Solar energy systems have many long-term rewards in store for homeowners and business owners. What most people don't realize is that solar's benefits start the instant the system goes live and they only continue from there. The second your system is on, you'll start to see energy savings. Over time, this can eliminate utility bills. You'll also be doing your part to create a cleaner environment, as each minute that the solar system is on reduces greenhouse gas and carbon emissions. As a new or prospective solar system owner, here are some benefits that you'll enjoy with your new source of energy.
The cost savings produced by going solar are one of the top reasons why people choose to switch from traditional electricity. As of 2018, solar systems of all sizes are eligible for a 30% federal tax credit. The tax credit significantly shortens the system's payback period to about eight years. Add in other state incentives and the payback period is even less. Along with saving money through outside incentives, your solar system's power generation will cut down on your electric bill. A system installed by a Las Vegas solar company has a warranty of 25 years, which means it's guaranteed to produce a certain amount of power during that time. By the end of the 25-year period, the average customer will have saved nearly $60,000 in utility bills. Over time, your system may even produce surplus power. This means that you'll be able to use stored power on days that the system doesn't generate electricity. Depending on your utility provider, you might also be able to sell excess power back to the utility company.
Like most people, you probably want to do your fair share of improving the environment. You can certainly do this by recycling, composting and using less water. But having a Las Vegas solar company install a solar system creates even more environmental benefits. In the United States, the average residential solar system produces about 10,900 kWh of electricity each year. In the Las Vegas region, where there's abundant sunshine, that number is closer to 13,000 kWh. This offsets greenhouse gas emissions from two passenger vehicles, over three tons of waste and over 23,000 miles driven. Multiply that by 25 years, which is the average lifespan of a system, and the environmental benefits are tremendous!