Keeping a home up and running over the course of a year isn’t cheap, which is why most homeowners will do everything they can to lower operating costs without compromising their comfort. There are a variety of ways to do this, but one of the best is still tragically underrepresented outside of certain portions of the country: solar panels. Solar panel technology has made leaps and bounds over the last decade or two in terms of efficiency. Have a look below at some of the reasons why investing in a solar panel system for home might be the best thing for you.
It’s Heavily Subsidized
The federal government has passed a number of tax credits over the years aimed at incentivizing homeowners to install alternative energy systems in their homes. Solar panels are right at the top of that list, and installing a solar panel system can earn a tax credit of up to 30%. Currently, most of these tax programs are set to expire around 2020, so you still have time to take advantage of them if you act quickly.
It Will Pay for Itself in Savings
Aside from the savings you can garner from installing a solar panel in the first place, you can save quite a bit of money in monthly operating costs. The average solar panel system can cut home energy costs by a substantial amount over the course of a year, and will pay for itself in savings over the first couple of years after installation. Depending on how much you want to invest in solar energy systems, you can even take your entire home off the power grid if you want to. More and more homeowners are opting to live entirely off the grid, getting all of their power from their solar panels. You don’t need to do that for it to be worth the investment, but it is an option.
It will Raise the Value of Your Home
Homeowners often undertake home improvements of various kinds with an eye towards the future. If you happen to be thinking of selling your home at some point, you should still give serious thought to investing in a solar energy system. Solar panels can add tens of thousands of dollars to the value of a home. The value of having a solar panel installed on a home will likely increase as demand for the systems continues to rise. So, if you want an easy way to bump your home’s value for future sale, a solar panel system is a great way to do it.
These are just a few of the many reasons why it’s a good idea to install a solar panel system on your home. If you’re interested in more detail, consult with one of our professionals about why a solar panel is a great option for your home.