Still doubtful about the benefits of solar panels installation? Consider this fact: In 2012, the U.S. solar technology market grew by 76 percent. As the solar market becomes more affordable, many homeowners are opting to go solar.
Here are nine advantages of choosing a solar panel installation:
1. Save Money
Adding a set of solar panels can give you savings of more than $100 in most states. When calculated over two decades, this equates to $30,000. To determine exactly how much you’d save, visit he solar company’s site and use their calculator.
2. Begin Saving from the First Day
Most solar companies provide leasing and purchase power agreements (PPAs). This makes it possible for most homeowners to opt for this technology. In either of these options, the solar provider owns your system and takes care of its installation, monitoring, repairs and maintenance. You only have to pay your solar provider for the electricity used- the amount is less than what you’d pay your utility company.
3.Increases Your Home’s Value
When you install a set of solar panels, it increases your home’s attractiveness. Potential homebuyers are drawn to homes that already have a solar panel installation because they don’t have to go through the process of panel selection, installation, etc. According to a study published by the National Renewable Energy Laboratory (NREL), homes with solar panels sold 20% faster and for 17% over the market value.
4. Numerous Incentives
There are many tax incentives offered by the federal and local governments to homeowners who choose a solar panel installation. For example, the federal solar tax credit is 30% of the total cost of the system. This means if your solar system is worth $25,000 then you would save $7,500. When combined with local and state rebates your total cost can be cut by half.
5. Participate in a Secure Investment
Utility companies are infamous for constantly increasing their electricity prices. With a solar panel installation, you can calculate the quantity of electricity produced and how much you will save over the next twenty years. Many solar companies have online calculators that can help you determine exact savings figures.
6. Guaranteed Performance
Solar technology manufacturers provide a 20 to 25 year warranty for every solar panel purchase. According to current industry standards, the system provides 80 percent performance after 25 years.
7. Helps the Environment
Currently the United States is second after China for producing the most carbon dioxide emissions. The best way to reduce our carbon footprint is by replacing your current utility power with solar panel technology. On an average a residential solar panel system can offset up to 100,000 lbs. of carbon dioxide within 20 years. This equals to driving a vehicle for 100,000 miles.
8. Attain Energy Independence
In 2012, the United States relied on imports for approximately 40 percent of petroleum products and crude oil. To help reduce our dependence on outside energy resources, solar is the wise direction to take.
9. Going Solar is Easy
Shopping for a solar system used to be a complicated and drawn out process. But as this technology grew, more companies began to offer it, making it more affordable. You simply have to search online for a reputable manufacturer and ask for a quote. You may also use their calculator to determine how much you can save.
To learn more about the benefits of solar panels installation, visit OhSolarMio.