Never before has solar power been this available to households. What are the reasons why so many homeowners choose to go solar these days? Without further ado, here`s top 10 solar energy benefits:
1. Save Thousands of Dollars
According to One Block Off the Grid, adding solar panels to your home can bring in monthly savings of well above $100 in many states. Extend this to two decades, less than the length of a typical solar panel warranty, and this translates to over $30,000.
2. Start Saving from Day 1
Solar purchase power agreements (PPAs) and solar leasing has made it possible for homeowners to go solar for little or no money down.
Many homeowners choose to finance their solar panels with one of the “pay-as-you-go” financing options. This means that a third-party company – the solar provider – owns the solar system and takes care of installation, maintenance, monitoring and repairs. You simply pay the solar provider for electricity – less than you would`ve paid the utility company.
Pay-as-you-go solar is an excellent option for many homeowners. However, we generally recommend that you should pay in cash (through a home equity loan or a second mortgage) if you can. This solar energy benefits will bring in more long-term savings.
3. Low Payback Period
If you choose to pay in cash, the payback period is in many cases less than ten years. In some areas, it takes homeowners on average 5 years before the monthly savings (in terms of lower electricity costs) meets the total costs of the solar system.
4. Take Advantage of Incentives
You will get 30% of total system costs back (equipment and installation). This means you would save $7,500 on a solar system worth $25,000. Combine this with state and local rebates, solar energy department, and total costs can be cut in half. Solar energy benefits take advantage of incentives while they last.
5. Increase Your 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 (a measurement of a energy efficiency).
6. Guaranteed Performance
Solar panel manufacturers include a 20- to 25-year warranty (also known as a performance guarantee) with their solar panels. The industry standard guarantees 80% performance after 25 years.
The real lifespan of solar panels is much longer – your solar panels will likely generate a good amount of electricity 30-40 years down the line.
7. Solar is a 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).
8. 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.
9. Create Energy Independence
You can help to reduce dependence on foreign energy. We will inevitably run out of oil, coal and natural gas. While we continue our consumption of these increasingly expensive and dangerous energy source, our national security and economy suffers.
Solar is one step in the right direction.
10. Solar is Easy
Shopping for solar used to be a long and complicated process. There are hundreds of solar factories in China. It would take you weeks to find the best solar deal. Luckily things have changed.
To go solar has never before been easier. Our company of independent solar products manufacturer will help you sort through your options. To see how much you can save, and for all other solar questions, request a free consultation. There’s no obligation.
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