Solar power is the fastest-growing new energy solution for most homeowners and many businesses. With rising energy costs, worldwide environmental concerns, and more, homeowners have a number of companies and, depending on where they live, a number of incentives to move to a solar-based energy plan. If you are looking into investing in solar power for your home or business, here are five good reasons to do so.
Lowering Energy Bills
Historically, the cost of solar has been the biggest barrier to homeowners embracing it. However, there are not only a lot of long-term affordable options for installation and setup of solar panels but the monthly cost of solar panels, in many cases, takes the place of a lot of an average standard energy bill.
This is due to the fact that solar energy that you generate from your panels being free for you to use. For example, if you pay $150 on a regular power bill now, your power bill itself may go down over $100 or more a month; once those panels are fully paid for, the cost savings in your energy bill remain. Over time, you save a significant amount of money.
Rising Home Value
Once solar panels are installed, it immediately adds value to the home. Your home’s asking price can manage a 4% increase in overall value or more solely due to the solar setup. Additionally, you can bundle the remaining payments on your solar plan into the cost of the home, if your buyers are willing.
Reducing Carbon Footprint
Solar power is popular due to its relatively clean capture. Every kilowatt hour’s worth of solar energy used is a kilowatt-hour that did not require burning coal or other non-renewable sources. An average of 3.5 tons of carbon emissions is cut per year with every new home solar installation.
Overall Energy Independence
When you use solar power, you are generating power passively directly from the sun. The more people rely on power in this fashion, the less that municipalities and larger governments need to rely on imported raw material for generating electricity. This allows your community and the surrounding areas to be more self-sufficient and overall cost-saving when it comes to energy expenditures and only grows with every new solar installation.
While most solar panels are manufactured in other countries, the overall solar industry is populated with local and talented staff. Most funds spent purchasing a solar array go right back into your local community, aiding the local economy as well as ecology.
As time goes on, solar installation costs will go down over time, as they have been over the past 10 years. While occasional pinches in supplies may come about (depending on the supply and demand in your area due to COVID), the overall, long-term cost will dwarf the overall savings and convenience of solar power. Once solar home batteries are more widely available, inconvenient blackouts may become a thing of the past, depending on the power stored. If you are considering a move to solar, there are far more positives and few-to-no negatives to consider.