Senator John Osoff, (D-Ga), and his representatives, Mickey Riley, (DNJ), and Bill Pascrel, Jr., recently announced a law expanding solar tax credits to include integrated solar roofs for homeowners. As the earth moves toward dangerous points, another push for renewable energy.
In the United States, 5 million roofs are replaced every year. Video).
Debonno added: “As a result of the discussions on this draft, it is only a matter of raising awareness on all aspects of solar energy and renewable energy. So, people who never intended to go to the sun are now thinking about it.
A.D. The Solar Investment Tax Credit (ICC), which was first approved in 2006, allows 26% of federal tax credit for solar PV systems to be installed between 2020 and 2022. (That tax credit is down 22% for systems completed by 2023.)
But for now, ITC will cover the solar panels installed on the roof – but not the fully integrated solar roof, they are part of the solar panels included in the roof structure. The recently proposed RAISE roofing law is intended to correct that.
Debonno said that although the installation would be costly, the panels would reduce energy costs and pay for themselves. Federal, state, and local subsidies help make solar energy more affordable, although solar panels are generally not accessible to many low- and middle-income households who use more energy and resources. And while solar panels can help curb the use of fossil fuels throughout their lives, they can increase housing costs.
“So it depends on the state, but it’s a solar investment,” Debonno said. But the good news is the investment itself.
In weather conditions such as Arizona and California, “that investment can pay for itself anywhere from three to a year,” Debonno said. “In some northern climates, where there is not much sun, the return may be 7. Up to 12 years. ”
‘Power Has’ for Solar Panels
Competitors like GAF Energy and competitors like TSLA are turning the tide of homeowners into the sun, not the technology, according to Debono.
“The cost of installing the solar panel in the house is“ very low, ”he said. The big cost is getting people to agree to do this. So one of the biggest expenses in the sun is in sales and marketing.
Debonno adds: “The amount of energy that hits the earth from the sun every hour is equal to the output of the world’s power plants for more than a year. So there is energy. Ability to withstand storms there. We just have to get the products that we want people to wear at home and feel financially secure. The unresolved problem is how to make the solar panel look good and move faster. So do you want to put most of the United States on their roof? ”
GAF Energy will soon begin developing and producing new solar panels in the United States. The company has announced plans to set up a new facility in San Jose, California, and relocate its production from South Korea.
“To begin with, it will not be entirely local. There are certain parts that can only be found in Asia, ”said Debono. But I believe in the next 5 to 10 years, I think it will be very easy to see a 100% domestic supply chain.
The GAF energy movement pays off for Asia – and especially China – for its control over solar production. According to the Wall Street Journal, 80% of the solar supply chain is controlled by Chinese companies, and more than half of the polysilicon supply used in solar panel units comes from China’s Xinjiang Province.
Despite reports of forced labor in the Uyghur people in China, China’s investment in solar production has declined. According to reports, the Bindon administration banned the import of silicon from a Chinese company in June.
In addition, recent supply chain disruptions could hamper the industry’s ability to grow.
“I feel that in the future, not only the title products, but also the integration components needed to build those products will see more and more.”
Grace is the Assistant Editor of Yahoo Finance and the Writer of Yahu Products.
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