Resource assists homeowners with solar energy decisions

Residential solar energy is booming. According to the Solar Energy Industries Association (SEIA), residential solar installations grew 30% from 2020 to 2021. The increase is partially due to the cost of solar panels becoming more affordable.Over the last decade, the cost of residential solar systems has dropped 64% according to the National Renewable Energy Laboratory. The Inflation Reduction Act, which extends the Investment Tax Credit for another 10 years and increases the tax refund from 26% to 30% of the costs of the solar installation, is expected to cause solar costs to fall even more.When deciding whether to install solar panels, home and business owners should consider their average monthly electricity usage, the amount of sunlight the structure’s roof receives, and whether there is a local net-metering policy. All of these factors determine the amount of…

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