The Economic Benefits of Solar Energy

the economic benefits of solar energy

Today, the economic benefits of solar energy can be understood by many property owners; but it wasn’t always this way! Many forms of technology undergo an evolutionary process. It happened with computers, phones, and TV. 

New technology is usually large, inefficient, and expensive. Over time, it becomes more compact, efficient, and affordable. Solar energy has followed this trend and has proven to be a remarkable and affordable tool in the search for clean, sustainable energy. 

Consider the past decade. In 2020, the United States utilized over 13 times more solar energy than it did in 2010. Much of this concerns solar energy becoming more affordable to the average person or business. Here’s why solar energy has become more inclusive and economically viable for consumers. 

The Economic Benefits of Solar Energy – Policies and Rebates

For many years, solar energy was cost prohibitive, which meant the expense of ownership was too great to justify its use. Even so, new policies have made solar panels more affordable. For example, a federal tax credit lets homeowners write off 26% of their solar installation costs. 

Many local city governments in Texas also offer rebates on solar energy installation. Utility companies frequently offer solar net metering, which allows homeowners and businesses to generate their own electricity to offset grid-supplied electricity costs. 

-Learn About The Benefits of Belonging to a Solar Co-Op!-

The Economic Benefits of Solar Energy – Savings Over Time

Many homeowners see solar energy as an investment. They may pay an expense upfront, but their solar array saves them money over time and can even earn them money too.

Depending on several factors, you may be able to pay off the cost of your solar array in ten years or less. In an article featured on Greenlancer.com, Allison Ruedig writes, “Most Americans’ solar panels now pay for themselves in seven years.”

The Economic Benefits of Solar Energy – By the Numbers

The numbers will vary, but most estimates find that a homeowner can save about $1,500 per year since solar panels can last up to 25 years or more. If you add it all up, that’s $37,500 over the lifespan of a solar panel array. When you deduct the average initial installation cost, there’s still a lifetime of savings of $20,000 or more!

Remember that you’ll need to include solar panel maintenance costs into your savings. Even so, having solar panels can increase the value of your home. Under Texas law, you won’t have to pay property tax on the increased value of your home caused by your solar panels, and this is called the Solar Energy System Property Tax Exemption.

Sunshine Renewable Solutions is the premier Houston solar installer and one best solar companies in Texas. We’re a residential and commercial solar company that’s happy to answer any questions you have about the economic benefits of solar energy. 

Contact us to learn more about solar installations!

Texas Plastic

Sunshine Renewable Solutions to Help Formosa Plastics of Point Comfort, Texas, Achieve Sustainability Goals

Formosa Plastics is a major producer of polyethylene, polypropylene, and polyvinyl chloride resins, which are widely used in various industries worldwide. Recognizing its role in environmental stewardship, Formosa Plastics sought to collaborate with a reputable sustainability consultant who can provide solutions to reduce its impact on the environment.

Sunshine Renewable Solutions is a leading sustainability consulting firm that specializes in renewable energy and environmental sustainability. The company has a team of experts who help clients identify opportunities to reduce energy consumption, lower greenhouse gas emissions, and implement sustainable practices through solar power.

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Sunshine Renewable Solutions proudly partners with a leading Texas-based plastic manufacturer, embarking on a groundbreaking initiative to fortify its commitment to sustainability.

By integrating solar energy solutions, we're revolutionizing their environmental impact. Our collaborative efforts aim to construct a robust solar infrastructure, harnessing renewable energy to power their operations efficiently.

Together, we're spearheading a transformative shift towards renewable practices, demonstrating how solar power can drive industrial progress while prioritizing environmental responsibility. Sunshine Renewable Solutions is honored to work hand-in-hand with this industry leader, fostering a brighter, greener future through the strategic implementation of solar energy solutions.

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Creating The Foundation

As the foundational step in our partnership, the construction of concrete piers for the solar panel structure marks a pivotal milestone in our solar energy initiative. These concrete piers serve as the bedrock of support for the entire solar infrastructure, providing stability and durability essential for the efficient functioning of the solar array.

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Precision And Accuracy Are Paramount

Our engineering team meticulously plans and designs the layout of the piers, ensuring they are strategically positioned to uphold the solar panel array's weight and withstand environmental factors such as wind and inclement weather. We adhere to industry standards and best practices to create a robust foundation that guarantees the longevity and resilience of the solar installation.

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A Solid Foundation

Environmental considerations are taken into account throughout the construction process, ensuring minimal disruption to the surrounding ecosystem. Our commitment to sustainability extends beyond energy production to encompass responsible construction practices.

By establishing these concrete piers foundations, we are ready to start Phase 2, erecting the metal support bars. Enabling the subsequent installation of solar panels will power the plastic manufacturer's operations while significantly reducing their carbon footprint.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

Slide
Follow The Build

Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

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