With rising energy costs and concerns about the environment, many people are considering whether they should solar panels for their home.
These days, solar panels are not only more efficient but also cheaper than ever.
So if you are trying to decide whether they are a good option for you, be sure to consider these top five reasons to invest in solar energy.
1. Lower or Even Eliminate Energy Bills
It doesn’t matter whether you own a small business, a large home or even a nonprofit, electricity bills can be costly. Even during Spring and Fall months with more balanced temperatures average energy bills can be well over $100 a month. And these costs add up!
Solar panels have a lifespan of roughly twenty-five years which means, in the long run, they can pay for themselves! And even if you cannot match your complete residential solar power energy needs, these savings add up significantly.
2. Get Some Incredible Returns
Choosing to invest in solar energy is a great way to see an incredible return on your investment. Solar panels lower your electricity expenses and save you tens of thousands of dollars over time.
Solar power also helps raise the value of any home they’re put on.
You may be asking yourself: How long does it take to break even with solar panels?
While the ultimate answer to this question comes down to a variety of variables, most homeowners manage to pay off their installation in just seven to eight years which gives them a long time to watch an ROI of often twenty percent or more!
3. Fight Rising Energy Costs
Energy bills always go up.
It doesn’t matter what the price of oil, coal, natural gas, hydro or whatever is, utility companies always find a way to increase your bill.
When you invest in solar energy, you are greatly insulated against these price increases.
4. Protect the Environment
On average, the usual home solar system can remove between nearly four tons of carbon emissions every year— this is the rough equivalent of planting over 100 trees each year!
If you’re looking to help make the air a little cleaner and the forests a little healthier, solar power helps you do just that.
5. Increase Property Value
Homeowners are constantly trying to figure out ways to improve the home’s value.
You never know how a design change will impact your home. For example, prospective buyers may not be interested in the granite countertops you installed in the kitchen.
However, numerous studies have confirmed that homes with solar energy panels sell more quickly than the non-solar counterparts and or higher prices. This is because demand for solar has skyrocketed over the last ten years as utility company electricity prices keep rising.
So Many Reasons to Invest in Solar Energy
When you choose to invest in solar energy, you are choosing to not only make the environment a better place but also save yourself a ton of money over time. It just makes sense.
Best thing is that if you ever have any issues, most quality systems are covered by warranty for 25 years.
For more information, read our post about House Upgrades that Increase your Home Value.