Did you know that homeowners can save as much as $40,000 by installing solar panels? Saving money isn’t the only benefit of going solar.
In fact, there is a variety of different benefits you can take advantage of when you choose to go solar in 2022.
With that said, are you on the fence about purchasing solar panels for your home? In this article, we’ll explain some compelling reasons why you should invest in solar power.
1. You Can Reduce Your Monthly Energy Bills
The average American family spends $2,060 on utility costs every year. Unlike a home mortgage or car payments, utility bills never go away.
If you want to reduce your utility bill costs or even eliminate them, installing solar panels may be your best option.
Depending on your home’s location and other factors, you may be able to get 18 months free off your solar panels.
This will help you become completely independent from your city’s electrical grid.
2. Solar Panels Can Increase Your Home’s Value
Adding solar panels to your home can increase its value, whether you pay for them with cash or finance them.
If you plan on selling in the future, you can rest easy knowing that you’re making a future investment into your home.
A recent study found that out of 22,000 homes sold between 1999 to 2013, nearly 4,000 of them had solar panels. The study concluded that the solar panels added $4/watt of value to each home.
This means that the larger your solar system, the more value it’ll add to your home.
3. You Can Protect the Environment
Granted, we all need electricity to live and work across the world. Still, no one can ignore the environmental cost of being totally dependent on electrical grids.
If you’re interested in reducing your carbon footprint, installing solar panels is a step in the right direction. Solar energy is completely renewable.
With solar panels, you can farm organic energy to power your home and save the planet.
4. You Can Get Away from Powerful Utility Companies
Utility companies have unrestrained power in America’s free-market economy. Most of these companies hold monopolies in their regions.
This allows some utility companies to raise their prices and apply as many fees as possible. This can be done without approval from homeowners.
Installing solar panels means you aren’t forced to deal with powerful utility companies. This will give you complete control over your energy consumption, allowing you to play by your own rules.
5. You Can Receive a Free Tax Credit
The United States has a vested interest in encouraging more people to install solar panels for their homes.
This is why the US government will provide a solar tax credit to anyone that installs a solar panel system.
This credit is reimbursement for the amount of money you spent on the solar panel installation project.
For example, if you spent $20,000 on your solar panel system, you are eligible to receive $5,200.
Ready to Go Solar?
As you can see, there are many reasons why you should go solar in 2022. Doing so will help you save money and make a worthwhile investment in your home.
To learn more about solar power, check out more of our blog articles.