Solar Energy Incentives
financial sustainability through solar
The cost of electricity for homeowners has gone up in 28 of the past 30 years, with an almost 40% increase in the last decade alone. History indicates that Homeowners who remain completely grid-dependent will pay more in utilities next year than they do now, and will continue to pay more with each coming year.
If you let SunFoundry invest in your solar project, you will start saving and becoming more financially sustainable immediately.
Solar panels generate electricity you can use to power your home, which can drastically reduce the amount of energy you need to buy from your utility company. In addition, your system may generate power that you don't use, and in most states this surplus energy can be sold back to the utility company for other people to use – providing you with further savings on your utility bill. In some cases, Homeowners' utility bills can drop to $0.
solar increases property value
Solar energy systems are an attractive asset for Homeowners looking to sell their homes, as rooftop panels have been shown to increase the value of the home while reducing its time on market.
A 2013 study from the Lawrence Berkeley National Laboratory indicates that a medium-sized residential solar system can add more than $20,000 to the value of a home.
In addition, according to a study that was sponsored in part by the U.S. Department of Housing and Urban Development, home values can increase on average by $20 for every $1 reduction in annual utility bills. Savings of just $40 per month could lead to a $10,000 increase in the value of your home.
The addition of a solar energy system has proven to draw increased interest from home buyers, leading to shorter periods of time on the market. According to the U.S. Department of Energy, homes with solar sell at up to twice the rate of their conventional counterparts.
environmental sustainability of solar
The environmental benefits of solar energy are clear and create a significant positive impact on the world around us. Solar helps to reduce air pollution and greenhouse gases by limiting the burning of hydrocarbons for power generation. A standard 6 kilowatt hour (kWh) system performing for 25 years can reduce your carbon footprint by over 150 tons of carbon dioxide** , equivalent to:
- Planting over 3,500 trees
- Not burning 15,750 gallons of gasoline
- Recycling 50 tons of waste
- Displacing carbon emissions
**Based on an assumed 25 year system production of approximately 200,000 kWh converted using the EPA's greenhouse gas calculator
The burning of fossil fuels has polluted the environment and accelerated global warming. Clean, renewable energy sources provide an attractive substitute – by going solar, you can contribute to keeping the environment healthy for generations to come.
Solar jobs and energy independence
Today, the U.S. solar market remains relatively small when compared to the overall U.S. electricity market, but still generates enough energy to power 3 million American homes. With the widespread adoption of solar, the U.S. can move closer to energy independence and limit spending on foreign oil imports.
According to the U.S. Department of Energy, imports accounted for nearly 40% of U.S. oil consumption last year. The cost to import this oil: almost $300 billion! Solar, in contrast, is a practically limitless clean energy resource that can be generated locally.
The solar industry is now a significant contributor to employment in America, with over 140,000 people now working in solar. Job growth in solar is ten times higher than the national average, helping fuel the U.S. economy. By going solar, you can reduce our country's reliance on foreign oil imports while supporting job growth in the U.S.