You are probably aware that there are many advantages of solar energy. However, if you are trying to decide whether or not to make the switch to solar, you are probably wondering if it is the best option on the market. Read on to learn four of the main reasons why solar energy is the best choice for you and your family.
1. Switching to solar energy will reduce your electric bill
One of the main reasons that solar energy the best choice for your household is that it will immediately reduce your electric bills. The savings from installing solar panels varies depending on a variety of factors, the most important of which is the rate of electricity in your area. Studies have found that depending on your location, solar power will save you anywhere from $7,000 to $30,000 on your electric bill over a 20-year period. 2017 estimates from Energy Sage show residents in Massachusetts, California, and New York saving the most on electricity, while those residing in Washington and Texas saved the least.
2. Solar panels are durable & low maintenance
Another reason that solar energy is the often the best choice is that, although the initial installation cost of solar panels can be expensive, they are extremely durable and require very little maintenance over their lifetime. Since solar panels do not have moving parts, they do not experience wear and tear, ensuring they will last for years without the necessity of replacement or repair. Solar panels also undergo extensive testing to guarantee they will not be damaged in even the harshest weather conditions. Although the chance of damage to your solar panels is very small, most systems also include a 30-year warranty, so if damage does occur, you are covered!
3. Incentives are making solar energy increasingly affordable
Let’s be honest, the upfront costs of installing solar panels are costly and can be intimidating! However, the Federal government, local governments, and even utility companies offer a variety of incentives and savings options that make solar energy an increasingly affordable option. Some of these incentives include an investment tax credit from the Federal government for 30% of your solar panel system, solar renewable energy certificates (SRECs), which can be sold to utility companies to help them meet solar energy requirements for your state, and cash rebates which are often available from states, cities, and even utility companies.
4. Installing solar panels increases the value of your home
Improving the value of your home is another reason that makes solar energy the best choice for your family. Similarly to being located in a good school district or in an area that has low property taxes, having solar panels which reduce electric costs is a factor that will increase your home’s appeal in the real estate market. If fact, a study by the U.S. Department of Energy demonstrated that the average sale price of homes with solar panels increased by approximately $17,000. Another study from the National Renewable Energy Laboratory found that properties that had solar panels sold 20% more quickly than other comparable properties in the area.