Homeowners in the U.S. fancy a comfortable atmosphere inside their dwellings, which is why this country accounts for a huge percentage of fossil fuel consumption to light up, heat, and cool residential settings. While the reliance on heating oil, natural gas, and electricity won’t go away at least in the foreseeable future, it is good to know that an increasing number of homeowners now realize the value of finding more efficient and renewable energy sources. This is where going solar makes a good case for consideration.
If you’ve heard about solar power systems installed in homes, then it’s safe to bet that you at least have some idea how it works. Now the question is do you have enough information on the advantages it presents to a homeowner like you? Well, if you still aren’t convinced to install solar panels in your home, maybe the information provided below might change your mind.
- First of all, going solar opens up the possibility of saving thousands of dollars in energy expenses. You can’t deny the fact that a big percentage of your monthly income is spent on paying energy bills. But if you add solar panels to your home, there is a chance of saving at least $100 in monthly energy costs. Since solar power systems, including the panels installed on top of your roof, are expected to last for decades, it means the upfront cost of installing them is not really a concern if you can save thousands of dollars in the long run.
- Unlike other alternative energy sources, one of the best things about going solar is that you begin saving from the first day you use the new system. This is made possible through solar purchase power agreements and solar leasing, wherein homeowners can avail of the option of installing a solar power system with very little upfront cost or minimum down payment. There’s a practical option of working with a third party company, usually the solar provider, which owns the system and handles the installation, maintenance, and repairs. Your responsibility in this arrangement is to simply pay the company for the electricity, but a lot cheaper compared to the electricity you’re paying to the power grid or utility company.
- There also is a low payback period in going solar, which in turn is a significant advantage for homeowners who are utterly concerned about expenses in the long run. For instance, if you decide to purchase in cash, the payback period is less than ten years. It means you’re getting a return on your investment in the shortest span of time possible.
- Of course, there always is the notion of increasing the value of your home if you choose to install a solar power system. If you plan on selling your home in the future, you expect to get a reasonable purchase price mainly for the integrated solar power system. Obviously, prospective home buyers see it as a convenient addition to the home. With a property reinforced with solar panels, it corresponds to lower electricity costs in the years to come. So, any buyer will most likely be willing to pay for it.
Another reason why it is overwhelmingly advantageous to install solar power systems at home is that you eventually get qualified for tax credits and incentives. If you live in the U.S., you should be lucky enough to know that the government is quite serious about giving due credit to homeowners who embrace the initiative of using renewable sources of energy. In fact, there’s a chance that in choosing a solar power system that’s worth $25,000, you may be able to save around $7,000. That right there should be enough to convince you to take the necessary step in switching to a solar powered system. Best of all, the sun provides the energy for this system to use. Unlike fossil fuels, the sun is an infinite and unlimited resource.