As the cost of going solar goes down, more households are making the switch! According to Solar Energy Industries Association, solar has experienced an average annual growth rate of 49% . Families are seeing the benefits of going solar for their homes, the environment, and their wallets!
If you go solar, you too will realize that there are many benefits… Here are just a few!
Reduce or Eliminate Your Electric Bill
One of the main reasons people go solar is to save on their home energy costs. This is one of the many benefits of going solar.
Although we have seen it, going solar does not mean that your electric bill will vanish completely. In most cases, we have seen that when a household decides to go solar, the energy bill is cut by anywhere from 50%-90%.
Going solar can be costly, but your monthly savings on your electric bill can off-set the cost of your home’s solar energy system. In addition, you can pay down the cost of your home solar system. You cannot pay down your recurring electric bill with your electric company!
Lock In Your Energy Costs
You may have a general idea of how much your home’s electric bill is every month, but it is always a guessing game as to what the exact amount will be. This can be frustrating when you are trying to establish a household budget!
When you go solar, you can say goodbye to guessing! You will not ever have to guess what the monthly payment on your solar system will be. When you choose the right solar company, the cost of the solar system should be equivalent to or less than what you pay monthly to your electric company.
On top of that, electric companies increase their costs by an average of 5%-8% per year. This can get costly after a few years! Our natural resources are limited, which may explain why electric companies steadily increase their prices!
Increase Your Homes Value
Going solar is an investment. The upfront cost of solar may be a bit frightening but putting solar panels on your roof can increase your home’s value greatly! A study conducted by the National Berkeley Laboratory showed people are willing to pay a premium for homes that are equipped with solar energy. These premiums tend to be similar to the cost of the system.
As alternative energy becomes more popular, there will be more demand for homes that are solar equipped! Unlike the other benefits of going solar, this is one that will show in the long run.
Help Save the Environment
The best benefit of going solar is you are helping the environment.
Traditional electricity is produced by burning of fossil fuels such as coal and natural gas. During this process, harmful gases are produced that are the primary cause of air pollution and global climate change. These resources are also limited which explains why your electric company steadily increases their prices yearly.
According to Energy.gov, 173,000 terawatts of solar energy strikes the Earth continuously. That is more than enough to cover the entire world’s energy use 10,000 times over!
Solar is the most abundant energy resource on Earth… Why not take advantage of it?