The City of Los Angeles is the second largest city in the United States. Its large population requires a vast amount of electricity in order to meet each residential and business owner’s needs. Finding alternative energy sources helps to meet the electrical demand of the large L.A. population. Converting several residential and business buildings to solar power in Los Angeles may provide a return on investment in multiple ways.
Reasons to Switch to a Solar Power System in Los Angeles
Many people decide to switch to solar power for both personal and economic reasons. However, because solar power is basically made by the conversion of sunlight into electricity, a lot of people believe that solar power is not an option for them due to local inclement weather.
The sun does not have to be directly shining on the panels in order for their system to function properly. Even on cloudy days, the solar panels will still generate electricity, allowing residents and business owners to use the converted energy for heating, cooling, lighting and other electrical needs. For those who still hesitate, here are 6 reasons to switch to solar power systems in Los Angeles.
1. Monthly Savings
Many individuals do not realize that the installation of solar panels provides substantial monthly savings. Those who switch to solar energy will begin to see the return on investment immediately, because monthly savings will appear in the first utility bill after the solar power system installation. Under some circumstances, the solar power panels used by Los Angeles citizens & businesses may actually generate enough electricity to completely eliminate the monthly utility bill.
In addition to monthly savings, solar panels also help to fight against the rising costs of electricity. Many utility company rates will probably rise in the future, but with the installation of solar panels, owners pay for the equipment, which is a fixed price, not for the energy itself. So, converting a building to solar energy protects its owner from future rises.
2. Earn Money
Under the Renewable Portfolio Standard (RPS), energy companies must obtain a percentage of their electricity needs from solar generators. In order to meet the conditions of the RPS, a residential or business owner may be able to sell them the excess energy from their solar panel system. By being attached to the local energy grid, the solar panels may actually generate a cash refund or utility credit to their respective owner. Making extra money is a strong reason to invest in solar panels, because the initial investment in the solar power system will eventually pay for itself.
3. Environmentally Friendly
Everyday, media outlets report the devastating effects of pollution on the planet. Since solar panels produce energy without harmful emissions into the atmosphere, solar power is a clean and renewable energy alternative for Los Angeles. By installing solar panels, building owners are making the environmentally conscious decision to create a better tomorrow for themselves and the following generations. Every small effort to reduce harmful emissions has a lasting impact on the environment.
4. Increases Property Value
The installation of solar panels increases the value of the property. Indeed, potential buyers will pay more for a property equipped with solar panels systems, as this reduces the monthly utility costs. Even when the owner decides not to sell, the solar panels will increase home equity.
5. Minimum Maintenance
Solar panel systems require little maintenance. The durability of the solar panels allows the property owner to enjoy the benefits of the system without having to worry about continuous maintenance or upgrades. Considering this, installing solar panels is a long-term investment. After the installation process, the solar panel owner can just sit back and enjoy the many rewards of the system.
Installing solar panels may come with extra incentives for the owner. Indeed, federal, state and local tax credits are available. Each credit can help a lot during tax season. In addition, depending on the chosen solar company, some discounts and other incentives help to increase potential savings. Researching and discussing the incentives with the solar power company will allow new owners to maximize the benefits of their investment.
Investing in solar power systems provides many financial benefits for Los Angeles building owners and citizens. Each individual has his reasons for the acquisition of solar systems; many want the monthly savings on electricity bills, others want to do their part for the environment. Whatever their true motivations are, moving away from fossil fuels and mass adoption of renewable energy sources is all that matters.