ProSolar Energy in the USVI
Between the USVI’s delicate mangrove forests and colorful coral reef ecosystems, many homeowners are eager to go green and reduce the environment impact of their home. But others hesitate, wondering is sustainable energy systems are practical for their home.
Why Solar Energy for Your Home?
For most Virgin Islands homeowners, taking the leap to solar energy comes down to three factors: carbon footprint, convenience, and cost. ProSolar Systems has a solution for all three. With 10 years of customer service excellence, ProSolar is the most-recommended solar company in the Virgin Islands. If you decide to invest in sustainable energy, don’t miss out on the opportunity to work with ProSolar Systems.
For those still wondering whether solar energy is a practical solution, consider the long-term investment you’ve made in your home. Even if environmental concerns aren’t your primary motivation, an ever-increasing number of homeowners are catching on to the financial advantages of investing in sustainable energy systems.
Lower or Eliminate Utility Bills
If you live in the US Virgin Islands, you are sure to have at least one thing in common with your neighbor — the desire to lower your energy bill. Utilities in the USVI can be pricey. Because of the islands’ reliance on crude oil, utilities are generally pricier here than in the continental U.S. Our Water and Power Authority (WAPA) charges about 56 cents per kilowatt versus an average of 12 cents per kilowatt stateside. Installing solar energy can help reduce or eliminate your utility bills. Depending on your energy usage, you may be able to save hundreds or even thousands of dollars annually. Roof space and sun exposure will also determine how much you can save with solar energy.
Hedge Against Rising Fuel Prices
Investing in solar will also enable you to hedge against increased energy prices in the future. WAPA applies a surcharge corresponding to increases or decreases in fuel prices under the provision of the Levelized Energy Adjustment Clause (LEAC) factor. Solar energy systems can protect your pockets from rising feul prices for decades to come.
Increase Your Home Value
If your home is going on the market, solar energy gives your listing a competitive edge, as buyers are often willing to pay more upfront for a home with lower utility bills down the line. A residential solar energy system adds about $3 per watt to the value of your home, according to the Lawrence Berkeley National Laboratory. For the average house, this will amount to approximately $21,000, of added value to your home.
Become Eligible for a 30% Federal Tax Credit
After your solar energy system has been installed, you may apply for a Federal Solar Tax Credit via forms 5695 and 1040 on your tax returns. Consult a tax professional for more information on how you can act on this incentive.
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