Solar Is Super: 7 Benefits to Residential Solar Panels for Your Home
Solar Is Super! 7 Benefits to Residential Solar Panels for Your HomeResidential electricity consumption is responsible for 10% of the entire carbon footprint for the U.S.
Considering the entire planet needs to cut carbon emissions by 40% to 70% of what they were in 2010, we need to start making any progress we can.
Residential solar panels can help you cut your part of carbon emissions from electricity. But on top of cutting your carbon footprint, there are plenty of other much more tangible and impactful reasons you should get solar panels.
1. Go Green
It’s no wonder the Oxford word of the year for 2019 is “climate emergency.” We only have about 10 years left to make drastic changes before climate change becomes irreversible.
We’re already losing thousands of species to habitat loss due to climate change every year. Right now, there are 41,415 species on the IUCN red list – that if climate change continues, they’ll be lost forever.
But fortunately, we can identify a handful of spots where our lifestyles have the most direct impact. These are how much we consume, how we get around, our diet, and our electricity and water use.
Installing solar panels can cut the carbon emissions for your household’s electricity use. If you’re worried about your impact on the environment, this is a great place to start!
We all need to start taking immediate action to cut back our carbon footprints and make drastic changes if we want to keep climate change at bay. Solar panels help you do this while maintaining a lifestyle you love.
2. Save on Electricity Bills
As soon as your solar panels are installed, you start saving money. Even if you need to make payments on the solar panels, those payments are often lower than your existing energy bill.
The savings are so great the solar panels often pay for themselves somewhere between 7 and 20 years. Considering most solar panel warranties are about 20 years or longer, it’s well worth the investment!
3. Tax Deductions
Tax savings are starting to drop for solar panel investments. For 2020, you can still get a tax credit of 26% of your solar panels, but your tax credit drops to only 22% in 2021.
So don’t wait! If you get a $15,000 set up this year your tax credit will be worth $3,900! But even one year later it will only be worth $3,300, costing you $600 just for waiting a year.
4. Boost Your Home’s Resale Value
Homeowners are looking to green energy and sustainability. It’s no secret that solar panels are amazing for that – and they save huge on your energy bill.
So by adding solar panels to your home, you’re dramatically boosting your home’s resale value.
On average, your solar panels will boost your home by nearly $17,000 or about 3.73% more than other homes in the area without solar panels.
And considering most solar panel costs are about $10,000 to $18,000, you’ll likely recoup your investment in its entirety when you sell your home.
In other words, if you were in the business of flipping properties the value the solar panels add to the home makes them essentially free to install.
5. Protect Your Roof
Your roof is damaged by sun, rain, and debris. Interestingly enough, solar panels protect your roof from all of that, especially sun damage.
Worried about debris damaging your panels? Don’t. Solar panels are designed to withstand most standard debris. And even still, the average warranty for solar panels is 25 years!
Now consider the average roof replacement cost is $7,211 it’s worth it to make your roof lasts as long as possible.
6. Rebates and Great Financing Options
As we covered, there’s a standard federal tax credit for solar panels. But your state or county might offer additional credits on top of that.
But financing options for solar panels are great too! There are plenty of options that require no cash down.
And depending on your credit score, you’ll see low rates close to 6%. But consider the average savings is $111 per month, you’re likely saving money every month by getting a financing loan.
7. A Long-Lasting Warranty
As we mentioned before, solar panels come with a great warranty! Most solar panels come with warranties. One is an equipment guarantee and the other is a performance guarantee.
Most performance guarantees state the solar panels will still be at least 90% as efficient in 10 years and at least 80% as efficient in 25 years.
The equipment warranty guarantees the panels will last 10 to 12 years without failing.
By that time, the equipment has often already paid for itself, and you’re still on the pat for great savings.
If you’re looking for a more off the grid portable system, check out PoweredPortableSolar.com.
Residential Solar Panels are Worth Every Cent
Not only are residential solar panels great for the environment, but they’re great for your pocketbook. They often require no cash down and come with low-interest rates.
When you combine that with federal, state and local tax deductions, the actual cost of solar panels is often half of what the sticker price is!
Finally, when you install solar panels, you start saving from day one. Often, the payment option for your solar panels will be lower than your old electric bill – which fluctuates and has a tendency to go up every year.
Then, if you decide to sell your house, solar panels will boost its value, adding thousands of dollars to your home’s sale price.
So are you ready to get solar panels? Find a local provider near you today!
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