Since 2014, the average cost of solar panels has dropped by nearly 50%. This means that solar energy is more available and affordable than ever. If the price is not a reason enough for you to jump onto the solar energy bandwagon, other reasons are beneficial. Read on to learn about 4 benefits of solar energy.
1. Lower Utility Bills
One of the most obvious benefits is having lower utility bills. Local rates can be high and there’s only so much you can do about it. Turning off the lights more and easing back on the A/C will only make a dent in the savings. If you want to save big, you need to choose a home solar system that can control your electricity costs better. If you have higher electricity, you can probably save the most by switching to converting to solar power can save homeowner thousands.
You can also save money by getting a premium solar warranty in the event of unforeseen circumstances.
There are federal and state incentives you can enjoy as one of the benefits of solar energy, deduct 26% of the cost spent on your home solar system form your federal income taxes. Check with you local governments to see if they offer tax exemptions.
3. Increase in Home Value
Solar is a safe investment and a wise one to make. According to real estate information company Zillow, in some states the answer already is yes. Zillow’s research indicates that in the same way homeowners are willing to pay thousands of dollars for renovations like a new kitchen or finished basement, they need to evaluate the return on investment from investing in solar energy.
Installing solar panels in a home not only helps to reduce current monthly utility bills; it can potentially increase the home’s value by up to 4.1% more than comparable homes with no solar panels, according to recent solar research done by Zillow — or an additional $9,274 for the median-valued home in the U.S.
4. Healthier Air
You don’t need a solar farm to tap into the benefits of solar power and make a difference — and you don’t need a huge bank account, either. According to Solar Power Authority, solar panels make it simple and affordable to adopt solar power no matter where you live or what your budget is. And if you want to help bring back clear skies to our urban areas, solar panels will help. They don’t produce any harmful emissions, and panels also reduce the overall amount of energy needed for every building they power. Most solar panels made today are strong enough to endure high winds and heavy snows, making it possible for people in nearly every climate to use solar panels for energy.