Should you invest in solar panels for your home? If you’re like most people, you’ve probably started to notice that more and more homes and businesses are making this decision.
However, you might be hesitant to invest in a solar energy system for your home because of the initial costs. Maybe you don’t know how solar energy works or if it will be enough?
In other words, you’re worried that the benefits of solar panels won’t be worth your costs. We assure you, they are. Keep reading to learn about the top six solar energy benefits.
- Lower Energy Costs
First, and most obviously, investing in a solar energy system for your home means paying less for electricity. The average American spends roughly $115 a month to power their homes.
By installing solar panels, you can significantly reduce these costs or eliminate them altogether. Wouldn’t it be nice to save over $100 every month by cutting out your energy bill?
- Less Impact on the Environment
One of the most important benefits of solar panels is that they’re helping reduce the amount of carbon emitted into the air. Traditional forms of electricity require burning coal, oil, or gas.
The gases produced by burning these fossil fuels are slowly damaging the earth’s ozone layer. As a result, global temperatures are steadily rising, ecosystems are being destroyed, crop yields are decreasing, and animal species are becoming extinct.
Companies like Blue Raven are helping everyday people make a positive change by providing affordable green energy. By installing solar panels on your home, you can significantly reduce your personal carbon footprint.
- Tax Benefits
Did you know you can claim your solar installation expenses on your taxes? The federal government will give you tax credits around 20% of your costs. Between how much money you save on your monthly energy bill and what you get back in your taxes, it won’t take long for your solar system to pay for itself.
- Increased Home Equity
If you’re looking for more financial benefits of solar panels, how about increased home equity? Installing solar panels on your home to produce renewable energy adds to the value of your house.
If you decide to sell the home down the road, you’ll be able to price your home higher. If you never decide to sell the home, the extra equity can be used in a HELOC, to refinance and pay off debt, etc.
- Off-Grid Capabilities
Finally, we can’t talk about common solar energy benefits without mentioning off-grid capabilities. Even if you’re living in the city, being off-grid means you don’t have to worry about power outages or blackouts.
Alternatively, solar power might be your best option if you’re building a home in a remote location. Paying to have access to county power would be costly.
- Potential Earnings
In some cities, the local energy companies will pay homeowners that create their own electricity for excess energy. If you produce more electricity than you need, you can sell that energy back to the electrical company.
Some energy companies pay cash, while others give you credit toward future power bills. If you’re not entirely off-grid and rely on city power occasionally, this is can save you a lot of money.
Ready to Start Enjoying the Benefits of Solar Panels?
Are you thinking about installing solar panels in your home? Clearly, there are a lot of reasons you should make it happen. What benefits of solar panels are you most looking forward to?
And if you want more advice for your home or business, don’t go anywhere. Our blog was created to help our readers make wise investments and good decisions. Read through some of our other articles before you go.