installed. If you go solar now, you could very likely get more for your home if you ever decide to sell it.