Residential – The benefits of solar power installations for homeowners

Not so long ago, the use of solar power was nothing more than the trendy thing to do. Today, however, it is becoming more mainstream by the day, as people worldwide are discovering the cost savings involved.

As the cost of the average American’s utility bills rises faster than the rate of inflation, it simply stands to reason that homeowners would seriously consider making the transition.

There is also a separate group of homeowners who are exploring solar power for a different reason. The people in this group simply want to do their part in our country’s effort to support new and better alternative energy sources.

Unquestionably, the advantages to the homeowner and the environment are significant.

Of course, the initial costs are also significant. That said, there are many tax rebates and incentives made available to help defray some of these costs. 

Though it varies from home to home (and, of course, system to system), as a general rule experts estimate it take approximately 10-15 years to reach the break-even mark. After those years are gone, it’s literally money in the bank for those who have these systems!

Additionally, in many states the homeowner can sell his unused electricity back to the power company (at the full retail price), thereby reducing their costs even further.

Here in Hawaii, Solar Panels have great tax incentive by the state and the federal program, this may even bring down the break-even mark to 2~3 years in some instances.

As a result, a solar energy system can be a very savvy investment for many homeowners. They understand that they are protecting themselves against rising utility costs by producing their own, cost-free power; and that they are protecting the environment and increasing the value of their homes – all at the same time.

In a manner of speaking, it’s homeowners taking the power away from the utility companies!

If there is one state that will make sense to put in Solar Panels, Hawaii will be the one!

Commercial – Why commercial businesses are investing in solar power

The cost of energy is constantly on the rise. In fact, over the last three decades the cost of the average American’s utility bills has gone up 6.7% annually. Worse yet, there appears to be no immediate relief in the future. Experts surmise this percentage will grow to an even higher number due to infrastructure enhancements and government legislation.

It is no wonder that many business owners are beginning to seriously consider the concept of solar energy. They realize that it is an investment that, over time, will more than pay for itself because of the savings the business would realize each month.

By owning their own power plant, so to speak, a business is then able to significantly lower their energy costs, thereby giving them a distinct, ongoing advantage over their competitors who are not equipped for solar power.

There is even more good news for those who believe solar might be the perfect solution for their companies! Because of rebates and incentives that are available (these vary widely depending upon the location of the business), a company could immediately see even more of a return on its investment than its owner might have initially realized was possible – making the installation of solar even more cost-effective.

Best of all, not only will you realize a significant cost savings, solar-powered companies can feel good about themselves because they are contributing in a big way toward our nation’s efforts to reduce harmfull greenhouse gases.

Companies large and small all across America are already enjoying the benefits of their solar energy system, including greatly reduced utility costs – not to mention the immediate added value to the company’s worth!

If you own a company, you owe it to yourself to take a very serious look at converting your business over to solar power for your business and for Hawaii. The small amount of time you spend researching solar power (and the best company to do the installation) could very well be time well-spent that saves you big for many years to come.