Are You Ready to Go Solar? Here Are 8 Reasons Why You Should
Have you noticed more and more homes in your community with solar panels on the roof?
If it feels like you’re seeing an influx in the use of solar energy, it’s not just your imagination. After all, solar power has never been as popular as it is now.
As of 2019, there are more than 2 million solar installations in the US. And, that number is expected to grow to more than 3 million by 2021.
Is solar power the right choice for your home too? You’ve come to the right place to help you make a decision!
Keep reading to learn more about solar power and some of the benefits of using solar energy to power your home.
1. Saves You Money
One of the most popular reasons homeowners start looking into solar power is for the benefit of financial savings.
By harnessing the power of the sun, you can power your home with the electricity you need, all while saving money on your monthly energy bill in the process.
In fact, you may even produce excess energy each month. In that case, if your state requires local electric utilities to offer net metering, you can sell that excess energy back to the utility.
This will show up as a credit on your monthly electric bill and could end up helping you save a substantial amount of money.
Producing this excess energy can help offset the initial cost of a solar panel installation so that eventually, your solar panels pay for themselves.
2. Helps the Environment
It’s no secret that our planet is struggling. Any “green” actions we take collectively can make a huge impact in helping the planet.
Utilizing solar power is a great environmentally friendly way to help the Earth. Because solar power is a form of renewable energy, it doesn’t get depleted as it’s used. As long as the sun is in the sky, your home has electricity (yes, even on cloudy days!).
As an added bonus, solar panels don’t produce greenhouse emissions, so you’ll have peace of mind knowing you’re using a totally green energy source.
3. Requires Little Maintenance
As soon as your solar panels are installed on your home, there’s very little maintenance needed to keep them working for years to come.
A few times a year, you should plan to gently clean the panels. This keeps them working at their highest performance level. Other than that, your panels do all the work for you.
And, because many solar installation companies offer warranties that span more than 20 years, you won’t have to worry about them breaking down, leaving you without power.
4. It’s More Affordable Than Ever
With the growth of solar power expected to continue over the next several years, there’s a push for this alternative energy resource to become more affordable.
The price of a solar installation continues to decline, making it more accessible to homeowners across the country.
Similarly, most of the cloud computing companies have also decided the run their data centers using Solar power. Microsoft Azure has already taken an initiative and products like Azure WVD i.e. Azure Windows 10 Virtual Desktop which are now hosted on a solar-powered data center due to which there is a drastic improvement in reducing the operating cost of these data centers.
As a result, a new solar energy system pays for itself in no time at all. There’s truly never been a better time to start using solar power!
5. Makes Way for Home Upgrades
Have you been dreaming of adding a pool or hot tub to your backyard? While both additions can be a significant expense, solar power can help ease that financial burden.
Not only will using solar energy help you save on electricity costs each month, putting more money back in your wallet but it can the perfect solution to cover the extra energy use that comes with a pool or hot tub.
And you can even use solar power to heat your pool, making your dream of a luxurious backyard oasis a reality.
6. Leads to Energy Independence
For most homeowners, relying on an electric utility for power is a given. But, when you install solar panels on your home, you can break free of the utility and experience energy independence.
Without depending on a utility, you have more control over your electricity. And, this benefit is not just on a personal level.
If more and more homeowners start to rely on solar energy, the country as a whole will have less need to rely on other countries for non-renewable energy sources like gas and coal.
7. Qualifies for Tax Credits
Not only is solar power becoming more affordable, but it also comes with the added benefit of qualifying for tax credits to help offset the cost even more.
All solar energy systems installed in 2020 qualify for a federal tax credit of 26%, which drops down to 22% in 2021.
So, if you’re considering getting solar panels installed on your home, but you’re not sure when you should do it, the sooner, the better.
The tax credit includes the costs of the panels and cells, contractor labor costs, and most equipment.
8. Increases Home Value
Are you still not sure if installing solar panels makes sense for you financially? Consider this: solar panels can increase your home’s value by more than 4% on average.
Of course, you probably don’t want to install solar panels right before putting your home on the market, just for that increase in value.
But, if you plan to stay in your home for the next 5-10 years before selling it, solar panels can be a great investment.
That will give you time to enjoy the benefits of solar power yourself and make your house more appealing to buyers when you do decide to sell it.
Solar Power Helps You Go Green and Save Some Green
Now that you know more about the many benefits of solar power, it’s time to start harnessing the power of the sun to help you give back to the Earth and your wallet.
Looking for more helpful resources for homeowners? Check out our other home improvement articles for inspiration on how to make your home more functional.