6 reasons to install solar panels in your house
If you have ever wondered if the benefits of solar energy outweigh its costs, you are not alone, you are not the only one.
Interest in this alternative energy source has increased steadily since it was first introduced. In fact, solar panel installations increased 70% in 2015 over the previous year, while costs have decreased 73% since 2006.
Still not clear? Here are 6 reasons why you should consider installing solar panels on your home.
Save on electricity bill.
The average solar installation costs between $10,000 and $35,000. If this sounds too expensive for you, think about this: A recent study showed that customers save an average of $44 to $187 a month the first year they install their solar panels. That's from $528 to $2,244 in a single year, which means your installation could pay for itself in five years – and still save money on your monthly electric bill for years to come. By some estimates, the average solar installation saves consumers more than $20,000 over 20 years. In some areas, savings can reach up to $64,000.
Save on taxes.
In some countries, governments encourage the installation of solar systems with tax cuts or very low interest loans. You can access credits or subsidies for the use of solar panels in your home or you can even sell the electricity you do not use to the electricity grid.
Increase the value of your home.
A recent study by the US Department of Energy showed that potential homebuyers are willing to pay a premium of $15,000 for a mid-size home equipped with a solar system. The average solar system uses 3,600 watts, which means you can anticipate an additional $4 worth of home sales value per watt. Considering that the cost per watt today is around $3, and is expected to drop further in the future, solar power will continue to be a worthwhile investment for your home.
Generators can break down, fossil fuels can run out, and utility companies can dissolve. The sun is not going anywhere, at the moment. In fact, the sun supplies approximately four million tons of energy every second, and humanity only uses 0.0001% of that amount in global energy consumption. So you never have to worry about it running out.
Reduce your polluting emissions.
A single solar system installation offsets 178 tons of carbon dioxide over 30 years, which is the equivalent of planting 10 football fields of trees. Instead of burning fossil fuels that are slowly killing the Earth, solar power does no harm to the environment.
Renewable energy will make you independent from expensive energy providers. Unlike an electricity provider, the sun will never increase your rates. In the last two years, the United States has experienced an average increase of 3.2% in residential electricity prices. If this trend continues, you will have paid for your solar panels sooner than expected.
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