Solar energy has gotten a lot of attention over the past several years. That’s no surprise when solar power accounted for half of all new energy production in the United States in 2022. Everyone from energy companies to homeowners is beginning to make the switch.
Yes, solar panels are still expensive if you want to get them installed. But the solar power benefits you see now make it worth the money. Below are four benefits of solar panel installation that are worth considering.
1. Reduce or Eliminate Power Bills
Savings on your power bills is one of the best reasons to invest in solar panels. Instead of drawing power from the grid, you’ll generate energy on your roof and send it to your home.
The amount you save will depend on your power usage and your solar power system size. Some people buy a big enough installation to cover all their needs, while others will only buy a partial system.
You can also invest in a battery system to cover your needs when you produce excess energy. That means you can power your home at night when there isn’t sunlight.
2. Increase Your Home’s Value
It wasn’t always easy to value a home with solar panels. They weren’t as common in the past, and people didn’t understand all the benefits they bring.
That’s no longer the case today. As solar energy has gotten cheaper, people everywhere now understand why it makes sense to invest. They now consider them a feature of a home.
The amount you save will depend on how much power you generate. You can expect an increase based on your annual energy savings.
3. Get Tax Credits
The amount you pay for your solar panels won’t be your final cost. As you learn about solar panel costs, you’ll probably find that you can save money by getting tax credits from the government.
The government wants people to invest in renewable energy for the environment and reduce strain on the grid. They offer tax credits to make investing make more sense for consumers.
The credits you get will vary based on your location, so check to see what’s available to you.
4. Receive Energy Credits
You’ll still need to draw on the grid occasionally if you get a minimal solar installation or experience times of low sunlight. The good news is that you can get energy credits in many cases by selling your excess energy to the power company.
You can use your energy credits to offset the amount of money you pay on your power bill. In many cases, your credits will offset your costs entirely and leave you with no power bill.
The amount of credit you can get will vary by region, so you’ll need to look into your energy company’s policies with solar panels.
Make Sure You Understand the Solar Power Benefits You’ll See When Investing in Solar
It’s intimidating to spend so much money on a new energy system when you don’t understand the value you get. Luckily, it’s not hard to learn about the solar power benefits you’ll see after doing a little research. Keep the benefits above in mind when researching solar power to get a better understanding of why solar energy is the future.
Check out the blog for more advice that will help you make great home improvements.