The benefits of going solar: There might be more than you think

Solar panels draw their energy from the renewable resource that is our sun. Not only does installing a solar energy system reduce your reliance on fossil fuels (which improves your air quality and protects the environment), but it can also save you $25,000 to over $110,000 over its lifetime. 

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Most people go solar for economic benefits, but the other benefits of solar may pleasantly surprise you. Let’s look into what you stand to gain financially and environmentally by going solar.

It reduces your electric bills

You can expect to seriously reduce or even eliminate your electric bills when you install a solar panel system. Solar panels generate free, renewable energy throughout their 25 to 30-year lifespan, meaning every kilowatt-hour (kWh) of solar you use to power your home is one less unit you purchase from the utility. You’ll likely still rely on utility-produced electricity at times, but far less than you would without a solar panel system. 

The energy independence you gain by going solar insulates you from tumultuous electricity costs: Over the past decade, electricity prices have increased 2.8% annually on average! Fossil fuels are still the primary source of utility power throughout the country. As long as that’s the case, electricity prices will remain volatile due to their dependence on foreign policy and other unpredictable market factors. By going solar and reducing your utility demand, you can shield yourself from rising energy costs. 

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It increases your property value

Homes with solar generally sell for more than homes without (by 4% on average!). Considering that solar allows you to reduce or eliminate electricity bills, it's easy to understand why—wouldn't you rather live somewhere with cheaper monthly utility bills? 

It provides a great return on your investment

Going solar requires a significant investment, but it usually pays for itself multiple times over throughout its decades-long lifetime. 

As we mentioned, electricity costs continue to trend upward. Our EnergySage data shows that the average homeowner will pay more than $60,000 in electricity bills over the next 25 years. Compare that to the $22,670 average cost of solar, and you can save almost $50,000 over the next few decades by installing solar.

Contact us to discuss your requirements of Latest Solar Energy News. Our experienced sales team can help you identify the options that best suit your needs.