Stats show that America’s energy consumption doubles every 20 years. This and other statistics about energy consumption per household will make it clear that people need to start thinking about solar technology and how it could be integrated into their homes. You don’t have to worry about electricity bills. There are many other benefits.
You should consider going solar if you have been contemplating it but aren’t sure if you can make the leap. GTM Research says that residential solar systems are now at an all-time low price, making it the best way to spend your money.
If you are still unsure and want to know more about why solar technology is so important in 2018, we will explain the top benefits you get by integrating a solar system into your home.
Here are some pros to installing solar technology.
Significantly reduced electricity bills
It helps to reduce your electricity bills by many folds. These bills are a large portion of your monthly expenses so cutting them down can help you save money for other important things.
You can generate power for your entire home with a solar panel system that is efficient. Even if you are consuming all of the energy you produce, the solar system can help you reduce your costs and save you a lot.
You are eligible for 30% solar tax credit
The latest tax reform legislation passed Congress shows that Americans are about to see a shift in how they calculate their mortgage interest tax deductions. Although there have been significant changes, homeowners will still be eligible for a 30% tax credit for solar investment. Even though the numbers will decrease in the coming years, there is still a chance for you to get the tax credit.
The ITC does not qualify as a tax deduction. However, you can use the credit to offset future taxes due to the IRS. If the utilities are connected by the end the year, then you could be eligible for a $9,000 tax credit, if your total solar installation and buying costs were $30,000
It allows you to get off-the grid
Solar energy not only reduces your carbon footprint and lowers your electricity bills but also removes your home from the grid. Traditional electricity is dependent on fossil fuels such as coal and natural gas, so it can cause environmental damage.
These resources are not only bad for the atmosphere, but also are limited. This is why fuel and electricity prices are rising. These resources will not be as scarce if enough people use solar panels to generate their primary power source.
Increases your home’s value
several statistics show that houses with solar panels and systems sell faster than those without. Solar installations are considered by home agents and resellers and the home is priced accordingly.
As homeowners become more knowledgeable about solar systems and their benefits the demand will rise, which will benefit you as you sell your home. Buyers are increasingly looking for tips on solar marketing. They know it is better to purchase a house with solar panels than a property without.
Helps you be aware of what is doing.
Installing solar panels and a system in your home will make you more aware of how much energy you are using, unlike conventional energy that you can use blindly. Solar systems are limited in power so you will need to turn off unnecessary lights and appliances if you don’t use them.
You will save even more on your electricity bills by doing this. The more intelligent you are about how you use the energy, the less it will cost. You will be more independent as you won’t be affected immediately by changes in utility prices, and you can continue to receive your free energy.
Reducing carbon footprint
A report in the Science Daily shows that one American household emits 20 metric tons per year of carbon dioxide. This is a significant increase in carbon dioxide emissions compared to the four tons that the rest of the planet emits. Although it is almost impossible to eliminate your carbon footprint completely, solar panels can help you reduce it significantly.
These solar systems can significantly reduce carbon dioxide emissions, making it easier to make a contribution to the environment. Solar panels are completely emission-free so you can feel good about helping the environment.
Higher return on your investment
You should consider installing solar panels on your home in 2018, as you will see a greater return on investment. You will not only save on your utility bills but you can also lock the 30% tax credit for investment. This will allow you to save even more by generating additional utility bills credits during the summer months.
You can save a lot depending on how much you use, your house size, and other factors. You should also remember that the future value of the money you save is greater than the one you save today.
Final thoughts
This is the time to get started if you have always wanted to install solar systems but were unable to. You can use solar calculator software to help you make a decision about whether your home is eligible.
