Residential solar is becoming increasingly popular throughout the U.S., and now that the winter cold has subsided, the spring is as good a time as ever to go green.
Spring is a time of renewal. Green leaves are returning to trees, flowers are beginning to bloom and the cold temperatures seem to be finally in the rear-view mirror. Spring is also a time when many people make home improvements. While some may be looking to invest in new decks or turn their garages into workshops, there is another home improvement that will inevitably lead to long-term savings down the road – a rooftop solar installation.
Why now is the time to go green
Energy bills tend to grow more expensive when the weather is more extreme. For instance, electricity rates spiked during the winter months when the multiple polar vortices swept across much of the U.S. and demand for conventional fossil fuels like natural gas and oil grew.
Now that the summer is approaching, a similar trend could occur once temperatures begin to heat up. Because so many people will be using their air conditioning systems, there is going to be a large amount of energy expenditure. This not only increases energy consumption in the home, but puts greater demand on the electric grid, which can sometimes lead to rolling blackouts.
Before these issues really begin to take hold, residential energy customers may want to consider finding a new solution so that high temperatures don't lead to high utility bills.
Solar a solution
Solar energy has been gaining steam in the U.S. electricity market. According to the Solar Energy Industries Association, the cost of solar fell about 15 percent in 2013, making it more affordable than ever. In many states, like Delaware, Connecticut and Massachusetts, there are programs in place that can help bring down initial investment and also provide further returns on investment through solar renewable energy credits.
By owning a solar installation, a homeowner can generate electricity independent of the utility, meaning that he or she is not subject to the price fluctuations that others may see. Also, the savings generated from not having to pay a monthly energy bill can work to pay off the price of the system. Further, in some states, each time a system generates one megawatt hour of energy, it earns an SREC, which can be sold on the open market to see more returns.
With greenery returning to much of the U.S., spring is as good a time as ever to invest in sun-generated electricity.