Energy prices are on the rise. Do you ask yourself, “should I get solar panels?”.
According to the US Energy Information Administration, energy prices have been steadily on the rise for several years running. If you’re noticing a price hike on your bills, then you’ll want to consider some other options.
Today, we’re going to tell you how solar panel installation can help you lower your bills while helping to fight climate change. Solar power is becoming more affordable with each passing year and it can help you minimize and even eliminate your energy bills. Keep reading and you’ll understand what the best path forward for your finances is.
1. Eliminate Your Bills
If you get a large enough solar panel system, there’s a really good chance that you can completely eliminate your monthly utility bills. This is one of the biggest reasons why people decide to go with solar energy these days.
Energy bills are always on the rise, so being able to cut those costs can be extremely helpful. In some cases, you may even be able to sell excess energy back to the utility company. With things like SRECs, you can continually make money from the power you generate with your solar panels and break even quickly.
2. Lower Installation Cost With Incentives
Solar panel installation can be intimidating because of the up-front costs. If you don’t know how the process works, then you may think that solar panels cost upwards of $25,000. With solar incentives and tax breaks, you can lower your installation costs by up to 50%.
In particular, the federal investment tax credit allows you to instantly claim 26% of your solar panel costs. Depending on where you live, you may have access to similar state credits. There are also local rebates that you can take advantage of.
3. Makes Your Home More Valuable
According to EcoWatch, each kilowatt of solar energy that your solar panels have will increase your home value by around $6,000. If you’ve got a standard solar panel setup – 4kW – you’re looking at a potential $24,000 boost should you decide to sell your home.
They’ll also make your home more enticing. More people are becoming aware of the benefits of solar panels, in addition to becoming more environmentally conscious. Having solar panels already installed on your home will attract more buyers and create a bidding war.
4. No More Grid Problems
One of the more underrated cost-saving benefits of having solar panels is when the power grid goes down. Everyone’s experienced a power outage where they’ve had to either use backup generators or throw out food as a result.
With a solar system installed by a solar panel technician from a top rated solar company, you’ll be completely self-sufficient. Even if you’ve got a smaller system and partially rely on the grid, your solar panels will keep your appliances running during an outage.
Fight Those Rising Energy Prices
Rising energy prices make it clearer and clear that solar panels are the answer, both now and in the future. Now that you understand the cost-saving benefits of solar panels, it’s time to get yours. Google, “solar panels near me” and find the right company for you.
Did you find this post helpful? Come back for more home and tech tips.