Are you looking to switch your home to solar energy? California has some of the sunniest conditions on the planet, and that makes it a great place for anyone interested in sustainable energy solutions. Going green isn’t as complicated as you’d think—especially when you know more about the basics of solar panel installation. Here’s a look at what every California homeowner should know about going solar in 2019.
CALIFORNIA IS LEADING THE NATION IN SOLAR ENERGY
It’s no wonder that the sunny west-coast is leading the way in solar energy production. The brightest minds in the country are doing their very best to make solar energy as available as possible. In fact, Solar currently accounts for nearly 19 percent of electric needs in the state.
What does that mean for renewable energy? It means that you can expect to see some cutting-edge technology come out of the Golden State. According to Solar Energy Industries Association data the combined energy produced by installed solar power equals a whopping 25,000 gigawatt-hours. That’s enough electricity to power over 6 million homes. Based on these numbers, California is the ideal place to take advantage of solar power and benefit from energy savings.
SOLAR PANELS ARE A WORTHWHILE INVESTMENT
You don’t have to be a mathematician to know that solar is a great long-term investment for your property. Contracting a full-service solar panel installation for a home can significantly reduce your monthly utility bills. If you just count how much you could save over the life-span of your home, then the numbers will always make sense. Everyone knows you will save on your energy costs, but don’t overlook the other benefits you’ll get from switching to solar.
Installing panels on your home can increase the property value—just like any other upgrade during a renovation. In fact, new research from Zillow shows that homes with solar panels sell for 4.1 percent more on average. You also get the priceless benefit of having plenty of electricity during power outages. When utility costs increase over the years to come, you will feel much less of a burden on your wallet. There are tons of unseen value in solar energy that every California homeowner should take advantage of.
Tax Credits and Incentives Cut Costs
California once offered amazing incentives for residents to install solar panels, but those times are on their way out the door. That said, there are still ways to save on solar energy installations. Here’s how you can save even more by using applicable energy incentives.
Federal Solar Tax Credit
The federal tax credit currently grants homeowners a 30 percent deduction on solar installations, but that number will drop to 26 percent by next year. Solar tax credits will incrementally be reduced until they decrease to a 10 percent grant in 2022. There won’t be any more tax credits given for residential installations starting in 2023.
Tax Credit Eligibility
In order to qualify for a tax credit, your system must meet all safety guidelines be a new unit upon installation. Your system must also be used by at least one person who is subject to United States income taxes—unless the system is being used by an employee of a tax-exempt organization.
California Property Tax Exemption
While the state of California may not provide tax credits anymore, residents can take advantage of property tax exemptions. As you know, solar panels typically raise property value. Ordinarily, this would increase property taxes, but the exemption makes it so you won’t have to pay taxes on the added value the solar panels brought to your home valuation.
FINANCING OPTIONS AND PROGRAMS ARE AVAILABLE
Most homeowners choose to finance their solar panel installation. Many payment options are available that can fit virtually any budget. A new solar panel system can still be eligible for tax credits when financed. Homeowners can typically find financing options through a local contractor or installer.
If you feel like you don’t want to pay the full cost of a solar installation right away, then you can still take advantage of those great incentives through financing. The process is simple, and it’s usually very affordable.
SOLAR PANELS CAN BE INSTALLED ON EXISTING ROOFS
Are you unsure if a solar panel system can be installed on your roof? Don’t worry about it. Modern solar panels can be installed virtually anywhere. Installation usually consists of very small alterations to your existing roofing for cables and brackets. It’s important to work with a solar contractor who has roofing expertise. Doing so will ensure that the solar panels are perfectly fitted to your roof—without causing damage and future problems.
Your solar panels can seamlessly accent your home while being a great asset for generations to come. Installation from a qualified and licensed contractor allows for a seamless installation process and reliable work. Installs typically take 1-2 days to complete, depending on the project. Afterward, you will be charging your devices with the power of the sun before you know it.
SAVE THE ENVIRONMENT AND YOUR WALLET
Solar energy is clean energy. There’s no doubt about that. If you reduce your energy consumption burden on the world, then the environment is going to keep improving a little at a time. Making the switch to solar means more sunny days for your children to enjoy. It’s a helping hand to nature, and it’s a big hand full of money back in your pocket. Who could ask for more than that?