What could you do with the solar offset electrical cost savings each year?
Solar panel systems installed in your home or business can not only help the environment but can substantially offset your utility and operating costs.
Substantial federal and state rebates and incentives are available for your home and business’s solar purchase and installation. After installation, there are various ways you can save on your utility bill, including net metering, energy offset, and battery storage. You may also experience an increase in your home and business’s worth.
Every solar project at Thompson starts with an understanding of your needs, a comprehensive energy audit, a consideration of available rebates, and an investment ROI. Whether you want solar for your home or business, Thompson will develop a solar system that works for you.
Reasons why adding solar to your home and business is beneficial:
Reduce Energy Costs for your home and business. – When you are offsetting your energy costs for your home and business, it can change your financial forecast. A facility could potentially offset all electrical costs, freeing up capital for operations and growth.
Federal grants, tax incentives, and rebate programs help with initial costs. – Currently, the federal tax credit is a 26% tax credit for systems installed in 2020-2022, A 22% tax credit for systems installed in 2023.
Net Metering is another opportunity to offset costs and earn money back. – You can sell the overproduced energy back to the utility company often resulting in a credit on your utility bill. Thompson will help you find the best solution for your project.
Solar Powered Battery Storage – Solar panels create energy daily; your solar panels will produce so much that you may have more than you need. Battery storage helps store power you are overproducing for later use.
Solar energy produces no air, water pollution, and greenhouse gases. – This is a huge benefit to not only your neighborhood but also your community.
Solar panels can increase the value of your home by up to $25,000! – A solar system helps offset your energy costs, and it also brings more value to your home and property.
Renewable clean power is available every day of the year; even cloudy days produce some power.
Decreasing solar energy costs makes it easier for home and business owners to utilize solar energy.