The Power of Going Solar

THE POWER OF GOING SOLAR The solar industry continues to shine... and for good reason. The benefits are too compelling to ignore. 1 hour of energy from the sun DID YOU KNOW. 1 year of power for the entire world There are over 20,000 megawatts of cumulative solar electric capacity operating in the U.S. That's enough to power over 4 million homes. That number is expected to double over the next two years. 2x Solar is Good For Business Since the Solar Investment Tax Credit (ITC) was implemented in 2006, the cost to install solar has dropped by more than 73%. Businesses can reduce operating costs, increase revenue by selling solar credits, receive tax deductions and incentives, and increase property value. Hawaii is known for high electrical bills. That's because it's the only state that still burns oil to generate most of its electricity (about 70%), versus 1% for the entire U.S. Not surprisingly, the state has made a major solar push, with over 12% of citizens using rooftop solar panels (20 times the national average.) Financial incentives include: Low or no Personal Tax Credit interest loans 0% State Rebate 35% $750 The fast solar conversion in Hawaii has come with challenges, but many residents are willing to be patient. Over a 20-year period, solar power can save you tens of thousands of dollars, with the highest being in Hawaii at nearly $65,000 on average. The future is bright! Sources: http://web.mit.edu/professionalishort-programs/courses/solar_energy.html http://cleantechnica.com/2013/11/25/15-solar-facts-know/ http://www.seia.org/research-resources/solar-industry-data SUNMOD www.sunmodo.com