There's a reason solar energy is one of the fastest-growing industries in the United States. As technology improves and becomes more accessible, solar energy is becoming an increasingly popular option for homeowners and businesses. So, why should you choose solar energy? Is solar power an investment? This blog post will discuss some benefits of solar energy and why it's a good investment for your home or business.
5 Reasons To Invest in Solar Power Now
1. Solar Power Saves Money on Your Energy Bills
Solar panels allow you to generate your electricity, which means you can say goodbye to those pesky monthly utility bills. In fact, many solar panel owners see such a dramatic decrease in their energy costs that they are able to completely eliminate their electric bills!
How much money you save depends on the size and efficiency of your solar panel system and the amount of sunlight your home receives. But even if you don't achieve complete energy independence, you will still see a decrease in your monthly expenses.
And these savings are only going to grow over time. As utility rates continue to rise (they've increased by an average of more than 25% over the past decade), solar panel owners will see their savings grow.
2. Increase the Value of Your Home
When you install solar panels, you are not only saving money on your energy bills but also increasing your home's value. Solar panel systems can increase a home's value by as much as $15,000, according to a National Renewable Energy Laboratory study.
This increase in value is because solar panel systems are seen as a valuable home improvement. Solar panels are attractive to potential buyers because they offer long-term savings on energy costs. In fact, many homebuyers are willing to pay more for a home with solar panels because they know they’ll save money in the long run.
3. Get Paid for the Energy You Produce
In many states, utility companies are required to purchase excess electricity that you generate with your solar panels. This is typically done through a process called net metering, and it's a great way to offset the cost of your initial investment.
How much money you can earn depends on how much electricity you generate and your state's net metering policies. But in some cases, you may be able to earn enough money to completely offset the cost of your solar panel system! Plus, with the recent extension of the federal solar tax credit, you can now receive a 26% tax credit for any solar equipment you purchase.
4. Go Green and Help the Environment
Solar energy is a clean, renewable resource that can help us reduce our reliance on fossil fuels. And as we continue to face the threats of climate change, it's becoming increasingly important to find ways to reduce our carbon footprint.
By switching to solar power, you can do your part to combat climate change and help preserve our planet for future generations. Plus, solar panels have a very small footprint, so they won't take up much space on your property.
5. Solar Panels Require Little to No Maintenance
Once you install solar panels, you can pretty much forget about them. Solar panel systems are designed to last for decades and require very little maintenance. In most cases, all you'll need to do is keep your panels clean and free of debris.
As you can see, there are many reasons to invest in solar power. Solar energy is a clean, renewable resource that can help you save money and increase the value of your home. So if you're looking for a way to go green and save money, solar power is a great option!
If you're ready to make the switch to solar, contact Transform Energy today. We offer a variety of solar panel options to fit your needs and budget, and our team of experts can help you choose the right system for your home.