Renewable energy has been a topic of conversation in Richmond ever since Virginia began offering tax credits for residents that invest in solar panels for their home. The state of Virginia offers tax credits on federal income tax for 30% of qualified expenditures on solar panel systems, as well as for solar water heating systems. Altogether homeowners can receive a maximum of around $2,000 in any tax year! Richmond residents never thought they could save so much money and lessen their carbon footprints at the same time.
Solar panels absorb the massive energy of our sun and, when paired with an inverter, convert that energy into an electric AC current for immediate use. Solar panels can also collect solar energy for a thermal system unit that will provide hot water for a home, doubling their effective value. Solar panels installed in a home make utilities costs a controllable item rather than a fixed cost on the household budget.
And remember that renewable energy does not come from the sun alone. Wind turbines put the breeze’s raw kinetic energy to use and deliver just another green energy alternative, with Virginia being a suitable location. Wind power is cost-effective and one of the cheapest and easiest renewable energies on the energy market today, depending upon the wind resource and the particular project’s financing.
Since Virginia offers such generous tax credits to those who invest in alternative energy, it’s no surprise there are thousands of homes in Richmond using or considering solar and wind energy. If you want to save money while also going green, there is no better solution than building high-quality alternative energy systems in Richmond, Va from Baker Renewable Energy. Get started today by calling Baker Renewable Energy’s local Richmond office at (877) 664-6961 to schedule a free energy assessment for your home or business.