Adrienne SorensenAugust 29, 20186790
There are many benefits to installing residential solar power, it is hard to believe that it isn't more popular than it is. We decided to write about some of the benefits of going solar, because everyone should know that installing residential solar is affordable, quick, and it saves you money in the future.
When I say reduce the electric bill, I mean the cost goes down from hundreds of dollars to something like $10. Maybe even free and maybe even a credit applied to the next month. This benefit is pretty straightforward. When you install solar power for your home, then you generate your own electricity. You become less reliant on your local utility and like we mentioned, you have the potential to completely eliminate your electric bill. A solar power system is built to last about 30 years, which means you can cut your utility costs for decades. Recent studies found property values increase after solar is installed. It’s that simple. The funny thing is if there were more Toyota Priuses than trucks in the area, then the value increased more. Solar is so popular right now that in some cases it can increase the value of homes enough to completely offset the cost of installation. So, even if you’re planning on moving in a few years, you’ll earn back your solar panel investment when you sell your home.
Let’s face it, the cost of powering your home is more expensive this year than it was last year, and it is not likely to freeze any time soon. This makes everyone nervous because there is nothing you can do to control your rate. Think about this, the cost of solar energy has dropped by more than 70 percent in the past decade alone, while the cost of electricity has risen by an average of five percent in the same time. If you go solar, you not only have abundant power, you also have some leverage over those rising costs.
There are a number of incredible solar incentives right now in the U.S. In addition to being able to use 30 percent of the cost of installation as a tax write off in every state, some states have Solar Renewable Energy Credits (SRECs) and Net metering which give homeowners some great added benefits. SRECs are a solar incentive that allows homeowners to sell certificates to their utility. Net metering is a different term for the same thing. You get to sell power to the utility company.
If you want to move into the future and join the solar revolution, or if you want to find out what solar panels are right for you, go to HahaSmart.com and try our price checker tool. You can see how much a system will cost, and how much you can save over the next 20 years. For more information relating to going solar, don't forget to visit our solar blog section for more handy guides and articles.
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