Top 10 Benefits of Owning a Solar Panel System
Solar panels can help a person save money on their energy costs. Solar panels may be a little pricey at first but there are many incentive programs to help a person cover the cost. These are the top 10 benefits of owing a solar panel system.
• Monthly Savings
In many states solar panels can save a person over $100 a month on their electric cost. If a person has to heat their home using electric heat solar panels can of money a month by using solar panels for power. Over a 20 year period of a person can see over $50,000 in savings.
• Immediate Savings
As soon as a person installs a solar panel they will see savings for day one. A person can pay for their solar panels a little at a time. The monthly cost for paying for solar panels will often be less than the monthly electric bill.
• Low Payback
Many homes do not have to pay for the installation of solar panels up front. They can spread the cost over a 10 year period. After this a person can enjoy monthly savings.
• Increase the Value of the Home
Many potential buyers will be interested in homes with solar panels. These panels will allow them to enjoy lower electricity bills and lower taxes. Solar panels also make the home look more attractive. Homes with solar panels sell 20 percent faster than homes that do not. Owners will often get more money when they are selling the home.
• Attractive Incentives
When a person is installing solar panels in their home they can receive some tax incentives. There is a Federal Solar Tax Credit that will allow a person to get up to 30 percent of the cost of the solar panel system back. There are also Solar Renewable Energy Credits that will also reduce the cost. Some states have additional tax credits as well.
• Secure Investment
Solar panels will be able to generate energy and their prices are said to remain steady for the next 20 years. The price of electricity is constantly changing and at times the price can drastically increase. A person cannot lose money making their own energy.
• High Performance
Solar panels are guaranteed by the manufacturer for 20 to 25 years. They will repair them if anything happens. The lifespan of a solar panel on average is 40 years so a person can have energy for a long time.
• Help the Environment
Solar panels can allow a person to reduce their carbon footprint. The United States is the second most emitter of carbon dioxide every year. Solar energy does not release this byproduct. This clean energy will not harm the environment in any way.
• Independent Energy
A person will not have to rely on foreign countries for energy. Eventually there will be a shortage of oil, coal, and natural gas. Solar energy will eliminate this dependence.
• Easy to Understand
Once a person installs solar panels they will not longer have to shop around for competitive energy prices which can become complicated. A person can work with a local Phoenix consultant that will help them with the solar panel every step of the way. They can even get a no obligation price quote.
Solar power panels are attractive to homeowner. They will increase the value of your Phoenix home while reducing the energy costs. This is an all around win for you, the homeowner.