Top 10 Benefits of Going Solar
Posted: Nov 12, 2014 by ecoREsource Properties
As conventional energy costs continue to rise, more and more Montanans are seeking to convert to solar energy. If you are considering living off the energy grid, now is the perfect time; solar costs have decreased 25% in the last few years alone. Homeowners who go solar will see these benefits:
1.Solar Energy is Renewable - Using the sun for power does not reduce the amount available; it’s an unlimited resource.
2.It Will Save the Homeowner Money - Adding solar panels can save Montana homeowners an average of $91 per month in energy bills. In two decades, less than the length of a typical solar panel warranty, this amounts to over $20,000 in savings.
3.It Will Increase the Value of Your Home - Converting to solar will add value to the equity in your home. Purchasing a home with solar panels means lower electricity costs for the buyer; this makes your home more attractive to buyers. A study conducted by the National Renewable Energy Laboratory found that homes with solar panels sell 20% faster and for 17% more money.
4.Homeowners Can Start Saving From Day 1 - Many homeowners choose to finance their solar panels through a “pay as you go” financing option. This means that the solar provider owns the solar system; the homeowner simply pays the solar provider for electricity, instead of their traditional energy company, saving them money from the very beginning.
5.There is a Low Payback Period for the Homeowner - If you choose to pay in cash, in many cases, the payback period is quite short — less than 10 years.
6.Homeowners Can Take Advantage of Incentives - The federal government offers a 30% tax credit for solar conversion. With additional state and local rebates and Solar Renewable Energy Credits (SRECs), the total cost can be cut in half, drastically lowering the cost of a solar panel system.
7.Solar is a Stable Investment - Utilities companies have fluctuating and unreliable electricity prices, and there is clearly an upward trend. Solar panels offer a fixed, easily calculated energy cost.
8. It’s Good for the Environment - Replacing your traditional energy source with a solar panel system benefits the environment. The US places second in the world in annual carbon dioxide emissions at 17.9%, just behind China. You can greatly lower your carbon footprint by converting to solar energy.
9.It Creates Energy Independence - You can help to reduce U.S. dependence on foreign energy. We will eventually run out of oil, coal and natural gas. Solar energy is an unlimited resource.
10.Solar is Easy and Performance is Guaranteed - Converting to solar has never been easier, and solar manufacturers include long warranty periods — usually 20 to 25 years.
Want to save money, increase the value of your home, and help the environment? Then, you might want to consider installing a solar energy system in your home.