5 Ways Installing Solar Panels Can Save You Money 

 April 24, 2022

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Did you know that solar power has experienced an average annual growth rate of 33% over the last ten years?

Renewable energy is on the rise, and a growing number of people are becoming aware of the benefits of installing solar panels in their homes. There’s an unstoppable movement underway, with humans transitioning from non-renewable sources that are polluting our planet.

Learn how you can save money by reading further for five reasons to install solar panels.

1. Lower Energy Bill

What better place to begin than your utility bill? By using the electricity that your panels generate, you’ll get to enjoy massive reductions on your electricity bill.

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Energy bills are higher than ever, but many homeowners can cover 100% of their energy needs through their solar panels at a stable rate. Moreover, you can use your solar panels to power your home heating system in the cold winter months.

2. Take Advantage of Tax Credit Incentives

The US government is encouraging people to invest in solar by offering financial assistance. The Investment Tax Credit (ITC) gives homeowners a 26% deduction on the cost of installing a solar energy system.

On top of that, each state offers its own solar incentives to its residents. This can include significant upfront rebates and renewable energy certificates.

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3. Increase Your Property Value

Installing solar panels can increase the value of your home by up to $6,000 for each kilowatt of solar panels installed. Buyers are increasingly looking for homes that rely on renewable energy and produce a lower carbon footprint. Experts are expecting this trend to continue in the years to come.

4. No More Rising Energy Costs

Relying on non-renewable energy leaves customers at the whim of fluctuating energy prices. The entire world has seen a significant rise in energy bills over the last few months. These prices, which are unlikely to come down, depend on several , including temperatures and wind output.

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Homeowners who use solar energy can lock in lower rates than utility companies. Meanwhile, the volatile energy prices of non-renewables make renewables a far more attractive proposition.

5. Upfront Costs Are Lower Than Ever

Despite the long-term benefits, the initial costs of solar panels have put off many people in recent years. Yet, the upfront costs are lower than ever and more than 50% cheaper than in 2010.

A local solar installation company can help you go green and save money with zero upfront costs. There are many types of solar panels, and an experienced installation company can provide you with tailored advice for your home.

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The Benefits of Installing Solar Panels Are Undeniable

Going solar is good for the environment, and it can also save you money in the long term. Worldwide, people who rely on non-renewable energy are struggling with rising energy bills. Solar energy bills are much more stable and predictable.

Did you find this information about installing solar panels helpful? Well, take a look at more great blogs on our site.

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