4 Reasons to Get a Solar Panel Roof in 2021
2021 is a great year to move forward with a solar panel roof for your home in Rochester, NY. After a long, difficult 2020, it’s time to catch some sun in 2021! The experts at Oaks Construction have four great reasons why you should call us for solar panel roofing this summer.
Reduce Your Carbon Footprint
Renewable energy, such as solar, is good for the environment. Solar produces no gas emissions, so it doesn’t release pollutants into the air. Solar power is not dependent on fossil fuels — it uses electrons from the sun’s energy. The photovoltaic cells in solar panels absorb particles of light from the sun, which knock electrons free from atoms to create electricity. It’s pure, clean energy from the sun.
Reduce Your Energy Bills
Electricity is expensive. Just look at your last energy bill! According to Electric Rate, in NY the average electricity rate is 14.34 cents per kilowatt. The US national average is 10.53 cents per kilowatt. A solar panel roofing system will decrease or eliminate the cost of electricity in your home.
Once your solar panel roof is installed, you’ll be protected from future energy price hikes!
Receive Tax Credits and Incentives
New York State offers a tax credit to those who purchase solar energy equipment for the purpose of heating, cooling, hot water, or electricity for residential use. This credit covers 25% of your solar energy equipment, up to $5,000. Simply complete the IT-255 claim form to receive your tax credit.
In addition to the New York State incentives, there is also a federal solar tax credit. The Investment Tax Credit (ITC) allows you to deduct 26% of the cost of installing a solar panel roof from your federal taxes. There is no cap. Just use Form 5695 for residential energy credits.
Increase the Value of Your Home
Your home is probably your largest investment. With federal and state tax incentives and substantial savings on your energy bills, it’s likely that you’ll pay off your solar panel roofing system within seven to eight years if you finance it. Once it’s paid for, you’ll see an ROI of 20% or more.
You’ll also find, if you are selling your home, that buyers across the US will pay approximately $15,000 more for a home with an average-sized solar array. The amount will vary depending on where you live, but buyers will pay a premium for a solar system. As people learn more about the benefits of solar, the demand for solar panels on homes will rise.
Oaks Construction is a GAF Solar Elite Contractor. We provide expert installation of solar panel roofs throughout the Rochester, NY, area. Call 585-247-OAKS to find out more about solar roofing today!