You have a clean and renewable source of energy shining on your roof. This is like having an oil well in your backyard, except using this source of energy does not cause any harmful greenhouse gases. It’s up there, just waiting for you to tap into it. Below are 5 simple reasons why going solar is the easy choice for you.
1. Be your own power provider
Equipping your home with solar panels gives you the freedom of being your own power provider. The cost of electricity has doubled in the past ten years, and it shows no sign of slowing down. As electricity costs sky rocket, going solar is more and more the smart choice for your wallet. By harnessing the power of the sun, you can eliminate most (if not all of these costs). This source of power is already yours, shining on your roof. You just need the panels installed to capture it.
2. Clean and renewable energy
Consider the potential of solar energy. If we could capture the rays of the sun on every home for just one hour, we could power the entire world for one year. Imagine the reduction in greenhouse gas emissions and what it would mean for our world. We all can tap into this renewable resource, making our world and our lives better for generations.
Air pollution from greenhouse gases contributes to $167 billion in health and environmental damages. Solar can solve that. It can create a brighter future for all.
White 2-storey House
3. Increase your home’s value
Solar not only saves you money, it also adds to the value of your most significant asset: your home. On average, solar panels will raise the value of a home by 4.1%. For example, if your home is worth $350,000, solar panels will add over $14,000 to the value of your home. While numbers vary, recent studies show that an average resale value increases between $4,020 and $5,911 per kilowatt hour installed.
Not only will solar panels increase the value of your home, it will also help your home sell quicker. On average, homes with solar panels sell 20% faster than homes without solar panels.
Considering all of this, you can think of solar panels as a home improvement investment. Not only are you creating a better world and saving money, you’re also recouping a significant portion of the cost of your investment immediately as the value of your home increases.
4. Tax breaks and cash incentives
Depending on where you live, the federal solar tax credit, local incentives, net metering and other programs may cover a significant portion of the cost of your solar system.
Federal Investment Tax Credit (ITC)
In 2022, if you buy your own system, you’re eligible for a federal tax credit. This tax credit will reduce the cost of your panels by 26%. These tax credit are phasing out. That’s why the best time to go solar is now.
State Tax Credits and Cash Rebates
There are more savings to be had beyond the federal tax credit. Many states and cities are also providing incentives for people to switch to solar. Of course, the available incentives vary from place to place. To find out what is available to you, visit the Database of State Incentives for Renewables & Efficiency (DSRE).
If your system produces more energy than your home consumes, that excess energy is sent to the grid and the electric company will buy it from you. This may result in credits that you can use to offset your energy costs in the future (such as during times of heavy use or overcast weather) or it may even mean that your electric company sends you a check for the energy. Imagine how good it feels to have your electric company sending you money for a change!
Person Holding 100 Us Dollar Banknotes
5. Solar is getting cheaper
Home solar systems have significantly dropped in price. The cost of a home solar system is more than 70% less than it would have been 10 years ago, making now an amazing time to take advantage of all the benefits of solar power. With costs coming down, and the tax incentives still in place, we’ve entered the perfect window of time for making the switch. Those incentives won’t last forever, however. Don’t miss this opportunity to make the change and maximize your savings on your system.
Take Advantage of the Sun with Smart Green Solar
Smart Green Solar will help you throughout the entire process. From the custom design for your home, to professional installation, to monitoring and maintenance, Smart Green is your solar partner the entire way. Talk to one of our specialists today!