Solar power is now one of the most cost-effective energy options available. There has been a huge growth in interest among people and businesses who are trying to find ways to reduce their carbon footprint by purchasing solar panels for homes. As an alternative to traditional electricity, it uses no fuel at all and produces zero emissions.
Solar Panels Save You Money
If you want to save money, then you might want to invest in solar home systems. These are devices that use photovoltaic cells to generate energy. They are very useful because they produce a lot of power and they don’t require you to pay as much to the expensive utility companies.
For example, in the state of California, the cost of solar panels is up to 300% cheaper than the rates that the utility companies are charging.
Another benefit of having a solar panel home system is that you will no longer have to worry about the price of electricity going up. This means that the savings amount will compound every single year moving forward.
Take our 30 Second Solar Quiz to get a Savings Estimate for your roof.
Fight Inflation and Lock in Electricity Rates
2022 is a year of record inflation.
The cost of everything is skyrocketing, and energy prices are not immune. In fact, energy prices are increasing even more rapidly.
In June 2022, energy prices had risen 41.62% year over year.
The other way to reduce your spending is to buy a home with a solar panel system installed. If you buy a home with a solar energy system installed, then your electricity costs will almost completely disappear.
It’s important to remember that you will get the full benefit of the solar panels until they stop producing effectively. So, it is important to purchase a system that comes with a warranty that you are confident in.
Solar Panels Add Value to Your Home
If you want to maximize the value of your home, then you should think about installing a solar system.
Solar panels can help you reduce your monthly electricity bills by as much as 50%. Also, if you install a solar system, you’ll be able to earn money. For example, many homeowners use the extra income to pay off their mortgage or invest in other things that will add value to their homes.
Recent studies show an average increase in resale value between $4,020 and $5,911 for each 1 kilowatt of solar panels installed.
But, before you decide whether to install a solar system or not, you should ask yourself an important question: how long do you plan to own the property?
If you plan to own the property for more than a few years, then solar will be an asset whenever you do decide to relocate.
Do Your Part in Helping the Environment
If you want to save money while helping the environment at the same time, then you can do it by installing solar panels on your roof. This can help you to reduce your electricity bills and also give you a sense of pride.
By using a system like this, you will be able to use less energy, which will cut down on your carbon footprint.
While a single residential solar project is not going to change the fate of the planet, the environmental benefits can help you to feel like you are at least doing your part.
Measure Solar’s Savings Reports even include a small section that will estimate the amount of CO2 offset you can expect from the system.
The average-sized system in the United States has the environmental impact of planting 200-300 trees.
If you want to live a comfortable lifestyle while being independent, then you should think about solar. This is a way for people to get off the grid as much as possible with the infrastructure limitations.
Making the switch to solar by itself will not accomplish independence from the grid.
That requires you to purchase and install a battery bank as well.
A Battery Bank will store the excess power that you generate during the day and will allow you to use your stored power when you need it if the grid ever goes down.
When contemplating going solar and considering whether or not they can afford the installation, A lot of people don’t realize that they can get a tax credit when they purchase a solar panel.
This means that you won’t have to pay for the entire system on its own.
By taking advantage of local, state & federal incentives that are still available in 2022, homeowners can receive assistance for tens of thousands of dollars.
The biggest incentive that is available to everyone in the federal investment tax credit and that currently covers 26% of the total cost of the system.
Time Is Running Out
The solar industry has been growing incredibly over the past few years. And, it’s expected to continue to grow in the future. So, if you want to benefit from this growth while it is still in the early adoption phase, you must start taking steps now.
The federal tax credit decreases at the end of 2022 before it goes away completely at the end of 2023.
Local utility companies are also taking action to lessen net metering benefits in markets across the country, so you’d be smart to make the switch while the benefits are still in place.
Bottom Line: the Time for You to Get Solar Panels for Home Is Now!
Solar is a purchase that will have countless benefits for your home.
It is one of the few home improvement projects that is guaranteed to provide long-term savings, and the time to make the switch will never be better than this very moment.
Click Here to take our Solar Quiz to find out if you qualify.