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Top four benefits of installing solar panels on your home

Published on 5 Apr 2017 Written by Taryn Holowka Posted in Industry

Solar panels are a great way to offset energy costs, reduce the environmental impact of your home and provide a host of other benefits, such as supporting local businesses and contributing to energy independence.

  1. Reduce or eliminate energy bills.

This one is pretty amazing. In Washington, D.C., which has an average amount of sun, but it’s enough to power a house of three kids and two adults at net zero energy consumption.

Even if you live somewhere cloudy, such locations typically receive more than two hours of sunlight per day, while sunny locations receive an average of 5.5 hours of sunlight per day.

Although sunny days will produce more solar energy, solar panels will continue to draw energy even when the weather is cloudy. Indirect, or diffused, sunlight will still help to power your home. Cloudy days usually produce around 10 to 20 percent of the power generated on sunny days.

  1. Earn tax credits and rebates.

To start, you will get 30 percent of total system costs back from equipment and installation as a federal income tax credit when you file your taxes. This means you would save $7,500 on a solar system worth $25,000.

Combine this with state and local rebates and Solar Renewable Energy Credits (SRECs), and total costs can be cut in half. The SRECs are generated throughout the year, and you can sell them to utility companies, which generates a very impressive return on the initial investment.

The investment has a payback period of only 3.5 years, while the solar panels have a warranty of 10 years and useful life of 25 years—which means you generate free electricity and extra credits for 20+ years.

  1. Start saving from day one.

Annual energy costs can be in the thousands.

Solar panels significantly improve your resale value. Most home buyers understand what a home with solar panels means—especially because the system is already in place and they didn’t have to make the initial investment and installation. According to research, most homeowners see a $5,911 resale value increase per installed kilowatt. That means if you install a 3.1 kilowatt system, you could improve your home’s resale value by nearly $18,000.

 4. Help the environment and help us all.

Solar power systems derive clean, pure energy from the sun. Installing solar panels on your home helps combat greenhouse gas emissions and reduces our collective dependence on fossil fuel. Traditional electricity is sourced from fossil fuels such as coal and natural gas. When fossil fuels are burned to produce electricity, they emit harmful gases that are the primary cause of air pollution and global climate change. Not only are fossil fuels bad for the environment, but they are also a finite resource. Because of this, the price is constantly fluctuating and can increase in a short period of time.

Solar power also works during a drought or heat wave  During heat waves or severe droughts, electricity generation is at risk. But solar power systems do not require water to generate electricity.

In addition, solar power creates jobs in clean energy. The U.S. has been leading the world in clean energy.

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The U.S. Green Building Council (USGBC) is a non profit organization that certifies sustainable businesses, homes, hospitals, schools, and neighborhoods. USGBC is dedicated to expanding green building practices and education, and its LEED® (Leadership in Energy and Environmental Design) Green Building Rating System™.

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