Whether your motivations for going solar are economic, environmental, or personal, this list of solar power benefits will have something for everyone. Here are some reasons why you should consider changing to solar;
Whether you’re a homeowner or a business owner, electricity costs can make up a large portion of your monthly expenses. With a solar panel system, you’ll generate free power for your system’s entire 25+ year lifecycle. Even if you don’t produce 100% of the energy you consume, solar will reduce your utility bills and you’ll still save a lot of money.
Solar panels aren’t an expense – Thanks to substantial electricity bill savings, the average homeowner pays off their solar panel system in seven to eight years!
One of the most clear cut benefits of solar panels is the ability to hedge utility prices. In the past years, residential electricity prices have gone up by an average of 3% annually. By investing in a solar energy system now, you can protect yourself against unpredictable increases in electricity costs. If you’re a business or homeowner with fluctuating cash flow, going solar also helps you better forecast and manage your expenses.
Multiple studies have found that homes equipped with solar energy systems have higher property values and sell more quickly than non-solar homes. Surveyors are increasingly taking solar installations into consideration as they value homes at the time of a sale, and as homebuyers become more educated about solar, demand for properties equipped with solar panel systems will continue to grow.
Solar is a great way to reduce your carbon footprint. A typical residential solar panel system will eliminate three to four tons of carbon emissions each year—the equivalent of planting over 100 trees annually.