Thinking about going solar?
Have you ever thought about going solar? If you're like most people, you probably think that solar panels are expensive and that it's not worth the investment. The truth? Going solar is a great way to save money, reduce your carbon footprint, and increase the value of your home.
When you go solar, you get to own your power instead of renting it, which means that you're free from regulations that those without solar may be dealing with.
The same goes for power. You can rent your power from the utility company. They’ll have control over the prices, and will inevitably raise them on you. If there’s a power outage, there’s not much you can do about it.
1. Reduce your energy bills
One of the biggest benefits of solar panels is that they can help you save money on your energy bills. Solar panels generate electricity from the sun, so you can use them to power your home or business without having to rely on the grid. This can lead to significant savings, especially if you live in an area with high energy costs.
In fact, a study by the National Renewable Energy Laboratory found that the average household can save $10,000-$20,000 over the lifetime of a solar panel system. And that's not even counting the tax credits and other financial incentives available to you.
2. Increase the value of your home
Another financial benefit of solar panels is that they can increase the value of your home. A study by Zillow found that homes with solar panels sell for an average of $15,000 more than homes without solar panels.
This is because solar panels are seen as a desirable feature by many homebuyers. They're seen as a way to save money on energy bills, reduce your carbon footprint, and improve the overall value of your home.
3. Provide tax breaks and financial incentives
In addition to the financial benefits mentioned above, there are also a number of tax breaks and financial incentives available for homeowners who install solar panels. These incentives can help you offset the cost of your solar panel system and make it even more affordable.
Some of the most common tax breaks and financial incentives for solar panels include:
The federal solar tax credit: This credit is worth 26% of the cost of your solar panel system, and it can be claimed on your federal income taxes.
State and local tax credits: Many states and local governments offer tax credits for solar panel installations. These credits can vary in amount, so it's important to check with your local government to see what's available.
Rebates and grants: Some utility companies offer rebates or grants for solar panel installations. These programs can help you save money on the cost of your solar panel system.
The Bottom Line
It’s a no-brainer - there are a number of financial benefits to going solar. If you're thinking about installing solar panels on your home or business, we encourage you to do your research and learn more about the potential savings and incentives available.
It could be one of the best decisions you ever make for your wallet and the environment.
Would you like to learn which solar panel is the best option for you?
You can reach us at 1-877-772-6357 or contact our NuWatt Solar Consultants by filling out the form below.
