The sun has produced energy for billions of years, now it’s time for you to use it for your own benefit. Historically, utility rates have been increasing at a rate between 5-6% each year and have doubled within the past 20 years. By going solar, you can now break the cycle and escape your utility provider’s tight grip. Installing solar is not only a great investment financially, but a great investment for our planet. On top of eliminating your monthly electric bills, solar panels are now considered one of the best home improvements that you can do for your property. A solar system adds an average of 4% to your property value in a state like California and homes with solar sell 20% faster on the market than homes without. Solar is also exempt from property taxes even though your property value increases.
Top Benefits Of Solar:
1.) Savings From Day One: Many homeowners choose to finance their solar panels with one of the “pay-as-you-go” financing options. You simply pay off your solar panels monthly for electricity – less than you would`ve paid the utility company.
2.) Increase Home Value: Buying a home with solar panels translates into lower electricity costs. Solar panels will increase a home`s attractiveness on the market, similarly to homes with low property taxes, homes in school districts and homes with good Home Energy Ratings
3.) Secure Investment: The utility companies are notorious for their fluctuating and unreliable electricity prices. There is clearly an upward trend. With solar panels and simple math, we can calculate how much electricity will be generated, and most importantly, at what price, for at least the next 20 years (fixed energy costs).
4.) Incentives: You are eligible to get 30% of total system costs back (equipment and installation). This means you would save $7,500 on a solar system worth $25,000. Take advantage of incentives while they last.
5.) Save The Environment: We know that the majority of homeowners choose to go solar because it makes good sense from a financial point of view. That being said, the environmental benefits are also clearly worth mentioning. The U.S. places second in the world in annual carbon dioxide emissions at 17.9%, right behind China. You can go a long way in lowering your carbon footprint by replacing utility power with clean electricity from solar panels.