8 Financial Benefits of Solar Panel Installation

Were you aware that the average household can save between $10,000 and $30,000 when they install solar panels? If you are considering calling in the pros and adding some power to your house but, are not 100% sure if this is the right choice for you, we are here to help. We have put together this guide to share the top benefits of moving forward with solar energy.

Read on for the top solar panel installation benefits.

1. Cleaner Environment

If you are all about being green and helping the environment, then solar energy is right up your alley. This is actually one of the cleanest forms of energy on the planet. Every kilowatt-hour of solar that is generated reduces greenhouse emissions like nitrogen oxides, CO2, sulfur oxides, and particulate matter. 

These harmful pollutants will not go into the water supply or into the air. Also, when we reduce our carbon footprint, we help eliminate harmful emissions that occur from burning fossil fuels. Solar energy also reduces water consumption. 

2. Increase Your Home Value

There is no surprise that when you install solar panels in your home these are considered upgrades. Purchasing an entire solar energy system will more than likely also increase your home value. If you intend on selling your home in the future, then this might be a bonus because you will be able to sell your home for more money.

One of the main things you want to keep in mind is that a reputable solar company such as Blue Raven will also come with a guarantee. A potential buyer might be more inclined to pay more when they know that the system has some type of warranty and that it was done by a professional rather than a DIY project. 

3. Savings

Like we mentioned earlier, solar power saves money in the long run. Although, there is an upfront cost, eventually the system will pay for itself a few times over. 

The exact savings depend on factors such as the size of your system, the size and angle of your roof, how many direct hours of sunlight your home receives, and your electricity consumption. In some states, there is also a process called net metering, which can actually make you some money. 

Net metering is when your system makes more energy than you use, and it contributes the excess power to your local electricity grid. This surplus that you add to the power grid, will usually appear as solar credits on your electric bill each month. This total is subtracted from any expenses that you might incur. 

4. Improve Humanity Health

Due to less pollution in the air, there is also a positive effect on human health. Cleaner air equates to cleaner lungs. This means that thousands of people’s lives can be saved thanks to creating less harmful emissions. 

With better health, comes lower health costs. Less people have to go to the doctor when there is less pollution affecting people’s wellbeing. With the average household using around 11,000 kilowatt hours of electricity, switching to solar means all these hours do not produce pollutants that are harmful to breathe in.  

5. No Need to Worry About Rising Costs

Every year or so you might notice an increase in energy costs in your local area. When you install solar, you do not have to worry about these price increases. Your panels will hedge utility prices so while your neighbors are paying more for power you are harnessing the power of the sun and saving money. 

6. Tax Breaks and Incentives

Depending on where you live there are some local rebates that are being offered for installing solar panels. There are also some federal solar tax credits that you might be eligible for. This is something that your installer can educate you on. 

Make sure to double check the incentives in your state. Some states offer a flat incentive while others offer a percentage as a tax credit. For the most up to date tax credits and rebates you can visit the Database of State Incentives for Renewables & Efficiency

Some electric companies and states also have performance-based incentives (PBIs). This is when you are paid for the electricity your solar system produces over a certain amount. 

7. Lower Costs

Another benefit of moving forward with a solar installation is that the costs of installing them have gone down. During the previous decade having a solar system installed was not as attainable for everyone. Also, the cost of solar batteries has dropped quite a bit compared to last decade. 

There are also plenty of ways to finance your solar power system with $0 money out-of-pocket. On top of being more affordable nowadays, there are also many companies that offer guarantees of 20+ years. These guarantees mean that you will not have to worry about unexpected costs to fix something that breaks. 

8. Option to Charge Your Electric Vehicle

With more vehicle manufacturers producing electric vehicles, charging them from solar panels is a major advantage. Nothing will beat getting a full charge of free energy when you have this in mind while you build the perfect solar energy system for your power needs. 

Ready to Get Your Solar Panel Installation Started?

Hopefully now that you learned the benefits of solar panel installation, you can make an informed decision. If you choose to move forward with your decision, we highly recommend calling a professional to ensure that you install the correct number of panels for your specific power needs. 

Feel free to keep browsing this section for more green tips and tricks. 

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