Tens of thousands of American homeowners are making the switch to solar energy every month. Part of the reason for its increasing appeal is because the cost of installing solar panels has reduced by around 70% in the past 10 years.
There are many other reasons why more and more homeowners are making the decision to go green. In this blog post, we will highlight 5 of the main reasons why you should switch to solar energy this year. From the cost savings to the environmental benefits and more, you will learn how going green is a smart choice.
1. Save Money on Energy Bills
Solar panels have a lifespan of 25-plus years (even up to 50 years with proper maintenance). Over the course of this long lifespan, homeowners stand to save tens of thousands of dollars on their home’s energy bills.
The factors that determine savings include the type and size of the solar system you install, the size and location of your property, and your current and future energy usage.
2. Boost Your Property Value
Installing solar panels on your property is regarded as a home improvement project. Homes that have solar panels sell for a premium of around 4.1% compared to similar-sized homes without solar. For an average house, that translates to almost $10,000 more.
3. Make the Most of Your Electric Car
If you have an electric car or are planning to buy one, then the good news is that it pairs perfectly with a home solar panel system. By charging your electric vehicle with solar energy, you can save on the cost of running your car. The electricity generated from solar panels is cheaper than both electricity from the main grid and from public charging stations.
4. Save the Environment
There’s a reason why it’s called going green, after all. By switching to solar energy, you are playing your part in reducing our collective dependence on fossil fuels such as oil and coal.
As solar is a clean and renewable energy resource, it does not damage the planet. It does not produce any greenhouse gases and helps to reduce both air pollution and water usage.
5. Make the Most of Solar Tax Credits
The best time to install solar panels on your property is right now. That is because the federal solar tax credit currently stands at 26%. In 2023, this will drop to 22% and will expire thereafter. By installing solar panels this year, you can make the most of the federal tax credit.
Furthermore, many states are also offering tax incentives for residents who make the switch to solar. If you are ready to make the switch to a more sustainable way of living, consider joining the Babcock Ranch Solar Community.
Must-Know Reasons to Go Green
The above reasons highlight the benefits of making the switch to solar energy. Join the movement today and go green—your pocket and the planet will thank you!
Like this blog post on reasons to go green and switch to solar energy? Be sure to check out our other informative articles on a technology and lifestyle.