Are you on the fence about going solar?
Perhaps the rising cost of electricity has backed you into a wall, making you rethink your options. Or solar panels have been popping up on rooftops in your neighborhood and you’re feeling the urge to jump on the trend.
Regardless of what’s making you want to embrace solar energy, one thing is clear: with a 25% increase in 2020, solar is now the fastest-growing source of energy in the U.S., and with good reason.
Read on for 4 compelling reasons to switch to go solar today.
1. Reduce Your Electric Bills
The U.S. Energy Information Administration forecast residential energy prices to rise 14.26 cents/kWh, or 3.9%, in 2022. If your electric bills are threatening to spiral out of control, you’re not helpless. Installing solar power can reduce them substantially or even cut them to nil.
Solar can power 100% of your home’s energy needs. You just need to install enough solar panels. When that happens, you can take your house off the electric grid, and no one will send you power bills ever again.
An alternative to installing solar panels is to buy your power from a local solar farm or use a hybrid system (combine solar power with traditional electricity). Either way, you’ll likely see a drop in your energy bills if your home is energy-efficient.
2. Don’t Miss out on Federal and Local Incentives
To protect our planet, there’s an urgent need to move away from the use of fossil fuels. It’s why governments at the federal, state, and local levels are incentivizing property owners to switch to solar power.
In 2022, homeowners who buy solar power systems are entitled to a 26% federal solar tax credit.
States also offer various incentives, ranging from tax credits to net metering programs, that will lower your overall cost of going solar. See why, for example, going solar in Kansas City makes economic sense.
3. Raise Property Value
As more people in the U.S. become environmentally conscious, the demand for environmentally friendly homes is going up. This is causing solar-ready homes to increase in value.
In fact, a 2019 Zillow study established that solar panels could add about $9,000 to a median-sized home. As the adoption of solar panels continues to soar, one can only expect their effect on home values to increase.
Even if you’re not planning to sell your home down the road, an increased value raises your equity in the home. You can tap into it via a home equity line of credit.
4. Gain Energy-Independence
It never dawns on us how reliant we are on energy utility companies until there’s a power outage that lasts several days. Preserved foods go bad in the fridge, no hot showers, and…imagine no air conditioning in a sweltering summer or a chilling winter.
Going solar is one way to gain energy independence. As long as you have adequate solar panels and a battery storage system, you can bid farewell to power outages.
Go Solar and Reap the Benefits
Powerful benefits await when you go solar. From putting an end to the skyrocketing electric bills to increasing the value of your home and making you energy-independent, you have every reason to switch today.
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