Solar panel installation is an excellent way to negate skyrocketing energy costs and keep consumption at bay. Furthermore, it reduces the environmental impact of the household on the overall carbon footprint.
Partner with a reliable solar installation Rockford IL company that specializes in providing a host of benefits for the home, local businesses, and the movement on energy independence. Still undecided?
Read on to know more about the top four advantages of home solar energy alternatives.
An efficient cost-saving measure
With solar energy utilization, annual energy costs are perceived to be cut by thousands of dollars. Factoring in transportation and living energy costs, an estimated over 3,000USD is spent on an average person yearly.
Solar power can massively reduce and eliminate these costs. By far, the most attractive benefit is a lifetime of savings as harnessing energy from the sun is at zero expenditure.
Next, solar panel installation is proven to be effective in increasing a home’s resale value. Homeowners and buyers are attuned to the benefits of solar panels.
Since it comes with the house, they can veer away from the capital investment of the installation. Therefore, they only reap its benefits. The resale value of a home improves by the kilowatt-hour.
For example, for a 5-kilowatt system, there is an expected increase of more or less 30,000USD in the home’s resale value.
The future of sustainable living
Traditional electricity derives its energy from fossil fuels such as natural gas and coal. This process is the culprit for the emission of harmful gases that lead to air pollution and global warming.
In addition, fossil fuels are a finite natural resource. Our dependence on it is a threat to its supply and capability to power the world.
On the other hand, solar power is the best alternative as a renewable energy source derived from the sun. The installation of solar panels negates air pollution, health risks, the intense reliance on fossil fuels, and climate change.
Reduction and elimination of utility bills
Drawing electricity from the grid is the best way to reduce and eliminate energy bills. For example, harnessing electricity from the sun for an entire day is enough to power a house for the night at a zero net electricity consumption.
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Earn energy rebates and tax credits
Technically, a homeowner with solar panel installations can earn from tax credits and rebates on top of the quick return on investment. Therefore, utilizing solar power for your home or business can be a worthwhile investment in the long run.
For example, there will be a deduction from your capital through federal income tax credits upon installation. In turn, this will be combined with the state rebates and the renewable energy credits from the solar power you sell to utility companies.
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Thus, an excellent way for the government to encourage solar power is to incentivize through appealing tax credit and rebate schemes.
Takeaways
Ultimately, the advantages of solar power utilization outweigh the cost of installation. With the collective benefits of renewable energy, nature conservation, reduction of energy bills, and tax credits and power rebates, investment is worthwhile with a quick return on capital.
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Image credit: home solar panel installation by envato.com
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