We can’t stress the importance of going green enough, with so many indications that our planet’s running low on its natural resources. People are increasingly becoming more aware of the benefits of using renewable energy sources, such as the energy of an ever-blazing star – the Sun. And it’s not that there are more solar enthusiasts, but there are more residential installations done these days, as solar really saves money and is affordable.
The interest in solar energy has always been on the increase, since the first time it was introduced. Since 2006, the costs of solar panel installations have dropped 73%. According to SEIA (the Solar Energy Industries Association), more than 66,000 new solar systems were installed in the first three months of 2015, making a total of 700,000 households that use solar energy in the U.S. If that’s not enough, we give several more reasons on why you should consider installing solar panels.
1. Home value increase
Solar panels increase the value of a property by 6%. There are more than a million houses with solar panels in the U.S. alone, and an increasing number of home buyers want this feature on their new home. They want to be free from high electricity bills, and according to a research by the Department of Energy, some home buyers looking for a house with an average-sized solar system are willing to pay a premium of $15,000. The cost per watt is around $3 (with an average solar system using 3,600 watts) and is expected to drop more in the future.
2. Energy security
Utility companies can dissolve, fossil fuels can run out, and generators can break. However, the Sun won’t stop shining anytime soon. The humankind uses just about 0.0001% of the Sun’s energy, while it provides about four million tons of energy every second. In order to power your home, solar panels need only a tiny piece of that solar energy. You’ll never have to worry about it running out.
Also, you’ll decrease your energy reliance and become independent from energy providers. The rates on solar energy can’t ever be increased, which is not the case with local utility providers. There’s even an option to sell your surplus energy back to the grid.
3. Less environment pollution
By installing a solar system, you can offset about 178 tons of carbon dioxide of a period of 30 years. This is equivalent to planting ten football fields full of trees, and the carbon footprint per unit of solar energy production is 95% lower than that of power plants that run on fossil fuels. Burning fossil fuels (coal and oil) contributes to devastating global warming effects, slowly destroying our planet’s ozone layer. Solar energy doesn’t harm the environment and uses energy that’s already present, and your partake would definitely add to positive changes in the environment.
4. Save money
Solar panel owners can save an average of $44-$187 per month during the first year they own their panels, which adds up to $528-$2,244 in a year. For example, a 5kw solar system will produce 20KW/h daily on average, which will equal up to $1800 in power savings each year. Over the course of 20 years, depending on your location, you can save between $20,000 and $64,000.
5. Low maintenance
Solar panels don’t require much maintenance, providing the user with low upkeep. You only need to keep them free from leaves and snow, and other than that they’ll never bother you. There are companies that provide a 25-year warranty for solar panels.
6. Earn tax credit
Both commercial and residential properties are offered a 30% solar tax credit from the U.S. government. Many state governments offer additional tax credits also, which should definitely convince you in the benefits of solar power, if you’re not convinced yet. This tax credit allows you to deduct 30% of your solar energy system installation cost from your federal taxes and will remain at 30% until the end of 2019. Next to all the monthly savings, this is just a cherry on top.
The important thing is that technology itself has been proven, and homeowners should feel comfortable with the fact that solar has become an affordable, reliable, and clean energy source. Keep in mind that there are no two solar setups that are the same, and even if two homeowners got the same financing deal from the same company and equipment, geography, shadows, and various electricity demands could create different solar yields.