How Much Can I Save with Solar?
If there’s one resource that Hawaii almost has too much of, it’s sunlight. While other forms of energy are scarce and expensive for residents on Oahu and Kauai, sunlight shines down on us abundantly throughout the year. By switching your home or office to a solar power system, you can harness the Sun’s energy to help you save money on air conditioning, lighting, and everything else you use energy for night and day.
3 Ways Solar Power Can Save You Money
1. Reduced Energy Bill
When you install a solar power system in your home or office, you can expect your monthly power bill to be significantly reduced. The precise amount you save will depend on the type of solar power system to choose to install. For example, whether or not your system has a battery available for storing converted power will affect whether you can continue using solar power during the night or on cloudy days and result in you either saving more or less on your monthly bill.
2. Selling Power to the Grid
Solar power systems that generate more power than you’re able to use enable the owners to sell their excess power back to the local grid. This means you could end up making money on your monthly power bill, rather than owing money.
3. Tax Credits and Incentives
Depending on whether you choose to purchase or rent your solar power system, you might qualify for federal tax credits through the investment tax credit (ITC) program, which is also called the federal solar tax credit. With this credit, you could be eligible to deduct up to 26% of the total installation costs.
Additionally, Hawaii offers a variety of tax incentives for homeowners and commercial property owners who harness solar power.
Get a Free Consultation to Find Out How Much Solar Can Save You
The exact amount you can save with solar depends on several factors such as available roof space and how much sunlight you receive each year in addition to how much energy you use on a daily basis and the type of solar power system you choose to have installed. Additionally, how you decide to finance, lease, or purchase your home’s solar power system will also affect the amount you ultimately save by switching to solar.
Regardless of what you save, your investment in solar energy will pay off in the long run. You and our community will benefit from having the ability to access a more reliable, sustainable source of power.
To find out more about how much you can save by switching your home or office to solar power, contact STI Solar, Roofing & Air Conditioning for a free consultation today.