As of 2022, approximately 2.8% of the total electricity generated in the US was powered by solar energy, and overall, Americans installed enough solar panels to power almost 22 million homes.
The fact is the solar industry is evolving rapidly, and more and more homes and businesses are turning to this sustainable energy source. If you’re considering getting solar panels for your home, the process can be overwhelming at first. The good news is, learning more about the benefits of going solar can help you make the best decision for your situation.
Keep reading this guide to learn five reasons why every home should use solar panels!
1. Solar Panels Are Good for the Environment
It’s no secret that having solar panels positively affects the environment. They’re a green, clean energy source and a fantastic way to reduce your carbon footprint overall. This is because solar panels don’t cause pollution or release greenhouse gas emissions.
Using traditional electricity means using energy that relies on fossil fuels, such as coal. Fossil fuels emit harmful gasses that are one of the leading causes of climate change. Solar panels also don’t require water to operate, so they don’t pollute the water resources around you.
Overall, using solar panels allows you to pave a path toward a sustainable life for yourself and your family.
2. You Can Eliminate or Reduce Energy Bills
Solar panels give you more control over your energy bills, allowing you to reduce or eliminate them entirely. You can also add solar batteries to your solar power system to store the excess energy your solar panels generate.
You can then use that energy to power your home during cloudy days when your solar panels don’t generate as much energy. Batteries also provide backup power during power outages or extreme weather.
Initially, you may not be able to store enough solar energy to power your entire home, but you can upgrade your system to allow you to live off the grid completely.
3. You’ll Qualify for Solar Incentives and Tax Breaks
Although installing solar panels can initially seem expensive, you’ll save a lot of money in the long run. First, when you go through companies like Solar Santa Ana, you’ll get to take advantage of solar financing options that allow you to make affordable monthly payments at a reduced interest rate.
In addition, you’ll be able to qualify for the federal solar tax credit. This tax credit allows you to claim up to 26% for solar systems installed in 2023. You’ll need to own your solar system outright or purchase it through financing. You can include expenses, such as:
- Solar panels
- Photovoltaic (PV) cells are solar cells that convert sunlight directly into electricity
- Labor costs
- Permit fees
- Inspection costs
- Mounting equipment and inverters
- Energy storage devices
- Sales tax
The best part of the federal solar tax credit is that there is no maximum on the number of expenses you can claim.
State Cash Rebates and Tax Credits
You’ll also be able to qualify for cash rebates and tax credits in your state. For example, some states and cities will provide cash rebates when you buy a solar system. Other states like Florida allow you to exempt your solar panel value from your property taxes each year.
You’ll also find some states that provide sales tax exemptions when you buy your solar system. If you have a high sales tax rate in your state, this can save you a lot of money.
Be sure to check your state for the exact rebates and credits available since these can vary widely.
If your solar system produces excess energy, it returns to the grid. As a result, your electric company has to buy that energy back from you. Many electric companies offer programs that allow you to sell your extra energy to the company to offset your monthly electric bill. You can also use this excess energy as credits during heavily cloudy days.
When you sign up with a solar company, they should be familiar with the net metering process and help you get set up with your electric company.
4. Solar Panels Increase Your Home’s Value
When you get solar panels, you’ll increase your home value by $20 for every $1 you save on your energy bills. Moreover, over 60% of homebuyers consider energy efficiency an essential part of a new home and will pay around 4% more for a home with solar power.
However, specific factors affect how much solar panels increase your home’s value. First, the city you live in influences how much solar panels can raise your home’s value. Cities where you’ll find solar panels are in the highest demand include:
- San Jose
- San Diego
- New York
- Los Angeles
Other factors that affect how much solar panels can increase the value of your home include the cost of solar panel installation in your area and local energy costs.
5. Solar Panels Require Little Maintenance
One of the best things about solar panels is that you won’t have to worry about maintenance.
First, most solar systems have extensive warranties lasting 25 years or longer. So you won’t have to worry about expensive repairs and replacements as long as you keep up with periodic cleaning and basic maintenance.
Solar panels are designed to hold up against weather elements like snow, ice, rain, and wind and typically last 30 years. The main thing you’ll need to do is keep them clear of dirt, dust, and debris. You must also ensure they’re free from obstacles that cause shadows over the panels.
All you need to do is turn off your solar panels and spray them with lukewarm water. Cleaning agents are not recommended since they tend to leave streaks on the panel and can cause damage like scratches.
Consider Getting Solar Panels for Your Home
As you can see, getting solar panels for your home is a wise investment to make. If you’re considering investing in solar panels, be sure to do thorough research to find reputable solar companies in your area.
Remember, adjusting to solar energy may take time, but before you know it, you’ll be saving money and reducing your carbon footprint.
If you’ve enjoyed this solar panel guide, check out the rest of our blog for more informative articles!