Solar is the most abundant energy source on our planet. In fact, there is more than 10,000 times the world’s energy use available as there are 173,000 terawatts of solar energy striking the Earth continuously.
Many people have made the switch to solar in their homes. Wondering if you should make the switch too? Read on to find five benefits of solar panels!
1. Save on Energy Bills
One of the biggest advantages of solar panels is cost-efficiency. The average energy cost per year in the United States is $1,411.80. Solar panels reduce your dependency on the costly prices of energy provided by big energy companies.
Some states even require net metering. This allows you to send your excess energy back to the grid. They will then give you a credit on your bill for the energy you have provided.
Certain situations allow people to completely eliminate their energy bills.
2. Tax Credits or Rebates
When you file your federal income taxes, you’ll get 30% of your solar panels cost back. You’ll also collect those funds from the net metering we mentioned as a sort of rebate to you.
There are several incentives that are offered. Be sure to check with your state and local government to find out any additional information.
3. Helps the Environment
Solar energy is clean and pure, powered by the sun. When you install solar panels in your home, you are helping to reduce our dependency on fossil fuels. Which, inevitably will run out over time.
This also reduces greenhouse gas emissions which are emitted by the use of such fossil fuels. These emissions are bad for our environment which continues to pollute our air and water.
Renewable energy eliminates some of this pollution by reducing what we are making. We know we won’t run out of it either.
4. Improves Your Home Value
Homebuyer’s know what solar energy means; savings and environmentally friendly. With solar panel installation, your home value can greatly increase making it a good investment all around.
According to research, you can expect an average increase of $9,274. In general, you might see around a 4.1% increase.
5. Solar Is Cheaper Now Than Ever
The cost of solar panels continues to decrease as we see an increase in traditional electricity. That means it is more accessible now than ever.
As we learn more about solar power, it has become much more common. Which is a good thing because there are more solar panel companies. This increase in competition and shared knowledge significantly lowers prices.
You’ll be able to find solar installers near me with ease now. Whereas, a decade ago it was much less common. With the additional incentives to take advantage of there is no reason you shouldn’t look into it.
Take Advantage of the Benefits of Solar Panels
Now that you are aware of the benefits of solar panels, you are ready to make the best decision for your home. With this much cost-savings and other added benefits, you’d be crazy not to think about it.
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