We’ve all heard about climate change by now and about the fact that we should all be doing more to lower our carbon footprints. More recently, we’ve also been hearing a whole lot about the rising energy costs that are hitting homeowners across the nation. In some states, they’re as much as 23% higher than they were a year ago.
With all of this being the case, there’s never been a better time to look into cleaner energy options. The benefits of solar panels are numerous and hard to overstate. Read on to learn more about how buying solar panels can improve your home.
1. You Can Reduce Your Utility Bills
As we’ve mentioned above, energy prices are soaring. One of the best things about home solar panels is that you can generate as much energy as possible completely for free.
If your electric bills have been rising lately, then solar panel installation could a great option for you. Research has shown that over the course of two decades, you could stand to save as much as $40,000. This number varies based on installation costs and average energy prices in your area.
2. They’re Great for the Planet
One of the biggest benefits of solar energy is the fact that it’s eco-friendly. Solar power is the world’s cleanest and most readily available energy source. Because solar power is renewable energy, there’s never going to be a shortage, and you’ll be able to reduce your carbon footprint over time. You could eliminate as much as 4 tons of carbon emissions each year.
This is important because climate change is wreaking havoc on our planet, and the situation isn’t likely to get any better unless we take action now. If you’d like to read more about solar power and its many benefits, click this link for all the information you need.
3. There are Exciting Incentives to Consider
Solar panels are so kind to the environment that both local and federal governments are willing to offer their citizens incentives to have them installed. The incentives vary from state to state, so you should check what local governments in your area are offering.
You could stand to earn some major tax credits and discounts depending on where you live. On a federal level, the government is offering a 26% tax credit for solar panels installed between 2020 and 2023. If you’re thinking of installing in 2023, you’ll be eligible for a 22% tax credit.
Three Major Benefits of Solar Panels
When you install solar panels in your home, you’re not only helping out the planet and the country, but you’ll also be helping yourself. You can save money on electricity bills, lower your carbon footprint, add value to your home, and future-proof your property all in one fell swoop.
The benefits of solar panels are many, and we hope that this article has demonstrated this. If you’re looking for more resources on ways to save money at home, don’t forget to check out the rest of our articles now.