Solar Panel Installation in Tampa, FL
Electricity prices all over the country, including the sunshine state, have been rising more and more for the past couple of decades making solar desirable for homeowners looking to opt-in for solar panel installation in Tampa.
In fact:
Retail residential electricity rates have risen an average of 4% over the past 10 years. It’s a trend that is likely to continue in the future. That is exactly why many people are researching solar panel installation in Tampa.
Are you ready to make the move to solar?
How do Solar Panels Work?
Solar panels work by capturing the sun’s energy and transforming it into free electricity for your home or business. A solar panel is a device that’s used to capture that energy from the sun and transform it into electricity. It is a collection of photovoltaic cells (photovoltaic basically means, “light-electricity”) which are used to generate electricity.
This process is called the “Photovoltaic effect” which means the creation of voltage and electric current in a material upon exposure to light.
To put it in a much simpler way, solar panels work like this:
When it comes to durability, solar panels are pretty hardy. Solar panels wear out pretty slowly, in fact, the effectiveness of a solar panel decreases by only 1 to 2 percent every year. That means that once your solar panel is installed, you shouldn’t worry about its durability in the long term.
Why Solar Panel Installation in Tampa is Worth it
Florida’s energy prices are somewhat on the high side. In fact, the average monthly electricity bill paid by residents of Florida is 13% higher than the national average, based on the U.S. Energy Information Administration (EIA).
Opting for solar panel installation in Tampa is a high reward investment that will 100% pay off in the near future. That way you’ll start having more control over your electric bill, you will stop that dependence you had on your electric company once and for all and start enjoying your completely free electricity.
People in Tampa are complaining about the electricity prices that are climbing each year at ridiculous rates, so not only will you save a lot of money by immensely reducing your electric bill, but you will also be immune to the continuous rise of the electricity rates in Florida.
The Benefits of Installing Solar Panels
The adoption of solar energy, whether it’s for your home or your business has many benefits. Compared to the more traditional ways of generating electricity, mainly through fossil-fuel, it is a much better option and here is why:
Increase the Value of Your Property
Properties that have an installation of solar panels have been found to be more valuable than those that don’t. In fact, studies have shown that having a property that is equipped with solar panels is much more likely to be sold faster and at a higher price compared to non-solar homes.
A report made by the Lawrence Berkeley National Laboratory analyzed the sales of homes equipped with solar energy systems in eight different states over 11 years.
The goal of this study was to determine just how much value solar adds to a home’s sale price. To summarize, it was found that solar can add $24,000 to your home’s resale value.
Increase the Value of Your Property
Properties that have an installation of solar panels have been found to be more valuable than those that don’t. In fact, studies have shown that having a property that is equipped with solar panels is much more likely to be sold faster and at a higher price compared to non-solar homes.
A report made by the Lawrence Berkeley National Laboratory analyzed the sales of homes equipped with solar energy systems in eight different states over 11 years.
The goal of this study was to determine just how much value solar adds to a home’s sale price. To summarize, it was found that solar can add $24,000 to your home’s resale value.
Get a Great Return on Your Investment
The financial benefits of going solar are pretty big due to the fact that solar panels have a great rate on return.
Once you go through that initial investment of purchasing the solar panels and having the proper installation of your solar energy system done, you will start saving money on electricity and after a while, the amount of money saved will be higher than the amount spent on purchasing and installing them. This is known as the “Solar Payback Period.”
The solar payback period refers to the amount of time it takes to recover the cost of your investment in solar energy (the cost of purchase + the cost of installation). Simply put, the solar payback period is the length of time your solar panels investment reaches a break-even point. Compared to other investments, solar panels have very short payback periods (8 years on average) making them a very attractive investment.
Save a Lot of Money on Taxes
Federal Tax Incentives
When you go solar, you benefit from a lot of tax advantages granted by the government:
In order to encourage the use of solar energy, the government has made the federal energy investment tax credit program.
If you are under this program, you can benefit from a tax credit for the amount of 26% of the cost of the solar energy systems that you have installed on your commercial property, this tax credit also includes the cost of installation.
Local Property Taxes
In order to encourage the use of solar energy, the government has made the federal energy investment tax credit program.
We said that having a solar system installation drastically increases the value of your property, the good thing is the value added to the taxable property from that solar system installation will be totally exempt from local property taxes for a period of 20 years.
Solar Power Is Good for the Environment
The electricity that solar panels produce is green, renewable and emissions-free.
It’s one of the cleanest energy sources. Completely relying on renewable energy for our energy needs is the big goal that the world is pursuing. So choosing solar energy is a big step towards that goal and towards a more sustainable and better future.
The U.S. Green Building Council reports that buildings are responsible for around 39% of carbon emissions in the U.S., carbon emissions being one of the biggest causes of pollution in the world. Adopting solar energy is a very easy way to help decrease these polluting effects. It’s a way that we can use to help minimize current environmental issues like climate change and health problems related to carbon emissions. In the U.S, the average household emits approximately 20 metric tons of carbon pollution each year, according to the U.S. Environmental Protection Agency. By having a solar energy installation, that a household emits 1 to 3 fewer tons of carbon emissions every year.
So if you want to contribute to a more sustainable and greener future, think about decreasing your carbon footprint by adopting solar energy for your home or commercial property.
Increase the Competitiveness of Your Business
The electricity that solar panels produce is green, renewable and emissions-free.
A good example is IKEA, it’s a company that invested a lot of money into sustainability and it paid off for them quite well. One of the easiest ways to become a sustainable business is by adopting solar energy. If your business is sustainable, it will automatically be more competitive and differentiate itself from the competition.
Decreasing the carbon footprint of your business by adopting solar energy will allow your business to stand out from the competition, be more prepared for future energy regulations and receive green certificates which will boost its brand image.
It Helps Your Local Economy Grow by Creating Jobs
Solar energy isn’t just a tool to reduce pollution and help us build a more sustainable future. It has been found that solar energy is creating jobs at a really fast pace. In fact, new data shows that the solar energy industry creates far more jobs than any other industry in the U.S, making it the leading American job creator.
The rapid spread and expansion of solar energy has helped create a lot of well-paying jobs for Americans. According to the most recent National Solar Jobs Census published by “The Solar Foundation”, there were 242,343 solar workers in the United States as of 2018, which means that 1 in 50 U.S jobs were in the solar industry.
The evolution of solar energy’s job creation
In 2010, the solar industry provided jobs for only 93 000 Americans. The sector has been rising very quickly and six years later it reached the point of employing over 260,000 people. That is a tremendous growth rate of 179% in only 6 years.
An impressive steep rise that will definitely not stop in the future, according to analysts.
So are you ready to finally switch to a better source of energy and get your solar panel installation in Tampa? Thanks to the sunny nature of Florida’s weather, it might be one of the best locations for solar energy.