Would you like to know about the top benefits of a solar panel system? Get ready to find out!
California is the first state in the nation to push every new home to install solar panels. However, people are equipping their houses with solar systems even without the state order. If you don’t want to get left behind, you should consider installing rooftop solar panels right now.
Are you hesitating to install a solar panel system in your home or business? Let’s talk about the 5 benefits of solar panels to help ease your decision making.
1. Be Home Energy Independent
One of the best benefits of solar panels for businesses is producing your own source of energy. Relying on utility companies to supply your home with energy comes with its own set of problems.
What if your local power grid goes down? You have to fend for yourself to operate your house and business without electricity. One hour of unplanned downtime might cost between $10,000 and $50,000 in lost revenue.
Surviving a power outage is hard, especially for people with certain medical needs.
Owning a solar system with storage means you don’t have to worry about losing power again. This is useful when you live in an area where a reliable power grid is never guaranteed. You can rest easy knowing that you have a backup plan for power outages and emergencies.
2. Lower Your Electrical Bill
Coping with stress about paying your bills in the coming months is a never-ending cycle.
It’s no secret that the residential electricity price in the US increases little by little per year. This is a cause for concern with the pandemic still on the horizon. You’re more likely to stay at home consuming electricity, which results in higher bills.
Electricity is also among the largest energy expenses for most businesses nowadays. A solar system can reduce most of your electrical bill or cut costs altogether.
Generating your electricity means you don’t need to pay a high bill to utility companies anymore. With a proper solar panel system, you can save up about $1,450 worth of electrical bills every year.
What’s more, it serves as great financial insurance to combat the increasing power rate. With proper maintenance, you can expect it to last up to 25-35 years before it starts degrading.
3. Positive Impacts on the Environment
Solar energy produces zero negative impact on gas emissions and air pollution. It’s a 100% clean, sustainable energy source many people have neglected to utilize up until now. With inexhaustible supply, the world can stop its reliance on non-renewable energy.
It’s important to protect and conserve these natural resources before they run out. Sustainability is one of the best advantages of solar panels on the environment.
It reduces your carbon footprints and greenhouse gases like methane and carbon dioxide. This can also cut a huge chunk of the harmful emissions from fossil fuels, coal, and natural gas.
Renewable electricity is also among the most effective solutions for climate change. According to experts, it could help mitigate and slow down the effects of global warming. Doing your part, even in small ways, may inspire other people to help protect the earth!
4. Earn Money and Receive Tax Benefits
One important thing to keep in mind is you can pay off your bill using net metering and federal solar tax credit!
Net Metering means selling off your excess electricity your solar system generates. It lets you save up solar credits to pay most, if not all, of your bill for the month.
Yes, not only you can save money, but you can also receive some money while you’re at it! Expect to earn at least several hundreds of dollars per year. Your total income will depend on your specific location and the amount of excess energy.
Installing a solar panel is part of the requirements to be eligible for the solar federal tax credit. You can deduct 26% of the total cost of solar energy from your federal taxes until 2022.
There are plenty of states in the US offering net metering. This can help people transition to 100% renewable energy! Take note of the local solar incentives and tax benefits of solar panels you can advantage of.
They’re becoming more affordable and accessible in the last decade. Take this limited-time opportunity of installing a solar system at your home. Offset the expensive upfront costs while receiving the tax credits and incentives!
5. Improve Value of Your Home Property or Business
A solar panel system is a great investment for homeowners and business owners alike.
You can increase more than 4% of the property value by owning solar panels outright. It’s a good selling point to advertise a house with a higher price faster than those without at the time of sale.
People are expressing more interest in solar panel installation because of the incentives. It might seem expensive, but you’ll get back your money after selling off the property.
For business owners, keeping your business going during a power interruption is important.
Running the crucial operations and aspects of your business help lessen lost revenue. A power outage can also cause unintentional damages to your equipment and hardware. Saving money on electrical costs lets you focus your funds on other parts of the business.
The convenience of opening up when other businesses close down boosts profit. If your business is open, most of the potential customers will flock to yours. People are willing to pay for convenience, as seen through fast-food chains.
Top 5 Amazing Benefits of Solar Panels in 2021
These are the top benefits of solar panels you should know about! A solar installation is an amazing long-term investment to save money and increase your property value.
Would you like to learn more about solar energy in depth? Contact us today at HomePro Solutions to find quality solar panel systems. We have experienced professionals to discuss the best solar options for you!