Stepping into 2024, the adoption of solar energy continues to be a compelling choice for homeowners and businesses in Sacramento. In this blog, we’ll explore the top reasons why going solar is not just a trend but also a financially beneficial option toward a sustainable future.
As of January 1, 2024, PG&E implemented a 13% increase in power charges. This rate adjustment, expected to impose an additional $33 monthly burden on the average family, is designated to fund initiatives such as burying power lines and other measures aimed at wildfire mitigation.
However, this increase appears to be merely the initial step in a series of adjustments. PG&E has submitted documentation to regulatory authorities seeking approval for an additional $14 monthly increase, effective March. This subsequent adjustment is intended to cover costs associated with storm repairs and further wildfire mitigation efforts.
Embracing solar energy presents a significant opportunity to alleviate the burden of utility costs. By using a solar energy system to generate electricity on-site, Sacramento homeowners and businesses rely less on PG&E and as a result, energy bills are reduced.
In addition, net metering allows homeowners and businesses with solar panels or other renewable energy sources to be connected to the grid to receive credit for the excess energy production. At the end of a billing period, the consumer is billed for the net amount of electricity consumed, which takes into account both the electricity drawn from the grid and the excess energy supplied to the grid. This often leads to a reduction in electricity bills, as consumers are credited for the surplus energy they contribute.
Being able to produce electricity at the point of use, solar energy systems enable individuals and businesses to reduce their greenhouse gas emissions and reliance on centralized power grids and fossil fuels.
Unlike traditional power sources that may be susceptible to extreme weather, solar power systems can continue to generate electricity, even in adverse conditions. Bolstered by a solar energy storage system, solar systems remain an energy source during grid outages or emergencies. This capability is essential for businesses and residential buildings, ensuring uninterrupted power supply even when the grid is unavailable.
Increased Property Value
Another benefit of solar panel installation is an increase in property value. The added appeal of reduced energy costs and environmental sustainability can make a property more attractive to buyers and tenants. In 2024, this financial benefit adds another dimension to the overall value of going solar.
Incentives To Reduce The Initial Cost of Installing Solar Panels
The Investment Tax Credit (ITC) provides a 30% federal tax credit to the entire cost of a solar photovoltaics (PV) system. This comprehensive cost calculation encompasses equipment, installation and any associated sales taxes. The Inflation Reduction Act has solidified this percentage at 30% for the coming decade.
Choose Aztec Solar for Your Sacramento Solar System Installation
There are many solar energy advantages in 2024. It’s a strategic investment in a sustainable, cost-effective and technologically advanced future.
Aztec Solar stands out as an excellent choice for solar installations in Sacramento and beyond due to our commitment to delivering cutting-edge technology, unmatched expertise and a proven track record in the solar industry. With a legacy of over four decades, we’ve consistently demonstrated innovation and reliability in providing commercial and residential solar energy systems. Our team of highly skilled professionals ensures a seamless installation, leveraging the latest advancements in solar technology.
Our focus on customer satisfaction, coupled with a comprehensive understanding of the evolving solar landscape, positions us as a trusted partner for those seeking cost-effective, efficient and environmentally conscious solar solutions in 2024. Contact us today to get started.