short- term and long term implications of solar energy
Answers
Explanation:
Solar energy solutions grant both short and long term benefits to those that choose to implement them.
Decreased dependency
One of the most important benefits of solar energy is a decreased dependency on oil, gas, or grid electricity. Of course, a lot of how much you can reduce your dependence has to do with your specific type of solar installation. Some installations are suitable as backup energy and some can run a device or two. But, more efficient (and expensive) installations can power an entire home and then some. Extra energy can be sold back to your local utility company so that you are actually receiving a check in place of a bill each month.
Increased home value
Another immediate benefit of solar comes with increased property value. The second you add a solar solution, you increase the value of your home. This is another benefit that is important in the short term when evaluating the equity you have in a home but will pay dividends in the long run if you decide to sell your home.
As the cost of other energy producing fuels go up, so too does the value of the building that has solar power already built in. It’s also important to note that solar is not taken into account as a taxable home improvement project so you are increasing the value of your home without increasing your property taxes.
Free Money
Maybe not free exactly, but there are many local, state, federal, and third-party programs out there for those that make a choice to install a solar solution. These programs come in the form of tax breaks, rebates, grants and credits. You can find out more about the best benefits in your state by talking to a local solar provider.
What You Get Over Time and in the Future
Explanation:
Short-Term Benefits of Solar Power
One of the greatest and most immediate benefits to using solar power is not having to worry about running out. Solar energy is renewable, so every day with at least moderate sunlight your solar energy system is storing energy for future use. Especially for those who are used to having to refill fuel tanks for heat, going solar means no longer having to monitor your fuel levels or spend hundreds of dollars several times per year on fuel costs. It also means reducing your carbon footprint that much more since you’re not regularly burning fossil fuel for heat.
Long-Term Benefits of Solar Power
If your solar energy system can provide more energy than what you need to power your own home, you could actually receive a check rather than a bill from your local utility company drawing the excess energy from your solar panels. When a utility company negotiates with you to pay you for the extra energy you’re producing, it’s called net metering. Over time, this could add up to be a significant amount of money and would allow your solar power system to pay for itself eventually.