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Many of us make New Year’s resolutions to get in better shape, improve our finances, live better, and do our part to help the environment. Many people don’t think of solar when it comes to checking off New Year’s resolution goals; however, going solar can greatly improve your finances and help meet various sustainability goals. Here are 23 reasons your home and business should consider installing solar panels in 2023:
The 2023 federal solar tax credit significantly reduces the cost of installing solar. In August 2022, the Inflation Reduction Act passed, increasing the solar tax credit to 30% of the system cost—which can include a battery! Electricity costs have significantly increased and will continue to rise. As of December 1, 2022, Duke Energy Progress has raised their rates to $0.129 per kWh (after tax). This is a 9.3% increase in energy costs, compared to their 4% average increase in past decades. If you don’t buy electricity from