The biggest advantage of switching to solar is that after the initial investment in solar panels, solar energy systems are powered by the sun, and of course, sunlight is free.
Home Value Increase
By investing in solar panels, you are likely to increase your home’s value. Solar installation can be considered a home upgrade and more attractive to savvy homebuyers in the market.
Lowered Electric Bill
According to the U.S Energy Information Administration, the average electricity consumption for a U.S. residential utility customer was 914kWh per month. Currently the average electricity rate is 13.19 cents per kWh, which means the average electric bill is around $120 a month.
Your electric bill is dependant on several variables, however, it is possible to reach the minimum payment on your electric bill after going solar. Depending on the size of your solar system and how much energy it produces, you should see a significant drop in your electric bill month-to-month.
Return on Investment
In the long term, solar panels function as investments with strong rates of return. According to EnergySage, the average payback period in the U.S. is close to 8 years. The payback period is dependent on system cost, electricity usage, discounts, rebates and the cost of your local energy. Over the last few years solar panel prices have continued to decrease, making this clean energy more accessible to homeowners.
Environmental Benefits – Clean Energy
By choosing to install a solar system in your home, you are reducing the amount of carbon and other pollutants that are emitted into the environment. Help contribute to cleaner air in your community and choose the renewable energy source.