There are now more than two million homes in the United States that have solar panels fitted to them. Residential solar power has been on the rise in recent years, and more homes are adopting solar.
We all know that solar panels help a home to reduce its carbon footprint, but how can using solar energy help you to save money?
In this article, we’ll look at four big cost-saving reasons to use solar power in your home.
1. You’ll Save Money On Your Electricity Bill
Having solar panels fitted to your home could massively cut your energy bills. Moreover, if you produce enough power, you might find that you don’t need to use power from the grid at all.
Imagine a life without electricity bills. After your mortgage or rent payments, electricity often ranks as a household’s biggest expense. All of the money you save on your electricity bills could go on something to treat yourself.
2. There Are Tax Benefits to Solar Power
Getting a solar power system doesn’t just benefit you; it benefits the entire world. Governments are all working on going green too. Because of this, solar energy has become something that both federal and state governments are very keen on.
To encourage homes to get solar power, governments often provide tax relief to homeowners that have solar panels installed on their homes.
Taking into account all of the rebates that you might be eligible for, you may even be able to save up to half of the cost of equipment and installation.
3. You Can Get Credit for Selling Your Energy Overstocks
As well as any tax rebates that you might be eligible for, you may also be able to sell your energy overstocks as Solar Renewable Energy Credits. This is a useful way of earning credit for any energy that you have leftover.
The overstocks that you produce go to the grid where they can be used by another household. This will go a long way to refunding the cost of installation.
Incentives and credits like this can be found in most cities.
4. You’ll Add Value to Your Home
Whether you’re planning on selling your home soon or not, having solar panels fitted to your property is very appealing to many would-be buyers.
Not only will you be able to attract buyers when it comes to selling up, but you’ll also increase the value of your home and get a quick sale.
Be sure and use the best solar installation company in your area to ensure a professional finish.
Getting Solar Power In Your Home
As you can see from this article, there is plenty of financial incentive in getting solar power at your home. From earning credits through to getting tax breaks and saving money on your bills, you could reap the financial benefits of switching to renewable energy easily.
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