Solar Panel Savings

Los Angeles, California is known for its sunny skies and warm temperatures, making it an ideal location for harnessing solar energy. In recent years, solar energy has become a popular and cost-effective alternative to traditional sources of energy, such as coal and natural gas. With the increasing demand for sustainable energy solutions, it makes sense for Los Angeles residents to consider solar energy for their homes and businesses.

solar energy in Los Angeles
Solar energy in Los Angeles makes sense!

Cost Savings

One of the biggest advantages of solar energy is its cost savings. Although the initial investment in a solar panel system may seem high, it pays off in the long run. There will usually be significant reductions in monthly electricity bills. Furthermore, the price of solar panels and installation has decreased significantly in recent years. L.A. solar energy has become even more accessible and affordable. With the help of tax incentives and financing options, the cost of solar energy is becoming more and more manageable for the average consumer.

Environmental Benefits

Another advantage of solar energy is its environmental benefits. Solar panels do not produce greenhouse gases, air pollutants, or other harmful emissions. This means it’s a clean and renewable energy source. By using solar energy, Los Angeles residents can reduce their carbon footprint and help to mitigate the effects of climate change. Additionally, solar energy is a reliable source of power, reducing the dependence on non-renewable energy sources and the need for energy imports.

Solar energy is also a great investment for Los Angeles residents. As the demand for sustainable energy solutions continues to grow, the value of homes and businesses with solar panels is likely to increase. This not only benefits the owner but also helps to promote the widespread adoption of solar energy in the community.

Flexible and Convenient Energy

Finally, solar energy is a flexible and convenient energy solution for city residents. Solar panel systems can be customized to meet the specific needs and preferences of each home or business. Plus, they can be installed on rooftops, walls, or ground-mounted structures. With the help of advanced technologies, solar panels can also be easily monitored and managed remotely, allowing for real-time monitoring and optimization of energy production.

In conclusion, solar energy makes sense for L.A. residents for many reasons. They include cost savings, environmental benefits, investment potential, and convenience. By making the switch to solar energy, residents can play an active role in promoting sustainability. They also enjoying the benefits of a reliable, cost-effective, and clean energy source.

Solar energy can help reduce greenhouse gas emission
Solar energy can help reduce greenhouse gas emission
Prospero Energy Solar Logo with a sunset over the mountains

Greenhouse Gases: What’s the Facts?

We are all accustomed to hearing about climate change, global warming, greenhouse gasses, among other hotly debated topics. Each of these things have to do with the environment and its changes. First, let’s take a look into defining some of these terms.

Keep the earth pretty and switch to solar energy

Climate change is “a long-term change in the average weather patterns that have come to define Earth’s local, regional and global climates. These changes have a broad range of observed effects that are synonymous with the term (NASA).” Overall, climate change is the change of overall weather patterns in a certain region. Now, what is the connection between climate change and global warming? Global warming is the overall rise of temperature of the earth and its oceans/waterways. Therefore, global warming is climate change and more specifically the change of climate towards hotter temperatures and more sporadic weather.

fossil fuels used for electricity and industrial manufacturing

Now, what is a greenhouse gas? A greenhouse gas is simply a gas that adds to the trapping of heat in the earth’s atmosphere. Thus, the emission of these gasses have been found to add to the change in the earth’s climate. Some of these elements include carbon dioxide, methane, and nitrous oxide. Carbon dioxide is released when we burn fossil fuels such as coal and oil. However, this type of gas can also be absorbed by plants! Methane is also emitted when we produce things like coal and oil. It can also be released by certain agricultural uses. 

There are several sources of greenhouse gasses, but we will cover the main factors.

  1. Transportation
  2. Production of Electricity
  3. Industrial Fuel Burning
  4. Household Fuel Consumption

Research shows that approximately 29% of greenhouse gas emissions come from private and public transportation. It isn’t anything new that studies prove that our vehicles and transportation methods are consuming vast amounts of natural resources. There has been a big push towards more eco-friendly vehicles that run on renewable resources.

 

There are a variety of ways that we generate and consume electricity. These sources include coal, natural gas, petroleum, and other resources. It is said that about 60% of the electricity we use comes from fossil fuels. 

 

It is also no secret that the production of goods and services use a lot of energy. Much of this energy is also derived from fossil fuels such as natural gas and oil. This contributes about 24% of the total greenhouse gas emissions throughout the world.

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What are the Tax Benefits of Going Solar?

So, you’ve maybe heard that going solar could help provide some tax relief or offer incentives that could be enticing to American tax payers. It can be fairly confusing to understand whether or not solar installation is a liable investment. We admit that it may not be worth it for everyone, but it sure helps to identify the pros and cons of both sides. In this article we further discuss the possible savings on taxes as a result of going solar. 

First, let’s understand what a tax credit is…

A Tax Credit is basically a dollar amount reduction in the taxes you owe. For example, if you owe the IRS $500 in taxes then a tax credit of $300 would decrease your owed taxes to $200. The Federal Solar Tax Credit is a credit that can be claimed on federal taxes for a percentage of the cost of a photovoltaic system paid by the certain tax payer. The installation of the system must be completed in the corresponding tax year. 

From now until 2032, Congress has approved a 30% tax credit for solar power systems installed. There is no limit for what can be claimed on these systems. This can definitely be an enticing option to consider when thinking about installing solar at your residence or business. 

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There are many benefits of going solar.

Eligibility For Solar Federal Tax Credit

 
Expenses include solar panels and individual solar cells, contractor labor costs, system balancing equipment, sales tax, and energy storage devices

Solar Installation does introduce some attractive tax credits and savings that should be considered.

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