You probably think you know all of the benefits of solar power, right? You’re thinking you know it’s cheaper to run and it’s more friendly to the environment?
Well, these things are of course true, but there are a number of pros of solar energy that you probably don’t realize. From increasing the value of your property to benefiting from government incentives and advancements in solar technology, there are a lot of benefits of installing solar power.
Are you considering installing solar panels on your home? There are many benefits of solar power that extend beyond just cutting your electric bill. Read on to find out more about them.
1. Lower Your Energy Bill
This is really the big one. The economic benefits of solar energy are well known. The major benefit of going solar is that you will significantly reduce your energy bill. Exactly how much you can save with solar power is dependent upon how much of your home will be powered by it.
If you are interested in connecting the rest of your home to a solar power supply, you can expect to make significant savings on your entire energy bill. However, if you are uncertain about it, a solar hot water heater is a good place to start – just see the difference in your bills.
Electricity prices are expected to rise by around 3% each year for the next few years, and will likely increase at similar rates going forward. By investing in solar infrastructure as early as possible, you are not just giving yourself a year to year saving. The long term saving to be made is balanced against energy prices 10 or 15 years from now.
2. Decrease Your Carbon Footprint
Your carbon footprint is going to decrease at the same rate as your energy bill decreases – win-win. By switching to the renewable energy of the sun’s heat, you will no longer rely on the gas and electric grids.
These systems use up enormous amounts of energy, burning fossil fuels that are transformed into electricity and then transported to you. This whole process is not energy efficient.
You can skip it all by producing your own energy supply right at home.
3. Earn Money Back from Government Incentives
The federal government, as well as state and local governments, are trying to encourage people to go solar. This is to help lower the country’s carbon footprint, but also to decrease demand on the energy system, which is under a lot of pressure.
These governments are therefore actually paying homeowners for each kWh that they save in energy consumption. This is real money in your pocket.
You can check South Carolina’s solar energy incentives here.
You can also check out what the rebates and incentives are nationwide to see the extent of the solar initiative.
4. Increase the Value of Your Property
A further economic benefit of going solar is that you can significantly increase the value of your home. You may wish to consider this even as a short-term project if you are trying to turn over an investment property.
Solar-powered homes are so much more valuable on the market because people know that the purchase price is being discounted by the years of energy savings they will make. But solar homes also have a reputation for being cutting edge, and so having the technology lifts the whole profile of the property.
Also, if you have a mortgage on your home and you are looking to refinance, installing solar is a really good way to up the value of your home to increase your equity.
Whatever stage you are at in owning your home, though, installing solar panels sooner rather than later is most beneficial. The pros of solar energy are most significant when compounded over time.
5. Benefit from Future Technology Advancements
The solar industry is booming in America. So much money is being poured into solar technology that energy efficiency is going to continually improve.
If you already have all of the solar infrastructure integrated into your home, you will be first in line to benefit from upgrades.
6. Low Maintenance Costs
Surely you think that all of these solar power benefits come with a major downside – maybe significant upkeep costs? Think again.
Solar systems are actually extremely cheap and easy to maintain. Usually, it is enough to just make sure the panels are clean a couple of times a year.
7. Improve the Look of Your Home
If you thought solar panels made your home look unattractive, then you need to check out Thin Film Solar. Thin Film Solar is an incredible innovation in solar technology that makes your roof look aesthetically brilliant, while also making the most of all the time it spends under the sun.
Benefits of Solar Power – Why Wait?
If you are weighing up the solar panel pros and cons, the two categories aren’t even close. Solar has a reputation for being a little bit more expensive – sure, a solar system is a bit more expensive than a cheap electric water heater that sets your energy bill on fire with its poor efficiency.
But the costs are actually nonexistent when you take into consideration all of the savings you can make by installing solar. Not only do you benefit from cheaper energy bills, but you also earn money from government incentives, and you increase the value of your property.
But solar panel benefits are not limited to money. One of the most significant ways that you can reduce your carbon footprint is to cut down on energy usage, and there is simply no better way to do that than through installing solar in your home.
The benefits of solar power are obvious. If money really is a short-term issue, you should look into financing your solar. Once you’ve got your solar power installation financed, there are really no more excuses.
So, do you feel like starting to save and even earn money with solar today?