Benefits of Installing Solar on Your Home
Drastically reduce or eliminate your electric bills
Electricity costs is likely one of the largest expenditures for your home or business. With a solar panel system, you’ll be generating free power for the entire lifetime of your system. That’s 25-30 years of clean, renewable energy you’re able to use. Even if you don’t produce all of the energy you consume, your utility bills still will be much smaller than going traditional electricity routes.
Protect against rising energy costs
Energy prices are so unpredictable, making it very difficult to manage your budget. By making these costs more predictable, solar power systems have the added benefit of helping you better plan your expenses and save money in the long run.
Increase your property value
Early studies have found that buildings and homes equipped with clean energy systems have higher property values. These homes and businesses are able to sell twice as fast and at a premium of 3-4% over similar properties, in the same area. Appraisers are increasingly taking solar installation into consideration as they value properties for sale. In fact, a study conducted by the Department of Energy found that after installing solar panels, for every $1.00 saved in electric bills per year, the property value of the building increases by $20.00 per year. Installing a solar system can be a great way to increase the selling price of your home or business!
Protect the environment
Solar is a great way to reduce your carbon footprint. Buildings are responsible for close to 35% of all carbon emissions in the United States, and going solar can decrease that number significantly. A typical residential solar panel system will eliminate 3-4 tons of carbon emissions each year — roughly the equivalent of planting 100+ trees per year.
Earn a great return on your investment
Solar panels are an investment that pays handsome returns. Solar systems offer substantial savings as well as the potential to generate revenue, resulting in ROIs of 20% or more. The utility bills you pay are an expense, but putting money toward a solar system is an investment that will pay you dividends for many years to come.
Boost U.S. energy independence
Solar energy is a pathway to achieving United States energy independence from foreign oil. Because we consume far more oil than we produce (25% vs. 3%), the U.S. is not only dependent on foreign oil sources, but billions of dollars from our economy are transferred to oil producing countries every year. By installing solar panel systems, we are moving toward energy self-sufficiency.