There are countless benefits of installing solar panels in home and commercial buildings.
First let us see what a solar panel is? They are packaged collection of photovoltaic cells for generation and collection of electricity from solar energy. They are used in both commercial and residential buildings. The entire system consists of a collection of solar panels, solar tracker, battery or inverter and wiring. They convert light energy from sun to electricity through photo-voltaic effect. The working functionality of solar based electricity is as follows. On sunny days, when the panels receive more light energy, they generate more electricity than what is needed. The additional energy is transferred to the electric meter through your grid, thereby crediting your meter. This additional electricity is provided to you by the company on cloudy days and at nights.
The Advantages of Installing Solar Panels and Solar Energy
There are so many advantages of such energy when compared to the conventional form of electricity. The major advantage is that they are renewable and clean. The other sources of energy may someday get depleted. Coal, natural gas and oil are the fossil fuels which are used for the production of the current electrical energy. Price rise and environmental problems are the other disadvantages. But the solar energy never gets depleted and is very cost-effective. The carbon footprint is reduced by the continuous usage of solar power. The emission of greenhouse gases is reduced and the wastes produced as by products are controlled.
Benefits of Installing Solar Panels for your home
Apart from assisting the nature with so many benefits, solar energy also gives the users with financial benefits as well. The commercial applications are more profited with the installation and use of solar panels. Power generated by one 250 KW of solar panel is equivalent to almost 2500 bulbs and can provide electricity to over 30 homes. This reduces the electricity costs. The state of New Jersey offers so many rebates and incentives for those installing solar panels in their homes. One such incentive is the 30% tax investment credit. Several depreciation benefits are also provided for the business organizations. The owners of solar systems will get exempted from sales tax for the systems, which will otherwise add 7% to the total cost. Along with the above, the local property tax is also 100% exempted. Apart from these, the owners of solar systems can sell the Solar Energy Renewable Credits (SREC) for an equivalent income. Solar Energy Renewable Credits are provided to the owner of the solar system, whenever the panel generates 1 MWH of electricity. All the companies that provide installation and maintenance will assist in all the paper works needed for obtaining the above incentives and benefits. The electricity rates are being increased time and again with an expensive future ahead. With such problems, it is better to go for reliable and cheaper solar energy.
All the above benefits along with so many reward programs such as NJ Sales Tax Exemption and New Jersey Property Tax Exemption for Renewable Energy Systems provided by the government, New Jersey is leading the country in the number of systems installed in the first quarter of this year. The records say that a total of more than seventeen thousand solar systems has been installed throughout the state as of August 2012, making New Jersey the second largest in the country, only next to California. With so many advantages and financial benefits, it is time for everyone who has not yet installed solar electric systems to get converted. There are so many companies in all the counties of the state providing quality and reliable solar panel services to the customers. Get the best solar panels for your home now.