Whether you are interested in solar energy for your home or for your business, there are some clear benefits to going solar now. Here are 5 of the top reasons that people are choosing solar power.
1 – Reduce electricity bills
A solar energy system saves you significant money on electricity bills, and in some cases, can even eliminate them. The savings are multiplied when you factor the rising costs of energy into your future savings.
2 - Benefit the environment
Unlike energy produced by burning fossil fuels, solar energy does not pollute the environment with air pollution or greenhouse gases. A typical household can reduce their carbon emissions by 3-4 tons annually by installing solar power. That is a great way to reduce your carbon footprint.
3 - Stay competitive
For businesses, having an environmentally conscious mindset is favorable in the eyes of many consumers. Whether you directly benefit by attracting new customers, or indirectly because the money saved with solar power is freed up to invest back into your business, going solar is a solid choice for businesses.
4 – Earn a return on your investment
Because of the savings on electricity costs, a solar power system typically pays for itself in about 10 years – give or take - depending on tax incentives, the efficiency and size of your system, local energy costs, and the amount of sunlight exposure. With solar panels lasting for 25+ years, that means you will be making a return for more than half of the life of your investment. In fact, the ROI on a solar panel system rivals that of stocks and bonds, making it a great way to invest.
5 - Increase property value
Studies have shown that homes with solar power systems often sell quicker and have higher appraisal values than homes without them. The more popular solar becomes as homebuyers become more educated on the benefits of solar energy, the greater the attraction will be to homes that are utilizing solar energy systems.