As global warming and climate change continue to threaten the world today, nations are actively looking for clean energy alternatives that can replace fossil fuels. Of all the available choices, switching to solar energy is the most popular option for a lot of reasons.
If you’re considering switching to solar energy but don’t have enough justification for such a significant investment, this article can help change your mind.
It Lowers Energy Bills
The biggest benefit of switching to a solar power system is that it can provide your home with substantial savings on your energy bills. Installing solar panels allows you to generate free electricity from the sun, making you less reliant on traditional energy utilities. This considerably reduces your monthly energy bills.
The average US home can help you save up to USD $ 1,500 annually from your energy bills, depending on your electricity usage, home size, and location. With this estimated yearly savings, you can save up to USD $ 33,000 on energy for the lifetime of your system.
Plus, with electricity getting more expensive yearly, solar energy can help protect you against these rising costs. Since you’ll be producing free energy, you don’t have to rely on expensive power from a utility provider.
It Does Not Cost As Much
Cost is one of the reasons most homeowners are reluctant to switch to solar energy. Although it can give you potential savings on energy bills, the upfront costs of solar panels and installations often restrict homeowners from jumping on the bandwagon.
In 2023, the average cost of solar panel installation ranges from USD$16,000 to over USD$23,000. Some states may have lower cost averages than others. For instance, the cost of solar panels Florida companies offer can be as low as USD$15,000, while other states like Michigan can go up to USD$22,600 for a 6 kW system.
The good news is that residential solar system costs continue to drop yearly. Solar prices fell more than 60% in just the last decade. To further control costs, local and state governments offer numerous cash incentives and tax breaks to encourage homeowners to make the switch.
It Has The Potential For Profits
Speaking of numerous government-sponsored solar incentives, installing a solar energy system may bring you profit in addition to utility savings. In the US alone, homeowners have access to solar renewable energy credits and net metering. These two initiatives allow you to earn extra cash and bill credits as your solar power system produces electricity.
With solar energy credits, you’ll be compensated for your solar energy system’s electricity. Meanwhile, net metering allows you to sell excess energy that your panels generated to utility companies, earning you profits.
If you live in areas where these incentives apply, you can expect immediate returns from your investment. It’s also a possible source of passive income.
It Requires Low Maintenance
Generally, solar panels don’t need much attention. Depending on the surrounding area, you only need to keep the panels clean and regularly check equipment. Ideally, you should clean your panels a couple of times a year, although rain and snow can do the trick too.
Since no moving parts exist, wear and tear isn’t an issue. Meanwhile, the solar inverter and battery may need to be changed every 5–10 years. The wiring and cables need minimal maintenance and inspection to ensure maximum efficiency.
Furthermore, reliable solar manufacturers often offer long warranties of up to 25 years to protect you against unnecessary costs from accidental damages and faulty products. You can have it installed and then not worry about it.
It Is Eco-Friendly
The most important benefit of solar is that it doesn’t harm the environment. Solar is a sustainable and clean source of energy. And installing solar panels allows you to cut down your carbon footprint.
Since you rely on producing clean energy and not from traditional fossil fuels, you help reduce the amounts of carbon, pollutants, and greenhouse gas emissions generated. You contribute to cleaner air and fresher water, ultimately minimizing your environmental impact. This ensures ecological stability for future generations.
Furthermore, unlike fossil fuels and other common sources of energy, solar power is renewable. This means you’ll never run out of it.
It Increases Home Value
The significant benefits of solar energy systems mentioned above all contribute to a higher property value. This is a great advantage in case you’re thinking of selling your home in the foreseeable future.
Solar panels have shifted from a ‘nice-to-have’ feature to a ‘must-have’ function. Reports show that the more solar panels installed on your roof, the higher your home’s value will be. In fact, it can boost your home’s value by up to 4% or an extra USD$9,000 than a home without panels.
It’s no secret that solar is a revolutionary clean energy solution for homeowners. There are a number of reasons you should consider making the switch, six of which are discussed above. From reducing your energy bills to increasing your home value, solar energy is one of the best investments you’ll ever make for your home.