As the environmental and economic costs of basic energy sources have increased, more homeowners have begun the search for green, affordable alternatives when it comes to powering their homes. This has resulted in a rise in sales for solar panel systems both abroad and in the U.S. Solar technology has been around for a number of years, so most people have a good understanding regarding the basics of how it works, but the majority of benefits that solar energy use has to offer still remains widely misunderstood. There are several advantages that you’ll experience, should you decide to purchase solar panels for your home. Some of these benefits include a lower monthly electric bill, and an increase in the value of your home.
Solar Panels for Your Home: Adding Value to Your Property
Other benefits of purchasing solar panels for your home include the assurance that you’re working to help the planet. Using solar energy can also mean that you’ll qualify for state tax breaks for solar energy use. Depending on the type of residential solar panels you purchase for your home and where you live, you might be eligible for one of many tax breaks for solar energy efficiency. To learn more about this type of program, visit your state specific website.
You can also benefit from federal tax breaks. Energy star programs for solar energy use are available through the federal government and they offer tax breaks for photovoltaic systems and solar hot water heaters, among other types of green products. This credit is for around thirty percent of the cost and does not expire until 2016 and features no upper limit. More credits may be available depending on your finances, home and location.
Most traditional sources of energy are likely to increase in price over the years. Additionally, they’re subject to market fluctuations, which leave you susceptible to significant changes in your monthly bill. When it comes to solar power, you will be free from the worry of market instability, since your power source depends on the sun.
Installing a solar power system will increase the value of your home, especially when it comes to green minded buyers. Using solar energy to power your home also helps out the economy. While many energy companies outsource jobs outside the United States, solar energy systems will create jobs for manufacturers, designers and installers, here at home.
Solar Energy Use Incentives
Whether you run a business or own a home, there are a number of important advantages of installing solar energy panels on your property. The biggest benefit is the savings you’ll be able to immediately experience on your electric bill. Regardless of how small your installation, you will begin to receive smaller monthly bills from your local utility company right from the start.
However large your solar power system setup is, you can expect your monthly savings to grow over time. As the utility rates increase, energy provided by the sun remains free. Solar energy is an investment that will pay increasingly large dividends with each passing year.
Depending on where you live, solar energy will not only work to save you money each month on your electric bill, but it can actually generate passive income. Many states, like California and New Jersey, offer impressive renewable energy incentive programs that are designed to encourage solar power use. If you qualify for this type of incentive, your utility company will actually pay you for the clean energy that your solar energy system produces, either through credits or by check. In order to find out whether or not you qualify for this type of incentive, you can run a free solar energy report on your property and get a free consultation. It won’t cost you anything to explore this type of option.
Is a Solar Energy System Right for me?
Solar energy use can help you to save money and because of this it’s considered an investment that pays for itself over the years.
Solar energy panel systems also allow the homeowner to require a significantly higher asking price when it’s time to sell their home. A basic sized system on property worth $60,000 can easily add an additional $25,000 or more to the retail value of your home. If you’re considering making some home improvements, solar power installation can be difficult to top. You’ll enjoy a lower electric bill for as long as you decide to remain in your home. And when it comes time to sell you’ll be able to recoup a hundred percent of your investment, all thanks to the higher asking price for your property.
As more businesses and homes across the country choose to install these solar energy systems, the nation begins to move further away from having to rely on fossil fuel and closer to utilizing clean energy.