Buying Solar Panels: In 2020, the US added 19.2 gigawatts of new solar energy capacity. To put that in perspective, one gigawatt of energy can power up to 190,000 homes. And with the solar energy industry expected to quadruple by the year 2030, it might be time to see what the buzz is all about.
Why has solar experienced so much growth in recent years? Technological advancements have made solar panels more affordable. And solar power comes with many perks that encourage homeowners to have solar panels installed.
If you have been thinking about buying solar panels, here are five perks to help you decide if solar energy is right for you.
Reduce Your Energy Bills
Who doesn’t want to pay a lower energy bill each month? Solar panels convert light from the sun into electricity. You can then use this electricity to power your home rather than use electricity from your utility provider.
Electric companies often charge by kilowatt-hours so the more you use the more you pay. Solar panels save you from using power from your utility provider, reducing what you are charged for by your provider. Over time, the reduction in energy bills to your home helps pay for the cost of buying solar panels.
Buying solar panels, installing them, and maintaining them do come at a cost. So, how will you know the number of panels you’ll need to reduce your bill and meet your energy needs? Blue Raven Solar has a helpful guide about just that so you can get the most out of your solar panels.
Do Your Part for the Environment
The impact we as humans have on the environment has been a hot topic for years. Many people are looking for ways that they can reduce the damage they cause to the environment. Solar panels are one way people can be more eco-friendly.
Solar power is a renewable energy source. So, unlike coal or gas, we don’t have to worry about running out of it. Solar also provides a cleaner type of energy than its non-renewable counterparts. So, buying solar panels for your home helps reduce your carbon footprint.
How exactly does solar positively impact the environment? It does the following:
- Reduces air pollution
- Reduces use of and dependence on fossil fuels
- Reduces water use
Earn Tax Credits and Rebates
Since solar has such a positive impact on the environment, government officials are working to encourage individuals to make the change to solar power. As a result, they are offering tax credits and rebates as incentives for homeowners to buy solar panels.
Each state and local might have different incentives so it’s best to check what is in your area. The US Government has a Federal Tax Credit for Solar Photovoltaics that allows you to receive a tax credit of a percentage of the cost of your solar system. Incentives reduce the overall cost of buying solar panels.
Increase Your Home Value
Solar panels can be a selling point that sets your home apart from others. Like a kitchen or bathroom remodel, they are considered an upgrade that buyers will pay extra for. Buyers might want to buy a home with solar panels already installed to avoid the hassle and cost.
Reduce Your Energy Dependence
By installing solar panels on your home, you can supply much if not all of the electricity you need. You won’t have to worry about your local power company raising your rates. This will make you less reliant on the grid and gives you control over your energy and bills.
You can also configure your system to work during a blackout. So, you can still have power even if the power goes out.
Don’t Miss Out on the Perks of Buying Solar Panels
Solar energy is a trend that is here to stay. With perks like a lower electric bill and increased home value, it’s easy to see why more people are buying solar panels. So why not jump on the trend now and start saving.
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