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Solar panels saving us from fossil fuels

Bob RobertsJune 21, 2018 370 0

Solar panels can save us from fossil fuels

Scientists and regular people alike are all racing to find renewable alternatives to fossil fuel. Luckily there are solar panels everywhere.

Fossil fuel used to be three times less expensive than solar panels, and now it is three times more expensive than solar panels. The solar electricity idea was first tried in 1954 by Bell labs scientists. The industry was non-productive at the time because the idea was just figured out.
 

The price of solar keeps dropping

By the 1980s everyone was skeptical if solar power would even be viable. But solar panels kept getting more and more efficient, and as more people took the first step to buy some solar panels, the price came down.

The price of solar panels keeps dropping because of Swanson's law, which has nothing to do with Ron Swanson. As the number of solar panels that are made doubles, the price drops in half.

In the past solar was too expensive, inefficient, and unreliable. It also needed strong government subsidies to help pay for it. Now solar is a lot cheaper and you don't need government subsidies to get some. Although there is a federal tax break that everyone who buys solar panels can enjoy.
 

The good news is there is help from the government

There are plenty of federal and state programs that can help homeowners offset the cost of installing solar panels. No matter what the cost or what state the homeowner lives in, everyone can save money on the cost of going solar.

The biggest incentive is the Federal Solar Tax Credit, also known as the investment tax credit (ITC) which allows you to deduct 30 percent of the cost of installing solar panels. That means for every $10,000 spent on solar panels there is a tax deduction of $3,000. This credit applies to both residential and commercial solar systems and there is no cap on the amount that qualifies for the tax credit. This is a big reason why both business and residential solar continues to get more popular year after year. 

If you want to move into the future and join the solar revolution, or if you want to find out what solar panels are right for you, go to HahaSmart.com and try our price checker tool. You can see how much a system will cost, and how much you can save over the next 20 years.

For more information relating to going solar, don't forget to visit our solar blog section for more handy guides and articles.

Solar system price checker

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