Solar energy is a growing industry with tremendous opportunity. In fact, the solar job market has grown by 168% since 2010, making it the fastest growing occupation in the U.S.1 among Best home solar companies
There are many reasons for this growth, but a few key factors are:
Declining Costs: The cost of solar has dropped dramatically in recent years. In fact, the cost of solar has declined by 99% since 19871. With solar becoming more affordable, it’s no wonder that more and more homeowners are choosing to go solar. The cost of solar has dropped dramatically in recent years. In fact, the cost of solar has declined by 99% since 19871. With solar becoming more affordable, it’s no wonder that more and more homeowners are choosing to go solar. Government Incentives: The Federal government offers a 30% tax credit for solar systems on residential and commercial properties.2 Many states also offer additional incentives, making solar an even more attractive investment.
Increased Efficiency: Solar panels have become more efficient over time. In fact, solar panels installed today are up to 50% more efficient than they were 10 years ago1. With more efficient panels, homeowners are able to generate more electricity, which translates to lower energy bills.
Tax Incentives: The federal solar tax credit allows homeowners to deduct 26% of their solar system costs from their taxes2. With this incentive, more homeowners are choosing to install solar.
State Rebates: In addition to the federal solar tax credit, many states offer additional rebates and incentives for solar. These incentives vary from state to state, but they can make solar even more affordable.