Advantages of Solar Power
There’s no doubt about it, solar-powered electricity is a cost-saving energy alternative. Depending on the size of your solar power system, it can start generating more electricity than your home consumes, making your meter spin backward.
When you go solar, you can decrease your monthly electric bill, instantly saving on electricity month over month. With a solar panel system, your home will generate free power for its entire 30-year life cycle. Even if your solar power system does not produce 100 percent of the energy your house consumes, you still will be reducing your energy bills, and owning the power your panels produce.
Solar Power – Electric bills keep increasing
Utility prices keep rising. Power rates for residential customers in the U.S. have risen nearly 70 percent since 2001. Utility rates will continue their upward trajectory as the cost of fuel for power plants rises. Also, the billions of dollars it will cost to clean up the coal ash problem will be passed on to all of us.
One of the advantages of solar energy is that you can protect yourself against variable electricity costs. Overall, going solar helps you have a more consistent financial forecast and better manage your utility expenses.
Increase your properties value
Homes with solar energy systems have higher property values than non-solar homes, according to a 2015 study from the Lawrence Berkeley Research Laboratory. From the same study, there’s evidence that they also sell faster than non-solar ones. As more homebuyers become more interested in the benefits of solar, demand for properties with solar panels will continue to grow.
Today, when homeowners are looking to make home improvements, solar energy is often on the top. While you’re living in your house, you enjoy lower electricity bills. When you decide to sell your home, you are expected to enjoy an increased property value that will be a fantastic return on investment from going solar.