Why Go Solar?
With advancements in what technology has to offer, a growing number of homeowners and business owners make the cross over to solar energy every day. Solar energy helps property owners benefit from what clean energy has to offer in some ways that may not be as obvious as others. On the edge about going solar? Let’s talk about the eight reasons how solar might be the right solution for you!
1. Great Return on Investment:
Any reasonably large investment should have also have a huge return on investment. In the case of solar panels, property owners with panels can expect an average ROI of 20%. Although each system size may vary and payback periods may vary, your investment can break even as soon as 3 to 6 years! As soon as you break even, all of the future financial benefits and savings would be yours for the remainder of your property use.
2. Reduced Energy Costs:
Solar is well known to be a cheaper alternative to energy. Not only does it reduce your property’s costs of acquiring energy, but it also has the potential to offset your electrical usage. Energy produced by your solar system significantly reduces the monthly electric bill so you can spend the money you saved elsewhere. For more information on how to reduce your energy costs, visit our blog!
3. Tax Advantages:
Federal and state governments across the country are making the transition to cleaner and safer energy. In order to make this happen, they want YOU to participate too! Homeowners and business owners who have solar panels have been receiving incentives in the form of tax advantages. These tax advantages can allow the property holder to redeem federal Income Tax Credits to be used in the future or retroactively.
4. Supporting the Local Community:
Installing solar panels also means you are actively supporting the local community! Every transaction means hardworking members of your town that work in the finance, construction, sales, service, engineering, and tech industries get jobs that can further impact the environment in a meaningful way.
5. Predictable Energy Rates:
Have you ever noticed that electricity costs can’t really seem to stay the same over the years? Electricity costs have increased by over 70% in the last decade, and will likely do so for the near future. Having a functioning solar system means that you own your own ‘mini power plant’ and won’t have to worry about the rising electricity costs. Your monthly electricity bill will usually consist of just maintenance fees that we each contribute to our local power companies for using their services and power grids.
6. Little to No Need for Maintenance:
Panels nowadays come with a manufacturer’s warranty in case something goes wrong with them. In the case something does happen and it is the manufacturer’s fault, they are always willing to replace the panels at no extra cost. There is also no need to worry about the panels getting covered or obstructed by nature’s elements. Snow, hail, wind, and rain do a great job of cleaning away the dust that accumulates on the system, so there is usually no need for maintenance after the installation.
7. Higher Property Values:
According to the American Association of Appraisers, buildings that have solar arrays have a higher market value compared to similar homes without solar arrays. In other words, homes that come with a solar system are more attractive to buyers.
8. Flexible Financing Options:
Recently, financing companies have partnered with solar companies to give customers unprecedented access to clean energy. Now, companies typically offer the opportunity to enjoy a solar system at little to no money down. Even if you think your financial situation may not fit the need for solar, there are options out there that can make solar make sense for you. People have the option of buying the system outright, owning it through financing, leasing it for an extended period of time, or just purchasing the amount of power produced by the system. At any rate, each of these solutions provides instant long-term savings to property owners nationwide.
Interested in learning more about solar?
See if solar is the right solution for you! Schedule a complimentary consultation appointment with us today.
