Living in Nashville, Tennessee, you might have noticed a growing trend: more and more homes and businesses are being equipped with solar panels. This is not surprising considering the numerous benefits that come with solar energy, especially when it comes to reducing your energy bills.
Solar panels work by converting sunlight into electricity. During the day, these panels absorb sunlight and convert it into direct current (DC) electricity. An inverter then changes this DC electricity into alternating current (AC) electricity which can be used to power appliances in your home or business. The beauty of this system is that any excess power generated can be sent back to the grid, essentially turning your electric meter backwards.
By installing Industrial solar panels for sale in Nashville, you can significantly reduce or even eliminate your monthly utility bill. How much you save will depend on several factors including the size of your solar power system and how much electricity you use. On average though, homeowners who switch to solar energy see their energy bills drop by 50% to 90%.
In addition to saving money on your monthly utility bill, there are also financial incentives available for going solar in Nashville. The federal government offers a tax credit equal to 26% of the cost of installing a new solar panel system until December 31st,2022.This credit applies directly against taxes owed meaning if you owe less than what the credit is worth; it carries over until all has been claimed.
Furthermore, TVA’s Green Power Providers program allows homeowners and businesses who generate their own renewable energy from systems like photovoltaic (PV) arrays – another term for a collection of solar panels – sell all generated output back at retail rate plus premium for first ten years.
It’s also important to note that while there may be an upfront cost associated with installing solar panels on your property in Nashville , most people find they recoup this investment within five to seven years through lower utility bills and various incentives . After that, the energy produced by your solar panels is essentially free.
Another major advantage of solar panels is they increase property value. Homes equipped with solar power systems are often worth more and sell faster than those without. A study conducted by the National Renewable Energy Laboratory found that homes with solar panels sell 20% faster and for 17% more money.
In conclusion, installing solar panels on your property in Nashville can greatly reduce your energy bills while also increasing the value of your home or business. With various incentives available and the potential to recoup your investment within a few years, there has never been a better time to go solar in Nashville, Tennessee.
Green Wave Solar
231 W Rutherford Blvd, Murfreesboro, TN, 37130
615-237-1737
