Solar energy is now more affordable and accessible than ever before, and using renewable energy makes a positive impact on the environment. It’s like they say: what does a solar spill look like? A beautiful day.
Everyone wants to save money, right? A solar electric, or photovoltaic (PV) system may be the answer. The Public Utility Regulatory Policy Act of 1978 (PURPA) requires power providers to purchase excess power from grid-connected small renewable energy systems at a rate equal to what it costs the power provider to produce the power itself. This means that any excess energy your PV system produces can actually put money into your pocket. The greatest benefit for homeowners is through net metering. With this arrangement, a bi-directional meter is used to record the electricity your home pulls from the grid, as well as the excess energy your PV system produces. At the end of the month, if you are in the black energy-wise, the utility will pay you retail price for that extra electricity.
PROTECT THE PLANET
At least for the next 5 billion years or so while the sun still shines, solar energy is a renewable resource. This means that you can use as much of the sun’s energy as you like and it won’t deplete it as a resource. Processing solar energy does not release carbon emissions, unlike coal, which many utilities use to produce electricity. According to the EPA, the average American household produces 6.8 metric tons of greenhouse gas emission from electricity each year. By using solar energy to power your home, greenhouse gas emissions from electricity could decrease considerably.
Side note: If you can’t produce solar energy at home, why not buy clean energy from your local utility?
INCREASE PROPERTY VALUE
Investing in solar energy will not only save you month-to-month on your electric bill, but it could also increase the property value of your home. A study by the National Bureau of Economic Research found that in California, PV systems added a $20,194 premium to the sales price of homes. Though solar can be expensive to install, the return on investment is approximately 97%, not including the savings associated with reduced energy bills.
The solar industry is growing rapidly. More homes are using solar energy and as such, new jobs are being created to meet this need. According to the non-profit Solar Foundation 2013 Solar Jobs Census, the U.S. solar industry employed 142,698 Americans in 2013. This is an almost 20% growth in employment since September 2012!