If you’re thinking about getting solar panels, it’s important to weigh the pros and cons before investing. Solar installations aren’t cheap, and you need to know that it’s the right decision for you and your family before spending your hard-earned money!
Read on to find out the benefits of solar panels, to help you make your decision.
It’s the best way to sustainably power your home
Sustainable energy means energy that is produced without the need to burn fossil fuels, which are a finite resource and therefore are not sustainable. Once they’re gone, they’re gone. Fossil fuels also come with other issues, namely the damage they cause to the environment.
If you want to do your part to protect the planet for future generations, it’s important that you find a way to live as sustainably as possible. Solar panels are a great way to do that. They take energy from the sun and convert it into electricity which is then used to heat and light your home, and power your appliances.
There are other methods of sustainable power generation such as wind turbines and tidal barriers, but, for the moment at least, solar panels are the only method that can be scaled down enough to be suitable for residential use.
You’ll receive a tax credit
There is a cost associated with installing solar panels, and it’s important to take that into account. However, the government are currently offering a federal solar tax credit to help fund solar panel installation.
Provided that your taxable income is more than the amount of the credit, you will receive a tax credit of 26% of the installation cost. This essentially means that you receive a 26% discount on the cost of your installation.
You can save money
The effectiveness of solar panels is weather dependent. They can produce energy all year round, but of course, they are likely to produce much more if you are living in a sunny part of the country, and in the summer when the days are longer. For a lot of people, the amount of energy produced by the panels means that they save enough money on their energy bills to make the cost of installation more than worth it.
If you’re struggling to work out whether or not solar is worth it for you, help is available. Solar energy provider SAVKAT Inc can provide a personalized estimate based on information about your home and energy usage to let you know how much money you could save.
It can increase the value of your home
Many Americans love solar power, which means your home is likely to be more attractive to buyers if you have solar panels installed.
According to a recent study, solar panels raise the value of a home by 4.1% across the US. That’s an additional $9,274 on a home that’s worth $226,300.
When you’re calculating whether or not to invest in solar panels, it’s important to take into account the potential increase on the value of your home, the money you could save on your energy bills, and the savings you could realize from the federal tax credit. This way, you will get a true picture of the cost versus the benefits to you.