short- term and long term implications sof solar energy
Answers
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
home solar energy
Via Modernize.com
When you install solar energy in your home or business, you are making an investment. While the short-term benefits are nice, you invested in the many long-term benefits as well. Eventually, the solar system you use can even pay for itself – talk to your solar contractor about this and they can usually calculate the amount of time it will take for your solar addition to break even.
Your home value will continue to climb and even if home values fluctuate, yours will always stand just a little bit higher than others without solar because even if home values in your neighborhood aren’t increasing, the cost of energy probably is. mark me brainliest and follow me