There are nearly twice as many homes with solar power today as in 2020. The number of homes with solar panel installations has been growing at a rapid rate, and businesses have been adopting solar even faster. The reason for this is a perfect combination of value, opportunity, and potential rewards of installing solar on your roof and drawing some or all of your daily power from free sunshine.
There are, in fact, five very good reasons why now is the perfect time to switch to solar energy.
1) Decreasing Costs of Solar Technology
Solar panels are more affordable than they have ever been. As panels become more commonplace and the supply balances with demand, prices have begun to fall. Solar is considerably more affordable today than it was 10 years or even 5 years ago.
Solar panel manufacturing has become more efficient and widespread, increased market competition is causing manufacturers to reduce their profit margins per panel sale, and installers are offering appealing deals to help homeowners make the switch.
2) Government Incentives and Tax Benefits
Both federal and state governments are also making solar panels more affordable. Incentives are refunds and rewards for choosing to install solar, including tax benefits such as reduced property taxes related to solar value increase and reduced income tax up to a percentage of your solar installation cost. States such as Airzona, Nevada, and Florida are offering specific incentives that are quite rewarding, reducing the overall financial impact of installation costs for homeowners.
However, some of these incentives have a time limit, so now is an important time to take advantage of the opportunities.
3) Improved Solar Technology and Efficiency
Solar panels have become much more efficient than they were in the past. Solar panel technology has been improving steadily over the last decade, and modern panels are more effective at transforming sunshine into electricity per square foot of panels and photovoltaic cells. Advancements in panel efficiency as well as improvements in battery tech for energy storage have made solar panels an even smarter choice.
Not to mention the appeal of smart home integration with things like Bluetooth solar controllers, mobile apps to monitor your solar generation, battery apps to monitor storage, and better offload systems for efficient energy management. These improvements have significantly improved the value proposition of a solar installation for any home.
4) Rising Electricity Costs
Then there are the power bills. Everyone knows that energy costs are on the rise. With record-breaking heat waves and winter freezes, power bills are higher than ever. Aging infrastructure, fuel price volatility, and environmental regulations are also influencing this spike in expenses.
Offsetting your home’s energy consumption with solar panels offers immediate monthly financial relief from those towering energy bills while also promising long-term savings.
5) Environmental Benefits and Sustainability
If you are interested in a more eco-friendly home, solar energy plays an important role in reducing your personal carbon footprint and the community’s total carbon emissions. Solar panels have some environmental impact when manufactured, but offer years of emission-free electricity compared to the burning of fossil fuels used in most local power plants.
Solar panels contribute to a cleaner and more sustainable future. They also enhance your home’s property value through eco-friendly upgrades.
Catch this Golden Solar Opportunity
Now is the ideal time to invest in solar panel installation while the prices are low, incentives are high, and the potential for cost savings is at its peak. Not only can you invest in an eco-friendly source of electricity and lower your power bill, you also increase the value of your home.
Explore solar options for your home. Contact us today to get a custom solar panel system that meets your home’s unique energy needs.
