The topic of solar is one with broad implications. We have the economics of solar and the environmental aspects of renewable energy. The economics can be felt from the home owner all the way up to the global economy. The environmental implications are of course global as well making the conversation of renewable energy not only one worth our time but one that warrants priority as it’s impacts are so significant and consistent around the world.
“Crumbling utility infrastructure nationally and in general unfavorable policy has led to annual rate increases that are far beyond income growth…”
One of the many reasons solar has grown in popularity is due to what many would argue to be runaway rate increases with local utility companies. With utility prices having nearly doubled in the last 15 years, the cost of utilities has not only pushed the expense almost outside of affordability but in doing so has brought much attention to alternative options such as solar. With decades of historic data to draw from, it’s easy to see and understand the risk ones incurs when relying solely on the utility company for their energy needs. Crumbling utility infrastructure nationally and in general unfavorable policy has led to annual rate increases that are far beyond income growth etc. making the ability to meet the cost increasingly difficult for families not only in the Unites States but around the world.
Through the influence of these powerful entities (the utility companies) they have been able to secure market monopolies and play key roles affecting legislation and policy, that have effected consumers in a multitude of ways. Utility bill payers have been stuck holding the bag paying for costs that many would argue to be unreasonable. Our rate increases are “justified” because of the upkeep of the grid which itself is digestible but also include sometimes arguably unnecessary grid expansion as well as super unpopular topics such as “guaranteed dividends” for share holders which is a hot button topic for something many nearly consider a right (access to affordable energy). This imbalance has not only drawn interest to a system that has broken down but created huge opportunity for industry to create alternatives. It is the above factors coupled with environmental necessity that is contributing to the influx of renewable energy options including solar that we see in the market today.
“The importance of adopting renewable energy is reflected in the economic policy of governing bodies from local to Federal levels…”
This a very loaded topic because beyond the economic necessities mentioned above, the environmental implications although less talked about are far more significant and costly than any amount of savings one could realize. The importance of adopting renewable energy is reflected in the economic policy of governing bodies from local to Federal levels all over the world with many governments offering huge tax breaks and more to bring attention and in turn an encouraging “push” to move humanity in the direction of cleaner energy.
Our Government here in the United States currently offers a 30% tax credit to those adopting renewable energy options. Considering the cost of solar, this is a clear indication of the importance the Federal Government is placing on renewable energy. The system of the past is devouring many finite resources and leaving it’s path pollution, global warming, the destruction of habitations around the world and many more sizable challenges that can no longer be overlooked and in fact, require immediate relief and attention.
The environmental and economic implications are huge and reaction to them, the difference between a healthy future as well as an affordable one. It is important we all take note of the lead of governments and experts around the world who are not only releasing factual data that cites the necessity of this shift to renewable energy but the massive economic concessions being made through things such as tax credits to add urgency and encouragement to the support of these causes. There are not many topics happening right now as important as this and it warrants our full attention and involvement.
“Today it is most common for one to convert their home to solar with no money out of pocket.”
As governments have introduced benefits to incentivize solar adoption and institutions such as banks have followed suite releasing loan products that allow people to make the transition simply with no money out of pocket, the once daunting conversion process, has now become relatively easy. Today it is most common for one to convert their home to solar with no money out of pocket. With no startup costs and monthly costs often times less than what ones utility bill was, someone can immediately find themselves saving money having converted to solar.
In addition, to the monthly benefits and incentives like tax credits discussed above, when one owns a solar system they now become insulated from rate increases which will lead to savings well into the thousands and in many instances, tens of thousands over the life of their system.
When one goes solar not only do they benefit from fixed costs and a higher level of protection from rate increases but their now directing their money into the value of their home as it is now equipped to produce its own energy. This impact on home value which studies are showing to be quite significant is further benefit/protection economically for the home owner.
Furthermore, solar energy has grown to be a respectable contributor to the United States economy as one of the largest contributors of new jobs. Regardless of what side of the fence you’re on, the growth of the industry cannot be argued and as demand continues to skyrocket so does the need for qualified professionals.
The big picture of solar is that this is a very important conversation to be apart of. We’re in a situation where how we have been doing things is no longer serving us and in fact, has gravely impacted the environment, public health and more. Special interests have polluted the industry and held consumers hostage to their policy. Through our reliance on these antiquated systems we are sending our money abroad strengthening economies other than our own. We have forfeited our independence to influences that have arguably exploited its consumers in favor of profits.
We now enter a time where that independence can be regained. We enter a time where control can be taken back and the profits can become our own. We can strengthen our economies. We can create jobs. We can give our country, state and town a higher level of independence from global special interests and localize our energy production. We enter a time were environmental necessity requires us all to be more conscious stewards of our planet and through solar energy we can do so in a way that leads to tremendous economic and environmental benefits.
We sincerely thank you for your time and hope we have at least created a spark worth learning more about.
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