There is still a misunderstanding about solar energy. Solar energy saves most homeowners a lot of money, both short and long term.
Once upon a time – decades ago – solar panels were installed on your roof that only the rich could afford.
Today, solar panels are much less costly and more efficient in power generation. When you work with Rojin Group, homeowners pay $0 of their own money to install solar panels.
Solar is not only less expensive, there are clear positive financial benefits to the purchase and financing of solar.
Solar energy is economic, but it can also affect the environment in a positive way. Solar energy benefits are a proven and integral part of overall environmental sustainability, which will mean less financial hardships for all of us.
Financial Advantages Of Solar Energy.
- Significantly reduces electricity bills.
- Tax incentives
- Increases house value.
- Helps alleviate losses during power outages.
- Promotes greater environmental sustainability.
1. Reduction Of Electricity Costs And Invoices.
This is an important factor, particularly for those on fixed monthly incomes. That means you can get on with your daily routine without worrying about your bills. Not only does it help you save money, but it also reduces user stress levels as well. Studies have shown that reducing stress helps alleviate certain medical conditions – so you can save money there too!
Since solar technology has grown steadily, the prices of solar panels are lower than they have ever been. They will continue to reduce costs, so it makes little sense to wait until they continue to decrease. The money you save immediately will far exceed the time you expect panel prices to fall while paying too much to your power company.
The best thing about it is that you will still have the ability to generate your power, and you can add a battery to store the surplus power for later usage.
2. Tax Incentives
The federal government offers a tax incentive to residential solar installations. Many state and local governments provide extra incentives. Starting in 2020, you can recoup up to 26 percent of the total cost of your solar system on your taxes!
The best way to maximise tax incentives is to talk to a professional consultant. At Pineapple, we deliver customized systems to ensure maximum monthly savings on your electricity bill, and we can also help maximize tax savings based on your specific region. We even do your paperwork!
3. Increases House Value.
Solar panels increase a home’s attractiveness in the free market. This is true for homes with low property taxes, homes in high-quality school districts, and homes with good home energy ratings.
The National Renewable Energy Laboratory (NREL) found that houses with installed solar panels sell an average of 20% faster. In addition, one study from the United States The Department of Energy’s (DOE) Lawrence Berkeley National Laboratory found that the average house’s selling prices increased by about $17,000 with solar panels.
4. Helps Alleviate Financial Losses During Power Outages.
Power failures are more than embarrassing. They are expensive. In some cases, they can put people’s lives at risk. A fridge full of food can spoil in a prolonged blackout, costing you hundreds of dollars at the grocery store. Animals can suffer without air conditioning in warm areas, resulting in costly vet bills. Life-saving medical devices need electricity, and the consequences of power outages for those who depend on them can be devastating.
Solar panels can help maintain your essential home electronics during those public safety power interruptions (or even unplanned outages). If you choose a backup battery at home to go with your solar panels, you can keep things going night and day. The monetary losses you avoid with solar can be tremendous!
5. Promotes Greater Environmental Sustainability.
Environmental sustainability is more than an abstracted “green” concept. Solar energy is indeed an unlimited and clean energy source. Each watt produced by your home’s solar panels is one watt that does not need to be produced by a large polluting power plant.
This works to your direct financial gain.
Experts have been saying for years that speeding up climate change will cost our country and the world a lot of money. There will be larger (and more costly) environmental disasters such as hurricanes, tornados, floods, droughts and forest fires. The ocean will rise, endangering coastal homes. The price of food and water will be higher.
Installing solar panels on your own home will not solve the problem alone, but it is an action you can take today to contribute to the common good. The more solar panels we install on roofs or ground supports, the less we need fossil fuels to produce energy. Solar panels are one of the most environmentally friendly and easy-to-transport alternative energy sources.
When utilities help generate electricity from your home, the electrical grid becomes less stressed. Less stress for the network means minor network problems, reducing operating costs for utility companies due to reduced maintenance costs. This benefits a client who has to pay less on his utility bills.
Nowadays, it’s easy to compare the monetary benefits of solar with the alternative you already have: your old utility company.
Resource: https://pineappleenergy.com/resources/financial-benefits-of-solar-energy/
