5 Benefits of a Solar Panel Installation For Your Home
Solar energy is not a new concept for most people. Installing solar panels for homes and businesses have become extremely popular within the past few years. In fact, back in 2012, the U.S saw a rapid growth in sales of solar energy, at a whopping 76 percent.
Before, mostly businesses used solar panels, but now a huge number of homeowners have decided to install solar panels in their own homes. What is the reason why so many homeowners choose to go solar? It’s simple. Solar energy has a ton of benefits that are hard to resist. They are listed below.
- Reduce electricity bills or even completely eliminate bills
By installing solar panels for your home, you get to save a ton of money on electricity bills. Electricity bills make up a fairly huge portion of our monthly expenses. But if you switch to solar energy, then you can drastically reduce your bills. It’s even better if you can completely rely on solar power to run your house. You won’t have to pay electricity bills at all!
- You have the option of pay-as-you-go solar
Pay-as-you-go-solar is a financing option for homeowners so they can harness solar energy by paying the minimum amount of money through solar leasing and solar purchase power agreements (PPAs). The solar company will own your solar panels, taking care of all maintenance and repair works. All you have to do is pay them for the electricity, which is much lower than the normal electricity bill.
- Solar panels are great investments
The great thing about solar panels is that even though you may have to pay some amount for their purchase, this amount will be paid off in the next five to seven years. This is because solar energy is so cost-efficient. You save a lot of money on bills and after the amount you spent on purchasing and installing them is covered by your savings, you can expect returns, around 20 percent or even more. Besides, they require little maintenance.
- Increase the value of your home
Homes with solar energy systems are more attractive and are priced at a higher value. A National Renewable Energy Laboratory (NREL) study found that homes that have solar panels installed sell 20 percent faster than those that don’t, and cost 17 percent higher. This shows just how huge solar energy is getting, as appraisers now consider solar installations when determining home values. Besides, with more people becoming more environmentally conscious, more homebuyers will start to prefer homes equipped with solar panels.
- Do not harm the environment
One of the major advantages of solar energy generated from solar panels is that it is not harmful to the environment. With the growing need to save the environment, solar power is a great way of reducing your carbon footprint. It one of the most effective ways to individually reduce carbon emissions and do your bit towards contributing to a sustainable development.
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