Is buying solar panels for home worth it? How long will it take to get your money’s worth? Click here to learn everything you need to know.
The US solar industry had a record year in 2020. In fact, solar panel installations increased by 43% year-over-year. The US now has 97 gigawatts of total solar capacity installed.
That’s nearly enough to power 17.7 million homes in the US.
Is buying solar panels for a home worth it? Keep reading to find out!
After reading this guide, you can recognize the potential benefits of buying solar panels for your home. Then, you can make a more informed decision before you shop around.
Read on to discover whether or not buying solar panels is worthwhile today!
One of the main reasons people decide to buy solar panels for a home is to save money.
Switching to solar power can help you reduce your monthly utility bills. You can even gain freedom from the electrical company. Avoiding peak electricity rates can help you save long-term.
If you’re concerned about your monthly energy bill, consider buying solar panels for your home.
Tax Breaks and Cash Incentives
You can also save money by benefiting from tax breaks and cash incentives.
Consider applying for a federal tax credit if you purchase your home solar system. You can gain cash rebates as well.
Solar renewable energy credits (SRECs) allow you to earn a return on the solar energy you produce. Many states in the US set a Renewable Portfolio Standard (RPS), too.
You can sell SRECs to get money from the electrical company.
Help the Environment
About 77% of US adults prioritize alternative energy sources over fossil fuels.
Buying solar panels for a home can protect the environment. For example, you can reduce air pollutants, which could impact your overall health.
Reducing our dependence on fossil fuels can help us avoid asthma, allergies, and other serious health issues. Instead, we can fight climate change by minimizing CO2 and pollutant production.
Increase Your Home’s Value
Researching the best solar panels to buy for a home can help you improve your home’s value.
Potential homebuyers will notice the difference between your property and others in the area. They might want to choose your home instead. You could even speed up the sales process while increasing your asking price.
You can add solar panels to your home today here: blueravensolar.com/state-ohio/solar-panel-installers-cincinnati/.
Help Your Neighbors
Your neighbors might find themselves out of power if a natural disaster strikes. Remember, you can sell your excess power to the electrical company. Then, you can send that electricity back to the grid.
Your neighbors can benefit from the power you generated.
Meanwhile, you can make money from the electrical company. You can even use net metering to receive a credit for future use.
Soak Up the Sun: Is Buying Solar Panels for a Home Worthwhile?
To recap, is buying solar panels for a home worth it? Definitely! Once you buy solar panels for your home, you can save money and make money.
You’ll also protect the environment and boost your property’s value.
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