6 reasons to install solar panels on your home

If you’ve ever wondered whether the benefits of solar power outweigh its costs, you’re not alone-you’re not alone.

Interest in this alternative energy source has steadily increased since it was first introduced. In fact, installations with solar panels increased by 70% in 2015 over the previous year, while costs have decreased by 73% since 2006.

Not sure yet? Here are 6 reasons why you should consider installing solar panels on your home.

You may be interested in: Solar providers near me North Las Vegas, Nevada.

Save on your electricity bill.

The average solar installation costs between $10,000 and $35,000. If that sounds too expensive, consider this: a recent study showed that customers save an average of $44 to $187 per month the first year they install their solar panels. That’s $528 to $2,244 in a single year, which means your installation could pay for itself in five years – and continue to save money on your monthly electric bill for years to come. By some estimates, the average solar installation saves consumers more than $20,000 over 20 years. In some areas, savings can reach as much as $64,000.

Saves on taxes.

In some countries, governments encourage the installation of solar systems with tax breaks or low-interest credits. You can access credits or subsidies for the use of solar panels on your home or you can even sell the electricity you don’t use to the grid.

Increase the value of your home.

A recent U.S. Department of Energy study showed that prospective homebuyers are willing to pay a $15,000 premium for a home equipped with an average-sized solar system. The average solar system uses 3,600 watts, which means you can anticipate an additional $4 in home sale value per watt. Considering that the cost per watt today is around $3 , and is expected to drop even further in the future, solar will continue to be a profitable investment for your home.

You may be interested in: Solar providers near me North Las Vegas, Nevada.

Self-sufficient home.

Generators can break, fossil fuels can run out, and utilities can dissolve. The sun isn’t going anywhere, at the moment. In fact, the sun supplies approximately four million tons of energy every second, and humanity only uses 0.0001% of that amount in energy consumption globally. So you never have to worry about running out.

Reduce your polluting emissions.

A single solar system installation offsets 178 tons of carbon dioxide over 30 years, the equivalent of planting 10 soccer fields of trees. Instead of burning fossil fuels that are slowly killing the Earth, solar energy does not harm the environment.

Stability.

Renewable energy will make you independent of expensive energy suppliers. Unlike an electricity supplier, the sun will never raise your rates. In the last two years, the U.S. has experienced an average increase of 3.2% in residential electricity prices. If this trend continues, you will have paid for your solar panels sooner than expected.

You may be interested in: Solar providers near me North Las Vegas, Nevada.