4 Impressive Benefits of Solar Panels for Your House
Is going solar right for you?
For now, let’s ignore the noticeable “solar boom” that’s happening at the moment. It’s easy to get swept up in the increasing wave of homeowners who switched or are switching to solar.
Going solar is still a significant investment that needs careful consideration.
How do you know if going solar is the right decision? Looking at the benefits of solar panels and if the benefits outweigh the costs is an excellent starting point.
If you’re thinking of installing solar panels for your home, you can look forward to these four terrific solar panel benefits.
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1. Save Money and Make Money
Buying solar panels to install on your roof is a worthwhile investment. As soon as the home solar panels are installed and working, you’ll start seeing savings that you get to enjoy for your system’s lifespan of 25 years or more. If you think about the rising cost of electricity these days, the ability to generate free power means you’ll save a lot of money.
It’s also the best time to go solar because of the abundance of solar incentives available. In addition to the federal solar tax credit, you can avail of state rebates depending on where you live (learn more here if you live in Charlotte, NC).
Now, let’s talk about how residential solar panels make money for homeowners. If your photovoltaic (PV) system generates more electricity than you use, you can sell the excess energy back to the grid. You can earn credits that offset your total bill through the net metering policy offered by many electric companies.
2. Gain a Secure and Reliable Energy Source
Did you know that the US has more power outages than other developed countries?
The US has an aging power grid vulnerable to outages during extreme weather events. Solar power coming from different production centers adds more stability to the grid.
Also, one of the solar panel options you can choose is solar battery storage. In case of a blackout, your system switches to backup power provided by the battery. This setup gives you security versus the next power outage.
3. Environmental Benefits of Solar Panels
Choosing a clean, renewable energy source is a great boon to our planet.
Unlike traditional power sources like oil, coal, and natural gas, solar panel systems don’t contribute to air and water pollution. Solar also doesn’t waste water, unlike nuclear power plants that may use up to 1 billion gallons of water per day.
4. Increase the Value of Your Home
You can’t predict what’s going to happen in the future. But it’s nice to know that if you’re selling your house someday, you can ask for a higher price because of your solar panels.
Every $1000 in yearly electricity savings equates to about a $20,000 increase in your home’s value. Markets also agree that a house with solar panels sells faster than residences without.
Going Solar Is a Sound Investment
If you can afford to go solar now, the benefits of solar panels make it a solid investment. It’s true that solar installation takes a considerable chunk out of your finances. But the savings and increase in property value more than pay for the installation costs multiple times over.
There’s also the benefit of making a positive impact on our environment. Using green energy protects our future.
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