Renewable energy and fossil fuels

The damage that fossil fuels are causing the earth is profound and enduring. The most recent climate research is even more alarming than the pessimistic projections of the researchers. Climate scientists have been warning of destructive climate-related weather and their predictions are already coming true. Catastrophic drought and wildfires are terrorizing several portions of California. Japan is recording the highest temperatures since the country began compiling weather records. Canada, Europe, and Africa are also reporting climate-related deaths with heat waves killing hundreds of people prematurely. But how does the weather in other countries affect everyone else? Global warming’s effects are being observed in every corner of the world. In order to become more responsive on a personal level, numerous people are taking advantage of low solar panel prices and investing in their future. But saving the environment is only one of many reasons to install a solar energy system. If you are trying to boost your home value or want to use only “clean energy”, try solar.

Multiple studies show home value increases with solar

Several studies have found that home values increase by four dollars for every watt of solar installed. Another report by the National Renewal Energy Laboratory concluded that solar homes sell 20% faster and for 17% more than similar non-solar homes. One developer stated that homes sold within a year of being put on the market, two years faster than planned. Houses also sold for as much as $600,000 when originally priced $379-499K. This makes sense since solar provides the capability to generate your own power and depending on the size of your system, you could even sell electricity back to the grid.

Survey of home buyers proves the value of solar

91% view energy efficiency as an important factor when considering the purchase of a new home and 70% view the monthly electric bill as an important factor. In addition, 81% see solar as a method to save on monthly living costs. There is an initial expenditure for installation of the system, but this is quickly offset and then you are generating free electricity for the life of the solar power system.

Solar homes are much more valuable

As the cost of electricity increases, the demand for a lower cost alternative is deemed more valuable. Who wouldn’t want to generate their own power? On average, utility costs have risen about six percent per year for the last 32 years. By installing solar, homeowners can lock in lower rates and even get paid production incentives at up to five times more than retail rate until 2020. These savings are passed onto the new home purchaser.

Great warranties on solar

Home buyers get the advantage of buying a home that produces its own power, but they also get incentives and warranties that transfer to the new owner when sold. Depending on the manufacturer, panels can have up to a 25-year warranty. Equipment warranties can be transferred to new owners. With all the incentives and rebates, installing a solar energy system has never been cheaper. The investment in solar is considered one of the best investments by financial experts. It's not just the financial benefits that are driving the solar boom. Most people switch to solar because they want to breathe cleaner air and stop contributing to global warming. But there's also a feeling of empowerment when you generate your own power.

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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