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The Economic Benefits of Solar Power
Over the last three decades, the cost of installed solar power for a typical home has come down from over $300 a watt to as little as $8.50 a watt. In addition, your state governments have funded generous rebate programs, using capital they would otherwise spend to build expensive fossil fuel burning power plants. As a result of the government rebate programs and tax incentives in New York and New Jersey, the final price to the customer can be reduced by as much as 70%.
What do these lower prices and governmental incentives mean for the average homeowner? It means it is the best time in history to go solar and watch your electric meter spin backwards! By purchasing a solar system now you will slash or eliminate your existing electric bill, and as electric rates rise you will save even more money over time. But it is critical to act now! Similar rebate programs across the country have set a clear example. For instance, in California the state rebate for solar power is reduced each year. Rebates of this magnitude do not last forever, and there is already talk of reductions in the coming year.
To learn more about the new economics of solar power in your region follow the links below:
The Environmental Benefits of Solar Power
In addition to its impressive economic benefits, solar power also helps ensure a more sustainable energy future. Solar energy is a completely renewable resource. Unlike fossil fuels such as oil, coal, or natural gas, solar power does not pollute the environment or contribute to global warming.
By producing clean electricity from the sun you help eliminate greenhouse gas emissions and reduce our national dependence on foreign oil. Over its thirty plus year lifespan the average solar system will offset 300 barrels (16,500 gallons) of oil, which reduces greenhouse gas emissions by more than 200,000 lbs, which is equivalent to planting 500 mature trees.
Click here to learn more about how your solar system will help improve our environment, or click on your state to use the comprehensive Clean Power Estimator for New York or New Jersey.
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