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While we are passionate about solar energy, we understand why homeowners aren’t so sure about making the leap. Since it’s such a newer technology, it can be difficult for them to see the benefits of a solar energy system. To help people understand solar better, we thought we’d cover some of the top benefits of installing one of these systems.
Increased home value
There is evidence to support the fact that people will pay a premium for a solar home. One study in particular, conducted by the Lawrence Berkeley National Laboratory, showed that solar can, on average, increase the value of a home by about $15,000.
Reduced electricity bills
When it comes to powering your home, solar energy can be economical. In general, it can dramatically reduce your monthly electric bill. In fact, in some situations it can reduce your bill close to zero.
More and more, families are looking for ways to live green and reduce their carbon footprint. Using solar energy is one way to do that because it’s one of the cleanest and more renewable forms of energy available.
Potential tax benefit
The federal solar tax credit, also referred to as the Investment Tax Credit (ITC), allows you to deduct a portion of the cost of installing solar in your home. This can help you recover a portion of the expense, while still receiving all of the benefits. Additionally, many utility companies have rebates that may help as well.