Many people ask if it’s too early to adopt solar technology for their home. When some people see technological innovation happening at a relatively rapid pace, they wonder if solar panels will be reduced in price if they wait longer. The advice of most experts is to get on the solar bandwagon now since you will be saving money from the instant the panels are installed. Many solar customers feel empowered by generating their own power and this has a strong momentum when they enthusiastically share the good news about the end of their utility bills. These days, there are many families living paycheck to paycheck who are thrilled they invested in a solar energy system. It's one less nagging bill they have to worry about and there are no maintenance concerns either. The silent operation is another feature that makes solar so attractive to home and business owners.
Some reasons going solar so are obvious, such as contributing to a cleaner environment or supporting U.S. energy independence. But there may be other factors you haven’t considered. For example, many people are thrilled to generate their own power and feel empowered when they don’t have to pay an electric bill every month. For others, that electric bill can be substantial and if they were able to invest in a solar energy system, their electric bills are no more. They also don't have to worry about power outages if they have a solar battery for backup.
There are assorted great solar rebates (many in California) to take advantage of. They can offset the cost of solar in a tangible way. But they won’t be around forever. The Federal Tax Credit, which is available in all states, offers a significant 30% reduction on solar installation prices. But it shrinks to 26% in 2020. Also, the transition to solar isn’t always a rapid process, depending on many conditional factors such as your solar provider, the permit process, your individual circumstances, and your utility provider.
In a recent study, the U.S. Department of Energy’s Lawrence Berkeley Laboratory analyzed the value of homes with rooftop solar. Not surprisingly, one of the findings was that home buyers consistently pay more for properties with solar power systems installed. In fact, homeowners who invested in solar made back at least as much as they invested in buying the system. Plus, homes with solar installed spent less time on the market, which is a benefit for all concerned.
With fossil fuel based energy costs on the rise and always volatile, rooftop solar will save you money every month. Solar power offers the home or business owner more control since the rates for solar don’t fluctuate like they do with utility companies. If your electricity bill is around $100 a month or more, there’s an excellent chance solar could save you considerable money in its 25+ year lifespan. You could even end up selling electricity back to the utility, depending on your energy consumption and the utility company in your region. Stated simply, the sooner you switch to solar, the more you’ll save over time.
Solar power is here to stay, and the sooner you explore how much you can save, the sooner you can enjoy the benefits of residential solar power.
Please visit our solar blog to find out more about the benefits of going solar.
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