Some homeowners look at the solar panel price and wonder if it’s worth the investment. Honestly, the many benefits offered by solar power more than pay for the cost of equipment and installation. If you’re on the fence about getting solar panels, take a look at these incredible advantages.
Boosting Your Property Value
Most home additions boost your property value, and installing solar panels is no different. A lower electricity bill is attractive to new homebuyers who may be willing to pay more upfront for later savings.
Homes with solar panels also attract buyers who are specifically looking for sustainable housing. With a wider pool of buyers, you can get more for your property when you decide to sell.
Increasing Your Savings
The solar panel cost can be as low as $15,000 to as high as $22,000, depending on where you live. This investment understandably gives some people pause, but the system typically pays for itself in the form of savings. In fact, solar panels usually lower your bill enough to cover their initial cost in six to 10 years.
Additionally, the federal government provides tax credits as an incentive to switch to solar. Some states have their own solar programs that help with installation costs.
One area where you can save the most is HVAC bills. AC takes a lot of power, and with excessive summer temperatures becoming the new normal, people have to run their ACs longer. When you rely on solar panels, sky-high bills are less of a concern.
Creating Self-Sufficiency
Today’s homeowners rely on electricity more than ever before. Between appliances, electronics and climate control, the average household has a higher average demand on the power grid, which providers may struggle to meet. Areas with little investment in power infrastructure face the biggest problems, as the entire grid can go out at the peak of a heat wave or cold snap.
Solar power offers a way to be self-sufficient. Even if the power goes out, homeowners have a reliable source of electricity for a short time, allowing them to power essential items:
- Freezers and refrigerators
- HVAC systems and furnaces
- Medical equipment
You can even store electricity in case of emergency. Home solar batteries hold excess power generated by solar panels; they can hold a charge for up to five days, depending on the size and brand. These backups can make a huge difference during widespread outages.
Reduce Your Carbon Footprint
In addition to benefiting individual homeowners, solar power is good for the planet. As more people move away from fossil fuels, pollution will become less of an issue, giving the environment space to recover.
A healthy environment directly and indirectly affects humans. Clean air and water mean fewer health problems, which increases quality of life and decreases spending on medical bills. Thriving ecosystems mean ample food production and stable weather patterns, both of which are critical for a prosperous society.
If you’re ready to embrace the many advantages of solar panels, consider contacting Denver solar companies. You can compare prices and find an option that works for you. In just a few weeks, you can use the sun to power your home.