There are lots of benefits
Whatever could be your reason for going solar, maybe it’s personal, environmental, or economic related, we are presenting you this ample list of solar power benefits.
Relax and prepare your mind as we take you through this top six reasons why you should consider solar energy in your home today.
These 6 reasons should convince you to go Solar
1. Your electric bills get reduced drastically if not completely eliminated.
It doesn’t matter if you’re a homeowner, business, or nonprofit, just your electricity bill could sum up your largest monthly expenses. If you have a solar panel system, you can produce free power for your system’s entire 25+ year life cycle. Solar will help you save a lot of money with a significant reduction in your utility bills either you produce 100 percent of the energy you consume or not.
2. Receive a great return on your investment
One of the best ways to invest is solar. Solar panels aren’t in any form an expense. The returns you get from investing in solar is transcendent to other traditional investments like bonds and stocks. Average American homeowners can now procure their own solar panel systems by paying off in seven to eight years. Sounds good right? not just that, they also get to receive a minimum of 20 percent ROI. This is all thanks to substantial electricity bill savings.
3. Protection against rising energy costs
With the use of solar panels, you hedge utility prices. This is no doubt one of its laudable benefits. In few years back, residential electricity prices often increase on an average of three percent annually. When you invest in solar now, you have the ability to set your electricity rate and stay protected against unexpected increments in electricity costs. Either you are a homeowner or business with an uncertain cash flow, solar helps you manage your expenses judiciously with a better forecast.
4. Jobs creation and assist your local economy
In accordance with The Solar Foundation, the solar industry has served as an icon of job creation in the US at an incredibly immense rate by representing 1.2 percent of all jobs in the country. This outgrowth is likely to continue. Jobs that are solar-related pay higher and can’t be outsourced. They are substantial contributors to the United States economy.
5. Increment of property value.
Diverse studies reveal that homes that are furnished with solar energy systems have higher property values which help them sell faster and richly than homes with no solar. A home that is installed with solar gains attraction, consideration and recommendation from appraisers. With the advent of more knowledge about solar, homebuyers are more interested in properties equipped with solar panel systems, thus, increasing the demand rate of such houses.
6. Protect the environment
The best way to reduce your carbon footprint is through solar. 38 percent of all carbon emissions in the United States comes from buildings. This simply illustrates that the number of carbon emissions can reduce significantly when people go solar.