Creating Jobs is helping the Economy

Solar is the fastest-growing source of renewable energy. By 2050, its predicted to be the number one source of energy in the world, and improvements in solar panel efficiency and a dramatic decrease in prices led to solar’s upsurge. As of 2018, solar jobs are growing 17 times faster than the US economy.

Solar is also creating more jobs in the US than any other industry.There were only 93,000 solar jobs in 2010, but that number has grown to over 250,000 jobs as of 2017.

Helping the Environment

The average American is responsible for 20 metric tons of carbon dioxide emissions per year. Each tree usually offsets about 50 lbs of carbon dioxide a year, and installing solar panels on a home is equivalent to planting fifty trees next to that home. Power companies rely on fossil fuels to provide electricity to homes, but the sun is free and produces enough energy in an hour to power the world for a century. Despite solar’s positive impact on the environment the number one reason why most people invest in solar is to save money on their power bills.

 

economy

Saving Money

Here’s how solar can save you money:

  • $0 out of pocket. Solar panels don’t require a large downpayment like a home or car; Installation is free.
  • Pay a flat rate. You pay a flat rate (it won’t change over time) each month to pay back the cost of the panels, and that rate will be less than what the customer is currently paying their electricity company.
  • 30% tax credit. Until 2019, the federal government is offering a 30% tax credit on the total cost of solar panels. This means solar owners are reimbursed for 30% of the cost of the solar panels when paying taxes, and each state offers additional incentives for going sola
  • Savings Increase with Time. Electricity bills are always rising because of inflation and government regulations, and rates usually increase anywhere from 5-7% each year. That means in 20 years power companies will be charging you double what they are charging right now. As energy prices increase, homeowners with solar continue to pay the same flat rate, saving them tens of thousands of dollars.

 

 

 

 

 

Read More: https://skylinesolarpower.com/how-nba-teams-use-solar/