Climate change continues to be an evolving threat to the nonrenewable and fragile nature of the current energy system. As oil and natural gas continue to run out, countries are looking to modernize the energy system to be more friendly and compatible with renewable energy sources. Of the variety of clean energy alternatives on the market, solar power has arguably been the most market competitive and seen innovations that have accelerated its infiltration into the grid. If you are thinking about solar power New Jersey, here are some things to consider.
Solar Power is Sustainable
One of the great advantages of solar energy is that unlike traditional fossil fuels, it is a sustainable source of energy. Fossil Fuels have an approaching expiration date, whereas the energy from the sun is going to be around for the long haul. Investing in a sustainable energy source is a great way to help your utility bill and the environment.
Solar Energy Has a Low Environmental Impact
Compared with fossil fuels, solar energy has an extremely low environmental impact. The extraction and combustion of fossil fuels emit a large quantity of greenhouse gas emissions into the air which has extremely negative environmental impacts. In comparison, the production of solar energy is much more environmentally friendly.
Solar Energy Could Accelerate Global Energy Independence
One of the biggest drawbacks in the current energy system is the lack of competitiveness in the market. Since fossil fuels are nonrenewable resources they can only be extracted from countries that are rich in oil and natural gas, whereas solar power relies on the sun, a globally accessible resource. On a smaller scale, putting solar panels on your home provides you with power independent of the larger electrical grid.
Solar Panel Investors are Eligible for Tax Credits
One of the greatest perks of investing in solar panels is the tax credits available to investors. Federal tax credits are available to reduce the overall cost of installation and provide more incentive for solar investors. Additionally, residential solar panels could improve the value of your home.
Climate change is an increasing threat to the fragility of our energy ecosystem. As nonrenewable resources continue to deplete, the energy system will become more compatible with clean energy alternatives. Solar power is becoming more competitive in energy markets making it a great investment. From the environmental benefits to the tax credits available for investors, solar panels are a great investment in 2020.