Tuesday, April 30, 2019

What is the average rate of increase for homes with solar

Houses with solar panels on them are on the rise in the U.S.. There are more than 58.3 Gigawatts of solar capacity are now installed, which is growing at an average rate of 59% over the last 10 years.
Top 6 Factors -
  1. State policies - Some states, even going as far as requiring solar panels in new zoned homes after 2019 to meet state sustainable NEM goals.
    1. This is a key factor because many states are increasing their standards of sustainable energy by making miscellaneous laws supporting solar. CA has always been considered one of the more environmental states, creating their own state specific standards. And, after offshore drilling regulations were cut back, the state also considered some initiatives for home solar. CA is becoming the first state to create construction laws, that require solar to be a part of new home construction zoning initiatives.
  2. Sustainability policies - Many regions across the United States, are for the first time looking at a 100% renewable trajectory.
  3. Cost effective - Solar panels are becoming more cost effective over time. Additionally you are looking at a standard 30% itemized tax deduction.
  4. High level efficiency - efficiency ratings are going up so panels are able to produce energy at even faster rate, by advancing silicon based cells such as Monocrystalline solar panel models.
  5. High Energy Returned on Energy Invested - In terms of the amount of fossil fuel consumption, that would go into a panel, or any materialized structure, the ERoEI from the panels, is high enough to outweigh factors.
  6. Easy of access to install solar panels on your homes - with online tools, solar panels are becoming plentiful on the market. Hahasmart’s solar panel price checker, is one of the easiest tools you can use to get the job done, from finding the local solar panel installers with certifications, to buying your solar panels, inverters, and etc. … Plus, it is considered 25% below the average market value costs of solar panels. And, this factors out the tax incentives you are looking for.

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