More American homeowners are tapping into the sun’s power as a recent report shows that about 4% of homes in the U.S. rely on solar energy. If you’re a homeowner looking for a way to save on your energy bill, you may also be considering installing solar panels on your home.
However, you may not be sure if solar panel installation is the right decision.
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Solar panels offer several benefits, both for the environment and your wallet. They can provide a sense of security in the event of a power outage.
With so much to gain, there’s no reason not to explore the possibility of going solar. If you need more convincing, read on to learn about the benefits of solar panel installation.
Table of Contents
1. Reduce Your Energy Bill
Solar panel installation will help you reduce or eliminate your power bill. You’ll produce enough electricity to power your home if you get the correct solar panel size.
You can also use batteries to save energy for later. This means you’ll stop relying on grid power, and you’ll bid goodbye to energy bills.
You might need to pay only a small fee to remain connected to your utility provider. However, this will be too little compared to what you would pay per month if you’re entirely reliant on-grid electricity.
2. Control Electricity Cost
If you’ve been paying attention to the trends in electricity costs, you know they have been rising and will continue to spike in the summer.
In 2021, the electricity price increased by 4.3% to reach 13.72 cents per kilowatt-hour (kWh). The price hikes mean that you’ll still pay a higher bill even if your electricity consumption doesn’t increase.
Installing solar panels will allow you to get around this increasing cost. Solar panels will produce electricity independently. You’ll have your own power, and the energy market’s tides won’t affect your electricity production or cost.
3. Reduce Your Carbon Footprint
Solar panel installation is an excellent way to help the environment by reducing your carbon footprint. Solar power doesn’t produce greenhouse gases, which are a leading cause of climate change.
The panels produce electricity by converting sunlight into D.C. power. This process is completely clean and emits no carbon dioxide or other greenhouse gases.
By switching to solar panel electricity, you can do your part in saving our planet. If you care about leaving a better world for future generations, this is a compelling reason to go green by installing solar panels.
4. Get Tax Incentives and Rebates
The U.S. government offers tax incentives for homeowners who install solar panel systems. Through the Solar Investment Tax Credit (ITC), you can get a 26% reduction in your federal taxes. This is a significant saving that can make a big difference in your solar panel installation cost.
Some states also offer their own tax breaks and rebates. For example, California offers a rebate through the Self-Generation Incentive Program (SGIP). With these incentives, you can get solar panel installation for a very reasonable price.
5. Increase the Value of Your Home
Installing solar panels in your home is a great way to increase their value. Homebuyers across the U.S. are willing to pay an extra $15,000 if a property has solar panels.
The buyers perceive solar panels as an upgrade, and they’re willing to pay more for a home that has them. For example, they’ll love the idea that they’ll pay lower energy bills once they start living in the house. When you install solar panel systems, you’re making an investment in your home that will pay off when you sell it.
6. Reduce Worries About Power Outages
One of the best things about solar panel systems is that they can completely take your home off the grid. Solar panel installation can provide peace of mind during a power outage.
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You won’t need to rely on your utility company for power if you produce enough electricity with your solar panels. If you save energy by using batteries, you will still have power even when the sun isn’t shining.
An interruption in service from your utility company won’t shake you. You’ll have a great backup plan in case of an emergency.
7. Earn Extra Income
If you produce more electricity than you need, you can sell it back to your utility company through net metering. You can get energy credits once you sell your excess electricity. You can stockpile these credits until they get to a point where the company pays you for your unused credits.
Although the credits won’t give you much money, they’ll be enough to impact one aspect of your life. Plus, you’ll feel on top of the world when your utility company is paying you instead of you paying them.
8. You Can Get Solar Panel Installation with No Money Down
If you’re worried about the upfront cost of solar panel installation, don’t be. A few financing options will allow you to get solar panel systems with little or no money down.
For example, you could lease your solar panel system from a solar panel company. With leasing, you would allow yourself to get solar panel installation with no money down. You would make monthly payments to the solar panel company, and they would own and maintain the system.
Another financing option is to take out a loan to pay for your solar panel installation. You can get solar panel installation with little or no money down with these loans.
9. Solar Panels Only Need Little Maintenance
Solar panel systems require very little maintenance. Once the panel installers do their job, you won’t need to do much to keep them running.
The only thing you’ll need to do is occasionally clean your solar panels. You can do this yourself with a hose and a brush to remove any debris.
Or, you could hire a panel installation service to do it for you. Either way, it’s an effortless and inexpensive way to keep your solar panel system running smoothly.
10. Make a Smart Investment
There is no doubt that the initial cost of solar installation may be high. However, you have to think about solar panel installation as an investment. And like any other investment, it will take some time to see a return on your investment.
The return will be well worth the wait. Solar panel systems will help you sell your home for more. The panels will save you money on your energy bills and help you earn tax credits. All these savings will be enough to offset the initial investment cost.
11. Help the Country Become Energy Independent
The United States is currently reliant on foreign countries for its energy needs. This reliance leaves the country vulnerable to political instability and economic turmoil in other parts of the world.
By installing solar panel systems, you can help the country become more energy independent. The more people who install solar panel systems, the less reliant the country will be on foreign energy sources. The best thing is that you’ll be playing a role in helping the nation reduce its reliance on nonrenewable energy sources.
Since the sunlight is free, you’ll also be helping to reduce the nation’s cost of importing electricity. And this will be one way of supporting your country while keeping it clean.
12. Installation Is Simple and Easy
Solar panel installation is a very simple and easy process. With the help of a panel installation service, it’s one of the easiest home improvement projects you can undertake.
The panel installation company will do most of the work for you. All you need to do is provide them with access to your roof. They’ll take it from there.
An experienced company like Blue Raven Solar will handle all the legwork. They’ll assess your roof to ensure it can support the weight of the solar panel system. They’ll also determine the best location for the system and install the panels within a few days.
13. You Get Legally Protected Energy Through Solar Easement
Solar easement is a legal agreement that gives you the right to sunlight. Your neighbour can’t put up anything that blocks the sun from reaching your solar panel system.
This agreement is crucial because you need sunlight to generate electricity. If your neighbour were to build a new home or add an extension to their existing home, it could block the sun and prevent your solar panel system from working properly.
Solar easement protects you from this possibility. It’s good to have a solar easement before your solar panel installation. That way, you won’t have to worry about your system’s obstruction in the future.
Start Leveraging the Benefits of Solar Installation Today
Solar panel installation is one of the best decisions you can make for your home. It’s a wise investment that will help you save money, protect the environment, and show patriotism.
Go green today and start enjoying the peace of mind knowing that your home generates clean renewable energy.
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