1. Electricity Savings
The key reason that most households convert their power source to solar energy is to cut down their electrical bill because the source of the fuel – the sun – is free. Residential electricity rates in South Carolina average 11/77 c/kWh, which ranks the state 19th in the nation. By converting your home or business to use solar energy, you can see significant savings in your electricity expenses. You will be absolutely to see the immediate change in your electric bills by going solar.
2. Clean Power
Typical electricity is generated from fossil fuel that will run out one day. We are primarily dependent on coal and natural gas to produce energy, which is terrible for our environment. Collectively, we should be concerned for our future quality of air and the quality of air for generations to come. Solar energy is a good alternative to replace fossil fuels, as the major energy source. It is renewable energy resources that isn’t depleted and that we receive at absolutely no cost.
The world pollution is getting worse. Any effort that can reduce the pollution to the environment helps to save the earth. Solar panels are able to harness the energy from the sun and convert it into electricity. Therefore, the use of solar panels is environmentally friendly. Solar should be our primary source of energy. We should all have the initiative to make a positive environmental impact.
3. Increase Your Property Value and Marketability
Solar electric systems increase the value of homes and commercial properties in several ways:
- They can reduce or eliminate the energy operating cost of the home or building. The system eliminates the effect of electric rate inflation.
- A solar electric system compares very favorably with other home improvements in the percentage of cost recovered. Often, a solar system can recover much more than 100% of its cost, and this percentage actually increases over time as electric rates increase.
- A solar electric system can also supply numerous intangible benefits that are valued by some buyers. Studies have also shown that solar homes in South Carolina sell 20% faster than non-solar homes.
4. Easy to Own
Solar has little to no maintenance required. Once your solar power system is installed, it can last 30-50 years without needing major maintenance. We recommend the system to be cleaned and checked once a year, just to make sure everything is performing as it should. Since it requires very minimal maintenance, your operations cost is minimal. We provide maintenance and operation services to any size client with a solar system.
5. Incentives Increase Your Return On Investment
Residential customers obtain a total of 55% in Tax Incentives from the Federal Government and the State of South Carolina when they install a Solar Electric Generating System. Combined with the electric savings, a homeowner can achieve an Internal Rate of Return as high as 9%, depending on system design and engineering requirements. Payback periods (cash purchase) can be between 7 and 10 years.
Commercial customers obtain a total of almost 75% in Tax Incentives from the Federal Government and the State of South Carolina when they install a Solar Electric Generating System. Commercial customers receive depreciation benefits to help offset the system’s costs. Combined with the electric savings, a business can achieve an Internal Rate of Return (IRR) as high as 9% or even higher, depending on the system design and the engineering requirements. Payback periods (cash purchase) can be between 5 and 6 years.