Whether you believe on it or not, we are feeling the effects of climate change: killer hurricanes, dried-up rivers, Antarctic snow that is slowly melting… those kinds of things. At the same time, we are experience high utility expenses which eat up a large chunk of our budget. Given all of these issues, perhaps it is time to think of alternative ways to save money while utilizing our natural resource for good reasons.
One example is the use of solar energy. There are solar financing schemes available in Utah for those who want to invest in solar energy. Solar energy can also benefit all types of users — whether for residential, commercial, or industrial use. In other words, solar energy can be one of the best investments you will ever make.
Types of solar financing options
For one, a solar panel can be initially expensive but can yield saving in the long run. However, there are other solar financing options which can be easier and more affordable for interested users. Among these options include the following:
1. Solar loans or mortgages
One option to avail solar power is by getting out a solar loan or mortgage. For one, the US Environmental Protection Agency (US EPA) offers solar power loans courtesy of the Energy Star program.
2. PACE program
Short for Property Assessed Clean Energy program, this refers to a state’s solar financing program that enables interested users to loan the solar system’s cost. In return, the homeowner will pay the cost of the solar system via higher real property taxes.
3. Solar homes
If you are looking to buy a new home, you can search for one with a solar system already installed and ready to use.
Benefits of switching to solar systems
A solar loan is a great alternative as compared to buying the entire solar panel upfront or choosing to avail a lease. Simply choose the type of solar loan and the best deal available, and you can now avail a solar system. In addition, getting your own solar system means you can enjoy government tax credits, rebates, and incentives. Other reasons you should switch to a solar system include the following.
Using solar panels does not require the use of electricity or any man-made power sources. It also does not cause pollution and is easy to maintain as well. It also won’t emit loud sounds that can be annoying to the user and other people around.
Solar panels can also lessen your energy consumption, hence additional savings to your utility bills. You can also sell the unconsumed electricity back to the power grid and earn rebates. Solar power makes you less dependent on electricity and improves your overall financial state.
3. Easily accessible
With solar power, you won’t fear of sudden blackouts or sudden electrical shortages. Solar power is everywhere, and by using solar panels, everyone’s lives can be improved and enjoyed. It also creates jobs as well as create a positive impact on the economy and the community as a whole.