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5 Reasons Why You Should Invest in Solar Panels
Posted: Feb 09, 2023
According to the SEIA, more homeowners installed solar panels in Q4 of 2022 than ever before. That's because these people crave the independence and savings provided by this power source.
Solar power is also the one great hope for our ongoing survival on this planet. It's one of the best ways to slow global warming and reduce the ever-more-frequent extreme weather events of modern times.
Keep reading if you're ready to join these eco-savvy homeowners and explore the benefits of solar panels, too.
Solar Energy Is Sustainable Energy
The most important benefit of installing solar panels is that you're reducing carbon emissions when you do so. Burning fossil fuels to generate electricity is an archaic and wasteful practice.
It creates numerous harmful emissions that lead to pollution, global warming, and health issues. These toxins include:
- Carbon Dioxide
- Nitrogen Oxide, which is harmful to the lungs
- Carbon Monoxide
- Particulate Matter that contributes to chronic bronchitis and asthma
- Sulfur Dioxide
- Mercury, which is poisonous to man and beast
By contrast, solar panels release zero emissions.
Global warming is one of the most dangerous and pressing issues of our time. If we don't slow the number of carbon emissions produced by daily living, we will face catastrophic consequences. Increasing global warming is changing the earth's natural weather patterns which affect our crops and animals, and could ultimately destroy our ability to grow food.
Fossil fuels are also finite entities, and they will eventually run out. Solar power relies on the sun, which will still be around billions of years from now. Electrical power plants also use vast quantities of water and displace forests and people during the construction process.
Solar Power Saves You Money
Doing your bit for the environment might soothe your conscience and make you feel good about yourself, but solar energy will also benefit your budget. The initial cost of installing solar is expensive, but the savings you enjoy from solar panels will quickly make up for this.
Plus, there are several ways to reduce the cost of solar power to your home. Power Purchase agreements allow you to use solar energy at a reduced rate, in exchange for housing solar panels on your roof. You don't pay any installation costs.
With a solar lease, you can also enjoy solar power for a lower monthly cost. Finally, there are many low-interest solar loans available to qualifying homeowners. When you buy and install solar panels, you can also deduct 30% of the cost of your installation from your annual income tax.
You can also earn a passive income by selling any excess electricity you generate back to the grid, or members of your community. In some states, you can also sell Solar Renewable Energy Credits (SRECs) to commercial enterprises in your area.
Solar Panels Increase Home Value
Many home improvements offer a high ROI when you sell your home, but solar panels take this to the next level.
Firstly, prospective buyers know about the benefits of solar energy, so they're willing to pay much more for a house with solar panels. Often more than the value of the panels themselves.
What's more, when faced with a choice between two otherwise identical homes, buyers will always choose the one with solar panels on the roof. That's because they're aware of the ongoing savings offered by solar power.
The best part is that while a solar installation increases your home's value, in many states it doesn't impact your property tax. You won't pay extra tax on the value added by solar panels.
It's Easy to Maintain Solar Panels
Solar panels are durable and resistant to high winds, hail, snow, and rain. They rarely crack unless subjected to a direct and deliberate impact. Solar panels have no moving parts, so there's little wear and tear involved in their operation. To set your mind at ease, solar installers recommend an annual inspection to check for loose connections.
One way to keep track of your solar panels' maintenance needs is by monitoring their daily performance. A state-of-the-art inverter will help you keep track of daily outputs, so you can monitor any decline in performance over time.
According to this helpful blog, in some cases, rain is enough to keep your solar panels clean and operating at their best.
It's still a good idea to check your solar panels for a build-up of dust and debris at least once a month. You can clean them with a leaf blower and a soft cloth, water, and an approved glass cleaning solution.
Solar Panels Are a Fixed Asset
Few home improvements can generate the returns that solar panels do. They can last as long as twenty years and they'll save you money every month throughout their lifespan.
Electricity is usually a grudge purchase. You need it and have to pay for it, but you never have anything concrete to show for your money.
Solar panels are a tangible asset that adds value and appeal to your home and your life.
Simplify Your Life
When your home runs off solar power, you aren't at the mercy of a power company's price increases. This makes it much easier to budget for your monthly expenses and avoid unexpectedly high bills.
Solar panels also eliminate the possibility of unplanned electricity outages disrupting your life or work. As long as the sun shines, you can count on solar power to deliver electricity to your home.
Browse our blog for more tech insights to help make your life easier and more fulfilling.