You’ve most likely heard about homeowners adding solar panels and wondered, “Are solar panels for my home a good investment?” Not only are solar panels an excellent choice for generating energy, but they come with a myriad of advantages that help people like you save money while also helping the environment.
Here are the top five benefits of adding solar panels to a residential home.
INCREASED HOME VALUE
One of the major incentives for adding solar panels to your home is that it increases its value. Whether you plan to sell in the future or want to keep your home and build more equity, solar panels add value.
In fact, according to a new study from the Lawrence Berkeley National Lab (LBNL) on pricing trends in a variety of states including California, Florida, Connecticut, New York, Pennsylvania, North Carolina, Massachusetts, and Maryland, installing solar panels can significantly increase your property’s value by $15K to $20K, depending on the state in which you reside.
With solar panels, you earn tax credits on the federal level as well as state and local rebates. You automatically get 30% of your total system costs back as a tax credit, which includes your installation and equipment. There are also Solar Renewable Energy Credits (SRECs), which when combined together can sometimes return half of your initial investment.
With solar panels you can not only reduce your energy costs, but in some cases you can eliminate your power bill, too. For those in areas where the sun is pretty constant, the savings are significant, with some homeowners selling what they do not use back to the power company. For others who live in areas without as much sun coverage, the savings are still significant, and keep in mind that even on cloudy days the indirect or diffused sunlight still helps power the home.
By incorporating attic insulation to reduce heat gain, you will save even more on your energy bill, if you have one at all.
A GREEN CHOICE
Solar power is a clean type of energy that gets its power from the sun. Using solar panels reduces dependence on fossil fuels and also helps to combat greenhouse gases. It is renewable energy and does not require water to operate, which means no pollution in the water and less strain on the global water supply.
The Energy.Gov site states it best: Using solar power instead of conventional forms of energy reduces the amount of carbon and other pollutants that are emitted into the environment. Reducing the amount of carbon in our atmosphere translates into less pollution and cleaner air and water.
A CHOICE WITH LONGEVITY
Our solar panels come with a 25-year warranty.
Solar power is an excellent choice for any residential home (and business). Solar panels and solar hot water heating are two choices in particular which are a sound investment. You will start saving from the first day and continue reaping the benefits of low to zero energy costs in your home.