There are many reasons why homeowners go solar. Here’s how solar can work for you.
Chances are, you are already harnessing the power of solar to utilize devices around your home. Whether it’s calculators, cell phone chargers, portable radios, or even decorative items, such as porch lights and garden stakes, solar is becoming the norm in more ways than we realize. Beyond decorations and mobile devices, solar can work for you on a much larger scale, powering your home and appliances, all while reaping a host of benefits. Here’s how a solar panel system can work for you.
Solar can lower your electric bill.
Financial benefits come in more than one form of savings. In addition to lowering your monthly electric bill, the purchase of solar panels could qualify for other incentives, such as the federal investment tax credit. This tax credit can offset a considerable portion of your home’s renewable energy purchase. New York is one of the only states to also offer a state tax credit, worth up to $5,000!
You can say goodbye to electricity rate hikes.
While utility bills will rise over time, the energy generated by the sun is always set at a nice price: free! Solar power’s renewable nature means that you’ll be able to avoid most or all of the costs associated with getting electricity from the grid.
Solar panels can increase your property value.
While some may expect a rooftop solar panel system to devalue a home, it actually does the opposite. Solar panel installation is considered a capital improvement. A potential homebuyer will see just how much they could save on electric bills and, in most cases, are willing to pay more for a home with solar panels already installed. In fact, according to a study funded in part by the Department of Housing & Urban Development and the US Environmental Protection Agency, a home’s value increases by $20,000 for every $1,000.00 reduction in annual operating cost resulting from energy efficiency.
You can reduce your carbon footprint.
Solar power systems derive clean, pure energy from the sun. When you install solar panels on your home, you immediately begin to combat greenhouse gas emissions by reducing your collective dependence on fossil fuels.
Is solar right for me?
Installing a solar energy system is a fantastic way to reduce your electricity bills, cut down on pollution, and increase the value of your home.
If you’re curious about solar and how it can work for you, it’s a great time to check out your options.