Top 7 Reasons To Add Solar Panels in 2023
There are many reasons why homeowners go solar: the two most popular reasons are to cut energy costs and protect the environment. Many people are aware that solar is a great home efficiency upgrade and are eager to reduce their carbon footprint while also improving property value.
Whether your motivations for going solar are economic, environmental, or personal: this growing list of solar energy benefits will have something attractive for everyone. The top seven reasons below highlight why solar energy is more popular than ever and great for your home!
# 1 Substantially reduce or eliminate your electric bills
Whether you're a homeowner or business: electricity costs can make up a large portion of your monthly expenses. With a solar panel system, you'll generate free power for your system's entire 40-year lifecycle. Even if you don't produce 100 percent of the energy you consume, solar will reduce your utility bills and you'll still save a lot of money.
# 2 Reduce your carbon footprint
Solar is a great way to reduce your carbon footprint. A typical residential solar panel system will eliminate three to four tons of carbon emissions each year-- the equivalent of planting over 100 trees annually! Ensuring Mother Earth is healthy for our future generations.
# 3 Protect your home against rising energy costs
By investing in a solar energy system now, you can fix your electricity rate and protect against unpredictable increases in electricity costs. Going solar also helps you better forecast and manage your expenses if you're a business or homeowner with fluctuating cash flow.
# 4 Increase your home equity on average 3-5%
Research has shown that homes equipped with solar energy systems have higher property values and sell more quickly than homes without. Home appraisals are increasingly factoring solar systems into the value of a home. As homebuyers become more educated on solar, the demand for homes with solar will continue to soar. See our article on how solar improves home values.
# 5 Help the U.S. become energy independent
The sun will play a major role in making the United States energy independent. As we increase our capacity to generate electricity from the sun, our country will become protected from price fluctuations of the global energy markets.
# 6 Create jobs and help your local economy
The Solar Foundation found that the solar industry created jobs 12 times faster than the overall U.S. economy in 2015. In fact, 1 out of every 50 new jobs created was in the solar industry, representing 1.2% of the jobs in the US economy. Solar related jobs are considered significant to the U.S. economy because it cannot be outsourced and tend to be higher paying. Read about becoming a solar sales consultant.
# 7 Enjoy the returns on your investment
Solar panels aren't an expense-- they have a high ROI (return on investment) that rivals more traditional investments like stocks and bonds. Thanks to substantial electricity bill savings, the average American homeowner pays off their solar panel system in seven to eight years and sees an ROI of 20 percent or more. See the latest Washington Solar Incentives.
Sourced From Energysage