Are you planning to switch to alternative energy?
Only about 6% of American households use solar energy. It’s becoming more popular throughout the years because of the solar savings. However, a reduced electricity bill is not the only advantage.
In this guide, we will explore various solar benefits for your household. Read on and find out how renewable energy can help you:
- Achieve Energy Independence
Nowadays, the world offers unlimited choices. Why limit your home to a single power source? Solar energy allows you to achieve energy independence and control your energy options.
Solar panels gather sunlight and convert UV rays into energy, keeping your home operational the entire day. This power source decreases your dependence on the grid. You will only switch back to the usual source at night or during cloudy days.
- Reap Tax Credit Rewards
When buying your home solar system, federal and state tax credits may apply. Most homeowners purchasing a solar power system can claim the former on their federal income taxes.
Meanwhile, the latter will depend on your state. The most common benefits you reap from states offering incentives include:
- Solar Renewable Energy Certificate (SREC) payments
- Income tax credits
- Property tax exclusions
The most lucrative state incentives are from Hawaii, California, and Illinois. Expect property tax exemptions and other monetary gains.
- Avoid High Utility Rates
Most homeowners switch to solar because it alleviates high energy bills. When you use less energy from the grid, everyone benefits. If you live in a state with high energy rates, a solar power installation can make a huge difference. This is especially true for anyone on TOU plans.
Take note, an average American home uses almost 900 kWh of electricity every month. Your bill could exceed over $200, depending on your location. It doesn’t consider the days when you’re using more energy than the average.
- Increase Your Home Value
When you install solar panels in your home, your home resale value increases. In most cases, every dollar of solar savings adds $20 to the house’s future value. These installations also make your home easier to sell.
Your tax incentives and grid energy savings add more value to your home. You will reap a large return on investment throughout your solar panels’ lifespan. Make the most out of your solar system by hiring reputable contractors.
- Less Maintenance
One of the best perks of owning solar panels is the ease of maintenance. They are durable enough to withstand various weather conditions, such as wind, rain, and hail.
The best part is you can clean and inspect your panels without professional help. In most cases, the rain will wash debris off the panels.
Invest in Solar Benefits Now
These are the best benefits of solar panels. Use these solar benefits to determine whether they are worthy of your time.
However, learning about the advantages is half the battle. Search for the best solar panel type for your home.
Are you looking for more helpful guides? Please consider checking out our other articles today.