Are you considering going solar but not sure whether the switch is worth it?
Perhaps you have been doing some research and discovered that the number of solar installations has been on a steady rise, hitting 2 million in 2019, up from 1 million in 2016. By 2023, there will be over 4 million installations in homes and businesses across the United States.
What’s it these people know that you don’t? Well, they know the advantages of solar energy!
To ensure you aren’t lagging behind, continue reading to learn how installing solar power in your house or business premises will benefit you.
Table of Contents
Eliminate Energy Bills
Close your eyes.
Imagine a world without energy bills; a world where you don’t have to spend about $110 every month on powering your property.
Sounds too good to be true?
With solar energy, you’ll be living in a world where you don’t have to worry about the monthly bill from your electricity provider. All you need to do is to get professionals to install solar panels on your property. As long as the panels are big or powerful enough to meet your consumption needs, you’ll be ready to part ways with your regular electricity provider.
Installation Costs Are Affordable
The biggest obstacle for people looking to go solar face is high solar panel installation costs.
On average, solar installation costs anywhere from $15,000 to $40,000, depending on the size of your home and power consumption levels. Sure, even working with $15K, we’re still looking at a tidy amount. Not many people have this kind of money readily available to spend.
There’s good news, though.
In 2020, you can deduct 26 percent of your solar installation costs from your federal taxes. In 2021, this will fall to 22 percent. Beyond 2021, only commercial property owners will be entitled to a 10 percent tax credit.
In addition to federal incentives, most states also offer some incentives, which will further bring down your installation costs. After these deductions, you could end up spending about $10,000 on installation.
There’s more. If you’re still unable to afford right now, you can get financing through companies like Loanpal.
Are you an environment-conscious person?
There’s no more impactful way to play your part in helping the planet than powering your homes and businesses with solar. Solar energy is clean and renewable. When you install solar panels and starting harnessing the sun, you don’t pollute the environment in any way.
You’ll also help reduce America’s reliance on electricity from fossil fuels. The plants generating this electricity are big producers of carbon emissions.
Boost Your Property’s Value
Property buyers are willing to pay $15,000 more for homes that are solar-powered.
As a property owner, this is music to your ears. You want your property to keep gaining value, and clearly installing solar will give its value a decent boost.
Enjoy the Advantages of Solar Energy
Solar energy is a clear way to power your home and business. Although the initial installation cost can be a bit high, you’ll save a lot more than just money in the long run. You’ll also help save our planet.
What are you waiting for? Now is the best time to enjoy the advantages of solar energy.
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