With the ever-rising cost of electricity, energy bills can weigh heavily on a homeowner’s shoulders. One of the effective ways to take firm control of the costs in your new home is to switch to solar power.
Besides cost savings, solar panel installation provides added protection from unforeseen energy fluctuations familiar to the electric grid. If you have just purchased – or are currently shopping for – your first home, here are five reasons why going solar should be your next move.
1. Cost savings
Going solar allows you to save big from your energy bills. Solar energy can help you avoid the monthly utility bills that tend to fluctuate based on how taxes are incorporated in your state.
Once installed, solar power is cheap to maintain and can help create room in your maintenance budget for other projects. Besides, if your solar panel produces excess energy, you can sell off the extra energy to a power grid system and earn credit for the unconsumed energy you add to the grid.
2. Additional tax breaks
You may benefit from additional tax breaks or rebates by investing in a solar panel system for your new home. The government provides Solar Investments Tax Credit (ITC) to encourage homeowners to embrace solar home investments.
Currently, the solar systems installed before 2019 are eligible for a 30% tax credit, while those installed after 2020 and 2O21 are eligible for 26% and 22% tax credits, respectively. In August 2022, congress passed an extension of the ITC, raising it to 30% for solar panel installation between 2022 to 2032.
3. Added home value
One of the most important reasons for installing solar panels in your home is that they enhance the value of your home. This can come in handy if you are planning to sell or rent your home in the future. With greater awareness of the benefits of solar energy, solar installation is now a powerful marketing tool to attract the best buyers who pay top dollar.
4. Sustainability and environmental benefits
Undoubtedly, solar power is one of the cleanest forms of renewable energy in the world today. Switching to solar roofing can help decrease your carbon footprint. Unlike thermal energy, solar energy is sourced from sunlight, considered an infinite resource that can’t be depleted for millions of years.
Besides, solar power produces negligible greenhouse gas emissions, ultimately helping boost the war on global warming. The standard methods of generating power, like fossil fuels, emit high amounts of greenhouse gasses. They are also limited in availability, meaning continued use is not sustainable.
5. Creates jobs
With the rising demand for solar power come added benefits, including employment opportunities. A recent industry report reveals solar investments create 1.5 times as many jobs as spending the same amount on fossil fuels.
Rising demand for solar equipment will force manufacturers to hire more workforce to meet the market needs. Besides, you have to hire your local contractor for installation and maintenance services. This is an excellent way to give back to the community and ensure a thriving neighborhood economy.
Invest In Your Future By Going Solar Today
The rising demand for renewable energy technologies for homes and businesses means having a solar system installed in your home is an asset. Although solar panels might seem costly as an upfront cost, it provides a greater return on investments in the long run.
Download your free copy of Living With Solar to learn more about the benefits of solar energy. And if you’re ready to take the next step, contact Solar Optimum today. We are an elite-certified energy provider for homeowners and businesses and provide an unmatched 25-year warranty package that covers equipment, installation, and roof.