Advantages Of Getting Solar Panels

Buying your solar electric system outright is best.

Advantages of getting solar panels.

Buying a solar energy system will likely increase your home s value. It usually costs 15 000 to 20 000 after tax credits and can reduce your electricity bill by 70 to 100 percent depending on the size and. In the past ten years residential electricity prices have gone up by an average of three percent annually. It can be harnessed in all areas of the world and is available every day.

They can then sell that excess energy to the utility. Getting solar energy is free but investing in solar panels is expensive but it s worth it in the end. A recent study found that solar panels are viewed as upgrades just like a renovated kitchen or a finished basement and home buyers across the country have been willing to pay a premium of about 15 000 for a home with an average sized solar array. These two programs are zero cost to the homeowner for installation warranty and monitoring said nevada real estate agent blake guinn.

In these scenarios you are being compensated for the electricity that your solar panels generate. Panels on your roof help reduce carbon emissions and bring down our collective dependence on fossil fuels. Among all the benefits of solar panels the most important thing is that solar energy is a truly renewable energy source. Solar renewable energy credits srecs and net metering are two key benefits of solar that allow you to earn bill credits or even extra cash as your system produces electricity.

We cannot run out of solar energy unlike some of the other sources of energy. Solar power systems derive energy from the sun. Many states require utilities to offer net metering which allows homeowners to offset their electric costs with the energy their solar panels produce. One of the most clear cut benefits of solar panels is the ability to hedge utility prices.

The residential renewable energy tax credit as the irs calls it can be an attractive way to save on the significant cost of installing solar panels or roofing. An average sized residential solar. By installing solar you re not only reducing your carbon footprint but also doing your bit to increase renewable energy generation when you export energy from the panels to the grid. Additionally there is evidence homes with solar panels sell faster than those without.