Are you thinking of adding solar panels to your home?
Solar panel installation is a great investment, which is why over 2 million households have already made the jump. But if you’ve never looked into solar energy before, you might not know what the fuss is about.
Don’t worry, we’re here to help! Read on for these top five benefits of going solar.
- Protection From Rising Power Prices
One thing that’s more and more obvious is that electricity prices are going up. Over the past 10 years, there has been a 15% price increase for residential electricity. In the future, electricity will continue to cost more, driving up your bills further.
Solar panels can help protect you from the ever-increasing price of electricity. The cost of going solar is decreasing though, and there tax and grant incentives to help even more. You’re producing some of your own energy, meaning you need less from your utility.
- Lowers Your Electric Bills
One of the biggest benefits solar panels bring is the fact they can save you money on your bills. In many states, utilities must provide net metering. This lets you offset your electric costs with the energy your solar panels make.
Any excess energy they make, you can then sell back to your utility. Usually, payment comes in the form of credit added to your billing account. You can then use this credit to lower (or even pay for in whole) a future electric bill.
- Can Increase Your Home Value
When it comes to home value, solar panels count as upgrades. It’s a very real chance that they will increase the value of your home to a buyer. In fact, the average home value increase is as much as $15,000.
Market factors like the size of the solar unit and local electricity rates will still play a part though. But solar homes are desirable, and buyers will often pay top money for them.
It’s well worth the investment, but make sure they’re installed by a professional. You can search Google for ‘solar companies near me‘ to find local, reputable installers.
- Incentives Can Pay You While You Make Back on Your Investment
There are a few solar incentives out there that you can make use of. These can lead to your solar panels making you a profit as well as reducing your bill costs. They can help offset the cost of your initial investment faster.
Along with the net metering we mentioned earlier, the other large benefit is solar renewable energy credits (SRECs). Both let you earn credits (and sometimes cash) as you produce energy. If you live in an area where you get both, you’ll see long-term returns almost right away
- It’s Kind on the Environment
Another huge benefit of solar energy is that it’s 100% renewable. It’s not a resource that will deplete its source over time. How do solar panels work? They use the UV rays from the sun and turn it into energy, but this doesn’t deplete the sun.
As well as being renewable, solar energy doesn’t produce greenhouse gases either. Your panels don’t release anything harmful into the air. So, if you’re conscious about the environment, go green with solar!
Going Solar is the Way Forward
So, there you have it! Now you know these top five benefits of going solar, you know it’s the way to go.
Not only do solar panels come with huge financial benefits it’s sustainable too. You can reduce your energy bills, protect yourself from rising energy costs, and protect the environment too.
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