5 Benefits of Adding Solar Energy to Your Brand New Home
Solar powered energy offers a number of advantages for home and business owners alike. Adding solar panels can save you money, but it also has the potential to protect the environment. As a new homeowner, you’re in the position to make a number of lifestyle changes. Now is the perfect time to consider reaping the rewards solar offers for yourself. Here are just five benefits of adding solar energy to your brand new home for your consideration.
1. Save Money
One of the primary benefits of residential solar energy for many people is the money they’ll save with this investment. Solar energy users are billed through a process known as net metering. The way it works is to provide you with credit for the energy your solar system contributes to the power grid each month. These credits can significantly reduce your energy bill. While there is an initial investment for the installation of solar panels, you can receive some of that back through tax incentives, depending on where you live.
2. Increase Property Value
A solar energy powered home is something many buyers covet. Your investment has provided you with a valuable upgrade to your property, allowing you to increase the asking price of your property. A general rule is that you can add $20 to your overall home value for every $1 saved in annual utility bills. That can be quite the boost to your bottom line. Even if you don’t plan to sell any time soon, the increased equity can benefit you if you ever want to refinance or receive a revolving line of credit in the future.
3. Long-Term Value
In addition to saving money on utility bills and increasing your home’s equity, another benefit of investing in a solar power system is that they provide a great value for the money. You can count on your new system to last between 25 and 30 years, with only a 5% annual degradation rate. It’s quite possible for solar energy system to last even longer at slightly reduced efficiency. The key is to hire a professional solar energy contractor to install your panels and to take proper care of your system.
4. Environmental Conservation
As a solar energy user, you’ll be doing your part to conserve and improve the environment. Conventional electricity sources are known to emit harmful chemicals and gases into the air in the stages of production. Solar power is a clean source that is fueled by the ever-flowing energy of the sun. The fossil fuels that are used to produce traditional energy sources get used up and will eventually run out. Solar provides you with renewable energy, limiting pollution and slowing climate change.
5. Budget Predictability
Money can be tight sometimes. Having a solar-powered home provides you with the security of knowing your monthly energy bill will remain steady. Traditional energy providers are able to increase their rates, and they do so on a regular basis. This means your current monthly utility bills are likely to skyrocket over time. That’s not the case with solar. The solar panels on your roof will provide you with energy at a consistent and predictable cost. Therefore, you won’t need to adjust your lifestyle habits to accommodate rising utility costs in the future.
Adding solar energy to your new home is clearly a smart move and a good investment. You’ll save money and reduce your household’s carbon footprint. Installing solar panels is a decision you can feel good about that will provide you with a significant return on your investment.
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