Save on electricity bills
Installing solar panels significantly reduces monthly electricity bills and dependence on the power grid. This energy independence protects against rising electricity costs and volatile fuel prices. With analysts forecasting continued increases in electricity rates, solar remains a cost-effective solution and long-term investment in the future.
Return on Investment
Solar panels aren’t an expense – they’re one of the best ways to invest, with returns rivaling those of 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.
Increased Property Value
Studies have shown properties with solar systems sell up to 20 percent faster and at a 17 percent premium compared to homes without such systems. A solar installation makes your property more attractive to buyers, increasing its resale value.
There are many grants, secured loans and government subsidies available to help pay for the cost of installing solar systems.
Protect the Environment
Reduce your carbon footprint. Unlike energy generated by fossil fuels, solar doesn’t release harmful carbon dioxide (CO2) emission. Sustainable carbon-free energy solutions such as solar are crucial to slowing the pace of climate change and preventing further damage to the environment. 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.
Being independent from the power grid means no blackouts. And, you can create energy and receive power in remote locations.