Regardless of whether you own a home, run a business, or manage a municipal building – there are many important advantages of installing solar energy panels on your property. Below are 4 reasons why going solar is something you should consider
1. Solar Helps You Save On Your Energy Bill
The biggest advantage of solar energy is immediate electricity bill savings. No matter how small your installation, you begin receiving smaller monthly bills from your local utility company – from Day 1.
How large are these energy bill savings? There are 2 important factors in determining this:
Solar energy is a modular technology, meaning you can install some panels now, and more again later, resulting in larger savings the more panels you have. With a large enough installation, it’s possible to eliminate your energy bill completely. Thanks to solar energy, countless Americans already pay $0 a month to their local utility.
However large your installation, you can expect your energy bill savings to grow with time. As utility rates rise, clean energy from the sun remains consistently free. Solar is an investment that pays increasingly large dividends with each passing year.
The cost of solar has come down tremendously 2010, so the average savings in many states should be better for people who go solar today than they were for people who went solar in 2010.
2. Solar Energy and Income Generation
Depending on where you live, solar panels not only help you save on your electricity bill – they can also generate passive income.
Many states, offer generous renewable energy incentives designed to incentivise solar PV adoption. If you qualify for these incentives, your local utility company actually pays you for the clean energy that your panels produce – either with direct cash or through credits.
When that occurs, your electricity bill isn’t $0 – it’s in the negative.
To learn whether you qualify for these incentives, run a free solar report on your property and get a free options consultation today (link to homepage). It costs you nothing to explore your solar PV options, and the potential upside is unlimited.
3. Solar Energy and Higher Property Values
Because solar energy helps you save on your energy bill, it’s an investment that pays for itself many times over the lifetime of your solar system.
Also, the advantages of solar energy extend well beyond energy bill savings.
Solar energy can also greatly increase the value of your home, and help it sell more quickly. An average sized installation on a $500,000 property can add $15,000 or more to the value of your home – an amount that exceeds the average cost of most residential solar installations, meaning you could not only be reducing or eliminating your electricity bill but also getting 100% of your money back when and if you sell the home. In contrast, most kitchen remodeling projects only deliver returns of 60%.
If you’re going to make home improvements, solar energy tops the list. You enjoy lower electricity bills for as long as you remain in your house. And when it comes time to sell, you recoup 100% of your investment thanks to your property’s higher asking price.
4. Solar Energy and the Environment
Solar’s economic dividends are easy to measure in dollars and cents. By installing panels today, it’s possible to:
- Save on electric bills.
- Generate passive income.
- Boost your home’s property value.
As more homes and businesses across the country install solar panels, our nation moves farther away from fossil fuel consumption and closer to a clean economy powered by the sun. The benefits of this transition are enormous:
- Better health due to cleaner air, water, and soil.
- Greater energy security due to reductions in imported fuel.
- Stronger economic growth through the creation of green jobs.
- Reduction of greenhouse gas emissions, the main cause of catastrophic climate change, global weirding, and severe weather.
Solar energy’s dividends don’t simply benefit you as the system owner, they benefit anyone who enjoys having a cleaner and more sustainable environment.