Benefits of Solar Energy
Whether your motivations for going solar are economic, environmental, or personal, solar has something for everyone.
Eliminate or significantly reduce your electric bill
Whether you’re a homeowner or business electricity costs can represent a large percentage of your monthly expenses, and recent data from the US Energy Information Administration shows that end user energy cost have increase over 3% from 2015-2016 alone . While every home and business is different solar presents an excellent solution given system life-cycles can last over 25 years.
The Green Investment & Resale Value
In many ways a solar system can be seen as a financial product, capable of producing returns for homeowners in the long run. While many variables determine the possible returns, clients often see pay back time frames of 10-20 years. With modern system cycles lasting longer than 25 years there is a case to be made that solar is one of the most stable investment instruments.
Also according to The Appraisal Journal, every dollar you save on energy adds twenty dollars to the value of your property. And a study from the National Renewable Energy Laboratory found that solar homes sold 20% faster and for 17% more.
Early studies focused on established solar markets such as California found that home values increase by four percent or more when homes are equipped with solar panels. Lawrence Berkeley National Laboratory, a research laboratory affiliated with the Department of Energy, continues to expand on that research as solar grows across the U.S.
Solar power is environmentally clean energy
Modern panels have roughly an energy payback period of roughly 4 years, meaning it takes this long for the clean energy produced from you panels to offset the dirty energy used to create them. After in which you panels will provide numerous years of carbon free energy.
Also keep in mind an average family generates several tons of waste every year, including sulfur dioxide, nitrogen oxide, and carbon dioxide. A simple 5 kW residential solar grid on your home can save as much as 11 barrels of oil, 4 acres of forest, and 5 tons of greenhouse gases like CO2 annually.