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Policies in Favor of Rooftop Solar Growth
November 10, 2016 | Posted by: Rich Price
There are more than enough reasons for people to make the switch to clean energy sources like solar energy. It is a means of saving the environment while keeping your electricity bills to an all-time low. In fact, there are already policies in place that push solar growth. In particular, the solar roof business is really thriving with various government policies on their side.
Government support, as well as the very reliable sun’s power, only make solar growth rapidly increase and solar panels even more attractive to both consumers and to entrepreneurs. Know the pro-solar roof government policies and read on.
Here are the different U.S. policies that directly affect solar growth…
The Residential Net Metering
By a very close vote of 2-3, residents with solar panels are now allowed to sell their excess power at the full utility rate. In return, they have to pay a fee amounting between $75 and $150 to connect them to the grid. This way, their excess energy can be transferred back to the grid. They would be compensated according to the amount of energy they “sell” to utility companies. In some way, this is a passive income of sorts that highly benefit solar roof owners.
Tax Incentives and Subsidies
In order to encourage more people to switch to clean energy alternatives like solar energy, all clean energy technology users including solar roof owners are entitled to 30% federal tax credit. Aside from that, most states offer tax credit for everyone who will purchase green technologies. Some municipalities with property-assessed clean energy (PACE) programs are even financing purchases of solar-powered systems.
Solar Carve-outs
Some states require utility companies to invest in solar energy, giving solar roof owners an additional avenue for making moolah. Renewable electricity standards may also oblige them in redistributed generation of energy.
Value-of-solar Tariffs
Aside from the obvious value (electricity) that solar energy provides, some states also offer compensation based on other factors. Giving excess electricity from your solar rooftop to the grid provides power instantly. Moreover, solar systems also delay or even avoid system upgrades, saving utility companies lots of money. Environmental benefits of making the switch to go solar are also taken into account through the value-of-solar tariffs. Solar Carve-outs
Some states require utility companies to invest in solar energy, giving solar roof owners an additional avenue for making moolah. Renewable electricity standards may also oblige them in redistributed generation of energy.
Value-of-solar Tariffs
Aside from the obvious value (electricity) that solar energy provides, some states also offer compensation based on other factors. Giving excess electricity from your solar rooftop to the grid provides power instantly. Moreover, solar systems also delay or even avoid system upgrades, saving utility companies lots of money. Environmental benefits of making the switch to go solar are also taken into account through the value-of-solar tariffs.
Solar roofs are a common choice especially for residential owners as they are quick, easy, and convenient. Most of the policies mentioned are aimed towards homeowners, so the increase in revenue of many solar companies can be credited to solar roofs.
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