There are many reasons why people are going solar. Whether it is environmental, economic, or personal, solar panels are positively impacting people’s lives. This blog will go over the top 6 benefits of solar energy and why you should go solar.
1. Eliminate your Electric Bills
One of the biggest reasons homeowners go solar is because it eliminates their electric bill. With a solar panel system, you can generate free power for your homes for its 25+ lifecycle. Reducing one of your largest monthly expenses makes perfect sense. Going solar is especially beneficial for people that live in places with high electricity rates.
2. Great Return on Investment
Going solar is not an expense; it’s an investment. Thanks to its substantial electricity bill savings, the average American homeowner pays off their solar panels in 7 to 8 years and sees a return on investment (ROI) of 20% or more! To be able to get an accurate estimate of your return on investments, you will have to consider:
- Your electricity rates
- Financial incentives
- Your property’s characteristics
3. Protect Against Rising Energy Costs
One of the best benefits of solar panels is the ability to protect yourself from rising energy costs. In the past decade, residential electricity prices have gone up by an average of 3% annually. By investing in a solar energy system now, you can fix your electricity rate and protect against these unpredictable increases in electricity costs. Without a doubt, the long-term trend for electricity prices is upwards, so investing in solar panels is a safe, wise choice.
4. Increase Your Property Value
Studies have shown that homes with solar energy systems have higher property values and sell a lot more quickly than non-solar homes. As homebuyers become more educated about solar energy, the demand for properties with solar panel systems will continue to grow. They’re becoming a necessary element of homes.
5. Boost U.S. Energy Dependence
The sun is an endless energy source and a key component of achieving energy dependence in the United States. By increasing our capacity to generate electricity from the sun, we can also protect our country from price fluctuations in global energy markets. Global energy markets are notoriously unstable, and price fluctuations can have a serious impact on the economy. When we expand our capacity to generate solar electricity within the U.S., we ensure a sustainable source of energy for the future.
6. Protect the Environment
Another popular reason why more and more people are going solar is because it reduces our carbon footprints. Buildings are responsible for 38% of all carbon emissions in the United States. Going solar can significantly reduce that number. A typical residential solar panel system will eliminate 3 to 4 tons of carbon emissions each year—this is equivalent to planting over 100 trees annually.
Going solar provides homeowners innumerable benefits. Reasons no longer consist of simply economic and environmental reasons. It benefits people in many different ways. We hope this blog helped you understand the top 6 benefits of solar energy and why you should go solar. If you’re thinking of going solar, give us a call at (858) 564-8032 or contact us on our website.