Why is Solar Important to You?
Solar tax credit extensions are a win-win for homeowners and climate change.
Climate change has now left the realms of abstract possibility and become a reality. It has become something that people from all walks of life need to take notice of. One of the main ways that we can all help to combat climate change is by using solar panel technology to minimise the amount of electricity that needs to be generated using fossil fuels. The recent spending package passed in the house and senate means that tax credits for wind and solar power generation has been extended for the foreseeable future, and this is great news for climate change activists, but just why is it so important?
New Projects
According to the American Wind Energy Association the tax credit extension will be a huge support to existing solar projects and will also be able to support many more solar and wind projects through to the year 2020. GTM Research has also predicted that the level of solar panel installations will increase dramatically by 2020 and will result in billions of investments in renewable energy technology.
Overall Positive for Climate Change
Although some of the other projects passed in the spending package require some less than environmentally friendly work such as extensive drilling, the expected increase in renewable energy development thanks to the tax extension would overrule this, with independent analysts reporting that the decision will be a net positive for climate change!
Improvements in the Next Five Years
All of these predicted improvements won’t only be seen as far off as 2020. Analysts have predicted that during the next five years there will be a significant decrease in the amount of carbon dioxide emissions.
What Does All This Mean for You?
All of these predictions and hopes mean nothing without the tax extension being taken advantage of by residents. Investing in solar panels now will save you a lot of money in the long run. You can dramatically reduce your energy bills which is more important now than ever before due to the recent reforms from Pacific Gas and Electric. There are more important things than money though. By investing in renewable energy such as solar panels you will be investing in your future and the future of your children and grandchildren. The more people that install solar panels the more money will be invested into research and the better the technology will become. A simple solar panel installation means you’ve done your part for climate change.
