The planet is facing an energy crisis that is felt by every country in the world, even technologically advanced ones like Japan and China. This led to a growing demand for solar panels, wind turbines, hydrokinetic generators, geothermal power plants, and the whole nine yards of other renewable energy tools. As the world is vying to obtain clean energy, the people living in Brisbane need to pull themselves out from the dark and help in the fight for the planet’s survival by installing solar panels. Here are two significant solar panels advantages for you to know:
Federal Tax and Credit Rebates
Purchasing solar panels means you are doing yourself a favor because of many things. First, you will have clean energy that can cut down on your utility bills, and second, you basically save yourself a ton of money from the cashback given by the government. Did you know that the government will return the initial money you spent on the purchase of solar panels at about 30 percent? This is because the law requires them to reward the people who helped combat global warming, and you will obtain federal income tax credit under your name.
The local government also has a policy regarding solar panels, which will surprise you in the best of ways. They sweeten the deal by giving solar rebates for every purchase, and you best believe that the total cost of each solar panel unit will be sliced in half due to Solar Renewable Energy Credits or SREC, which is generated yearly, and that means you get a substantial passive income just by purchasing solar panels!
New Business Opportunity
At this point in time, when the planet is facing climate change, no one in their right minds would have the gall to ask if solar panels are legal or not. This is because the world has joined hands to influence their people to obtain solar panels and switch to renewable and clean energy sources to save the planet. Many solar panels owner became entrepreneurs who sell solar energy and panels as they view the technology as a new business opportunity.
Experts estimate that the global energy market will be valued at over 200 billion dollars in the next five years with a growing industry focused on clean and sustainable energy sources. That could potentially lead to some countries barring the free use of solar panels. Then, multiple laws and legal regulations encompassing solar panels would have been created, and new lawyers would specialize in clean energy issues to assist solar energy businesses and homeowners.
The Takeaway
We can advise you to make the quick move today before everything is regulated and obstructed legally by the government. We don’t have much time left, and everyone should get solar panels installed at their home to achieve passive income and save money from utility bills. Please share this article with your friends and family to inform them of the benefits of solar panels!