A growing number of households are resorting to installing solar panels in their homes. One of the leading reasons for this is the amount they will be saving on the energy bill. The initial installation cost may be a bit big for this investment, but it’s worth the price, especially with the long-term savings you can get by lowering your electric bill. Besides this, there are other benefits that you can get from installing solar panels in your home. Below are some of them.
Tax benefits
The federal government offers a 30% income tax credit for the amount you spend on solar panel equipment and installation when you file your taxes. So, for example, if you spend $25,000, you will get $7,500 back through a tax return. Moreover, most local governments also have additional schemes or programs that benefit those who install solar panels at home.
Live off the grid
You can be independent of the grid as you generate your electricity. For example, if you live in a hot place, your solar panels could provide the energy you need for the entire day. You may use a battery storage system that stores energy generated from solar panels. It’s helpful during the night, rainy or cloudy days when the solar panels do not generate as much electricity you need. With that said, remember to trust only a reliable company specializing in solar panel installation like Cross Country Construction if you decide to get them for your home. It’s to ensure that you make the most out of your investment.
Get rebates
If you generate more energy than you use, you may also contribute to the grid and get rebates. Instead of paying the energy bill, you will be paid for the power you share with the grid.
Enjoy little to no brownouts
If you generate enough electricity or more than you need, you may experience little to no brownouts, especially if you have an energy storage system. Even when the sun is not up, the solar panels still generate energy, although it may not be as much as during a sunny day. However, if you have stored energy in your battery, you can use that as your power source.
Increase home value
Solar power installation is an excellent investment because it makes your home more sellable in the market. If you decide to sell it in the future, solar panels are a significant marketing factor. Buyers would love a home with solar panels with all the benefits they bring.
Good for the environment and health
The burning of coals creates toxic gases that are bad for the environment and health, yet power plants still use coals to generate electricity. On the other hand, there is no need to burn anything when using solar panels, making them safe for the environment, people, and animals.
Sun is an infinite source of energy
Coals are non-renewable. They may run out, or there could not be enough sources after some time. Therefore, it could contribute to an increase in energy costs. Alternatively, solar panels use the sun to generate power, which is an infinite source.
If you are thinking about installing solar panels at home, this is a sign to go for it. You will save on your electric bill and enjoy all the other benefits listed above.
