Renewable energy sources are rapidly becoming the fastest-growing energy source in the United States, increasing by 42 percent over the last decade. Although renewables include biomass energy, wind, hydroelectric, geothermal, and solar energy, solar has one distinct advantage—it’s accessible.
Google recently reported that based on the 60 million rooftops in its Sunroof technology, roughly 80 percent of those rooftops have some level of solar viability. So whether you have a 20 sq foot roof in California or a 1,500 sq foot roof in Minnesota, solar is likely an option.
Ready, set, go
Making the decision on who you want to do your solar installation is likely the most challenging part of the process. Once you’ve had a chance to research, speak with and vet the installer, you’ll know more about your needs and how the installation process will proceed. Once your system is designed and installed, solar is a relatively hassle-free venture that requires little to no work on your part. You can rest easy, as solar panels are highly durable, have no moving parts, and require little to no maintenance.
Incentives and rebates
The federal government recently renewed the Federal Investment Tax Credit (ITC) to both home and business owners who install a qualifying solar system. The federal tax credit offers a 26 percent federal tax credit on the installation costs for systems placed in service by Dec. 31, 2022. That amount falls to 22 percent in 2023 and drops to 10 percent for businesses in 2024 while expiring for residential projects.
In addition to the federal tax credit, many state and local governments and some utility companies offer incentives for qualifying solar installations. Additionally, most states offer net metering, allowing a property owner to sell any excess power they produce back to their local utility company and use that as a credit on their electric bill.