Did you know that the global solar energy market is projected to be worth over $223 billion within the next five years?
With the environmental crisis only getting worse, it’s clear that renewable energy is the way of the future. Thanks to improvements in technology, solar energy has become a lot more accessible to the general population.
Are you asking yourself, “Why go solar?” Keep reading to learn why investing in going solar will always be worth it.
Saving On Energy Bills
One of the main benefits of going solar is having the ability to reduce your electricity bill. Once your panels are paid off, you can often have complete energy independence. This means you could pay nothing to power your home.
The average American spends around $120 each month on their electric bill. Considering that the national average for getting solar panels installed is around $18,500 before tax discounts, this means that your solar panels will pay for themselves in less than 13 years. After this period, you’ll be able to put any money you’d normally spend on your electric bill into your bank.
The Longevity of Power Solar Panels
Waiting for 13 years give or take to gain energy independence can feel like a long time. However, it’s important to note that your solar panels have a long lifespan. When you work with a professional solar installation company, you can expect your panels to last for at least 25 years.
This means that you can enjoy 12 or more years without having to pay to power your home. Since solar panels are low-maintenance, you won’t have to worry about your investment.
Tax Credits
Federal and state governments provide lots of incentives for people to make the switch to renewable energy. These tax credits can whack thousands of dollars off your cost to install solar panels. Be sure to check out your state’s guidelines to find an accurate estimate.
A Reliable Source of Energy
It’s a common misconception that solar energy is only accessible to people who live in the south. Even if you live somewhere cloudy or snowy, sunlight will still be able to reach your panels. While solar may not be quite as efficient for your home compared to sunnier areas, you can still reap these benefits.
Competitive Loan Offers
It’s true that the cost of going solar is a lot upfront. However, there are tons of financial providers who are willing to offer competitive loans. From low monthly payments to low interest rates, you won’t have to save up for this big purchase.
Going Solar Could Be Your Smartest Decision Yet
Lots of people have been wondering if going solar is right for them. With this information, you can decide if you should start researching your local options.
Do you want to know other ways you can be more successful, healthy, and happy? If so, don’t forget to check out the rest of our site so you can have access to the best lifestyle tips.
