Are you shocked at your energy bill each month? This can have a big impact on anyone’s finances, but the good news is that the solar panel life can be a great way to make savings amongst a handful of other advantages of solar power.
Many homeowners are opting for solar panel installation right now and it is easy to see why when you consider the wide-ranging benefits of the solar panel installation.
So, if you are ready to live the solar panel life and join the green revolution, read on to discover why this is one of the smartest decisions that you will ever make.
First, you must consider the environmental benefits. You only have to turn the news on to see shocking images of environmental damage occurring around the world, which should be enough to encourage anyone to take action.
There are many ways to reduce your impact, but few are as effective as going solar as this is a renewable energy source. Instead of obtaining energy to power your home from harmful sources like coal, oil and gas, solar panels capture the sun’s energy and convert it into usable electricity.
Reduce Your Energy Bill
Leading on from this, solar panel installation enables you to create your own electricity so that you can reduce (and often eliminate) your electricity bill. In a time where people use electricity so much (and now often work from home), slashing or eliminating your energy bill can make a big difference to your finances.
Additionally, these panels often last around 30 years. This means that you can make enormous long-term savings that could be life-changing.
Avoid Rising Electricity Costs
Did you know that the cost of electricity has risen by over 60% in 20 years? It is also projected to continue to rise by at least 1% for the next 5 years, but this is not an issue when you lead the solar panel life as you will be self-sufficient energy-wise. Visit https://blueravensolar.com/blog/why-go-solar-advantages-and-disadvantages-of-solar/ to find out more.
The cost of solar panel installation can be high, but you must consider the long-term savings that you can make. This means that often you can cover the cost of installation within 5 years due to savings. On top of this, there are incentives available such as the ability to claim 26% of installation costs through a residential federal tax credit.
Additionally, if you generate more electricity than you use, then you can sell this back to the grid with net metering for energy credits.
Add Value to Your Home
Home solar panels can add a significant amount of value to your home and make it more attractive to potential buyers. Research found that solar panel installation can increase value by up to 4.1%, which works out at $9,274 for an average-priced property.
Start Leading the Solar Panel Life & Reap These Benefits
These are the main benefits to the solar panel life and will hopefully encourage you to make the change. It is a smart long-term investment that could change your financial situation, plus you are doing your part to reduce environmental impact.
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