Solar energy is eco-friendly, there’s no forgetting that. But you might be surprised at how many financial benefits you could get from it too.
Implementing a whole new electricity system might seem like a huge hassle for your wallet. But doing so can actually save you tens of thousands of dollars!
Whether your priorities are with the environment or your bank account, solar energy is your inevitable future.
Not only that, but investing as soon as possible could give you the best deal possible on your solar system and minimize your overall cost of living – for good.
So keep reading to learn more. We’ll explain three impressive financial benefits of going solar!
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1. Lower Electricity Bills
One of the biggest reasons homeowners switch to solar power is the immediate financial benefit that they’ll see from their energy bills. Regardless of differences in down payments/loan options between each solar power provider, saving energy always means saving money. Solar energy users can even end up paying nothing on their energy bills every month by switching to solar.
Instead of using energy from finite energy sources such as fossil fuels, solar users use energy harnessed from the sun’s infinite, free solar energy. In fact, users can also earn solar credits when they use more solar-powered electricity, which can lower their utility expenses even further. Solar users can save tens of thousands of dollars over the lifespan of their solar power system.
Fossil fuel energy use is also getting more expensive. Since there’s a finite amount of these fossil fuels, its price tag gets higher and higher each year. By switching to solar energy, homeowners can save money while going green.
2. Tax Incentives
Going solar is also a great way to maximize your tax refunds as much as possible. That’s because there is a 26% federal tax credit on the cost of your prospective solar energy system. You can earn thousands of dollars back after filing your taxes by documenting your solar power installation.
But to make the most of this incentive, you have to act soon. The federal tax credit clocked in at 30% in 2019, and only goes down every year.
Since more homeowners are switching to solar, the service is becoming less competitive, which means fewer incentives for future homeowners that want to go solar. If you’re still hesitating, opting for a more affordable solar system installation service like Solar 4 Less can incentivize you even further.
3. Increase Property Value
If you plan on selling your home in the future, adding solar panels is a surefire way to make the most of your property sale. Solar panels add a ton of extra value to a home. Homeowners even raise their property value by $20 per $1 that they save!
Homes with solar panels also sell a lot more quickly than homes without solar panels. So if the transition times between selling your old home and buying a new one is a huge concern for you, then it’s best to add solar panels when you can to minimize that risk.
Enjoy These Financial Benefits from Solar Energy!
If you’re interested in an effort to save the environment and some money, then switch to solar energy. After all, you’ll want to do so while the service is competitive enough to keep prices low!
This guide should have explained the financial benefits of using solar energy for your home. If it did, then check out the rest of our blog! We’ve got plenty of other eco-friendly information for conscientious homeowners just like you.
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