Solar roof panels
Source: https://www.bankrate.com/real-estate/eco-friendly-home-improvements/
You’ve probably seen solar roof panels on residential homes, maybe even while driving through your own neighborhood. More and more homeowners are adopting this type of energy system as they see the long-term benefits of having their own renewable energy source. According to the U.S. Energy Information Administration, the average monthly electricity bill in 2021 was $122, which adds p to about $1,464 annually and $43,920 over 30 years. By going solar, you may be able to save much of that money. Solar roof panels and solar shingles require a high initial investment, but there are numerous ways to lower installation costs, including tax credits provided through the Inflation Reduction Act. The law includes a 30 percent Residential Clean Energy Credit tax credit for solar roof installation, which the Biden Administration says will translate into a $9,000 savings for families over the life of a rooftop solar system, or about $300 in savings annually, through 2032. The credit falls to 26 percent for 2033 and 22 percent for 2034.