If you live in Santa Barbara, you have probably noticed that many homeowners in the area have lined their rooftops with solar panels. There are two primary reasons that the number of homeowners converting to solar energy use has dramatically increased in recent years. For one, escalating and unpredictable energy prices have caused many homeowners to look for an alternative source of energy so that they can reduce or eliminate their dependence on costly fossil fuels. Secondly, a number of substantial solar incentives are now offered to homeowners who install Santa Barbara solar energy systems.
The federal government is offering an uncapped 30 percent tax credit on Santa Barbara solar energy systems. This is good news for homeowners who plan to install Santa Barbara solar energy systems in 2012. This tax credit, known as the “Residential Renewable Energy Tax Credit,” was established by the 2005 federal Energy Policy Act. However, in the past, the credit was not nearly as significant as it is currently. The initial tax credit was capped at $2,000, but has since been expanded to an uncapped 30 percent credit by The American Recovery and Reinvestment Act of 2009. If you cannot take advantage of the full 30% in the first tax year after your solar installation, don’t worry; the federal tax credit can be carried over to subsequent years.
Homeowners interested in a Santa Barbara residential solar system will also be pleased to discover that both local and state solar incentives can be added to the savings you will accrue from the federal government. Once you purchase a now very affordable residential solar system, you will save on your utility bills each and every month. As energy prices continue to rise, you can feel confident that your home’s solar system will protect you from hefty electricity bills well into the future.
Currently, about 90% of the energy used in the United States comes from fossil fuels such as oil, coal, and natural gas. These forms of energy are not nearly as abundant as they once were and, since they are available in finite quantities, more sensitive areas of the earth, such as the Arctic National Wildlife Refuge, will need to be explored to continue using conventional energy at the current rate. When you install a Verengo solar system for your home’s energy needs, you will become part of the alternative energy movement that is fighting for non-polluting, renewable sources of clean energy.