Improved Solar Affordability And Incentives Make It Easy To Switch Now

The price of carbon-based fuels like crude oil, coal, and gas oil continue going up, straining budgets. Savings achieved by switching to solar energy continue increasing as a result. Moreover, governments are assisting people to make the switch to solar. They have introduced a range of measures to improve solar affordability and incentives and in that way encourage the switch to solar. The move is also a positive for a cleaner, greener environment. Finally, it can assist national security because it reduces dependence on oil imports.

Both national and state governments extend incentives. The range of incentives is very large. In the USA, the federal 2005 Energy Bill was a landmark piece of legislation that provides significant benefits for people installing solar systems. It established a 30 percent residential energy credit for solar for two years capped at two thousand dollars. At the regional level, sun states like California, Texas and Florida are leaders in offering incentives.

A specific case study may be helpful for readers. In Florida, a homeowner installing fifty or sixty thousand dollars worth of energy product can expect to receive tax credits and rebates valued at over fifteen thousand dollars. The precise amount will depend on the particular products installed. Solar water heaters, a solar pool heaters and solar power (photovoltaic) systems attract particularly strong incentives.

The federal government offers tax incentives for the purchase of solar photovoltaic systems that generate electricity and solar water heaters. At the state level, Florida provides rebates on the purchase of solar water heaters and pool heaters. Arrangements vary from state to state.

Subsidized finance is also provided. Green loans at government subsidized rates are available to support purchase of solar products. Fannie Mae allows home owners to roll-up the purchase price into their home mortgage loan. This allows the homeowner to finance the purchase at a home mortgage interest rate rather than a higher interest rate applying, for example, to a personal loan.

Switching to solar products can be a big boost for the environment. For example, installing a solar hot water can decrease carbon emissions of the average sized household by about 1 ton each year, (the actual figure will vary depending on the fuel source of the existing heater). This is equivalent to the carbon emitted by a petrol car driving 10, 000 miles.

In summary, the switch to solar energy products is firmly underway by homes and businesses alike. Solar affordability and incentives offered by national and state governments assist the switch. The environment is better for it.

At Solar Systems USA, we are convinced that the call to change from fossil fuel dependency is not just the duty of governments but for us all. Our website has products and information to get you started on this noble cause.