Solar energy is sustainable, renewable, and generous. As the cost of using solar to produce electricity goes down each year, many Americans are increasingly switching to solar. As of 2021, there are over a million solar installations across the country. Below are a few major benefits that come from switching to solar.
One of the main benefits of going solar are the financial returns and in some cases the lower monthly utility bills. The exact savings you will see with solar depends on the following:
Solar energy system size
Whether you purchase or lease your system
Direct hours of daily sunlight
Size and angle of roof
Local electricity rates
A solar panel system provides an opportunity for anyone who is looking to reduce monthly utility bills and make a long-term, low-risk investment.
Increased Home Value
For many homeowners, solar panels are viewed as upgrades. Similar to renovating a kitchen or finishing a basement, purchasing a solar system will likely increase your home’s value. Many studies show that homeowners will pay a premium for a solar home. One study, by Lawrence Berkeley National Laboratory showed that on average, a solar system increased the value of a home by about $15,000. Although there are many market factors that may impact the price of the premium such as electricity rates and system size, solar homes have shown to sell for a higher value and faster than homes without PV.
If you care about the environment you’ve most likely looked into renewable energy to reduce your carbon footprint. Each kilowatt-hour (kWh) of solar that is generated substantially reduces greenhouse gas emissions like CO2, as well as other dangerous pollutants such as sulfur oxides, nitrogen oxides and particulate matter. Solar also reduces water consumption and withdrawal.
Additional Benefits to Consider
The benefits of solar don’t just stop at financial savings and environmental benefits. There are endless reasons for homeowners to go solar. For example, going solar contributes to local jobs and helps boost your local economy. According to The Solar Foundation’s Annual Solar Job Census, the solar industry employs over a quarter million people, including those who work for local solar companies in your area. By investing in solar, you are also investing in your community by helping local businesses.
There are infinite reasons as to why homeowners and businesses should consider going solar. Whether you are looking to save money, help the environment or your local community; get started today with TriSMART Solar and Click Here to view your Solar Savings and get connected with one of our solar experts today!