Why “Go Solar” should be your New Year resolution?
Solar power is the energy of the future. Over dependence on fossil fuels has abetted the alarming issue of global warming big time. Glaciers are melting, sea level is rising and the whole planet is under severe threat as of now. It’s high time we switch to solar energy to save our world and ourselves. Here is a brief on why “go solar” should be your New Year resolution in 2018.
Fossil fuels tend to emit dangerous gases in the environment while producing electricity, leading to the alarming problem of air pollution we see today. Moreover, fossil fuel is not infinite and cannot be renewed. On the other hand, solar panels draw pure clean energy from sun. Installation of solar panels will reduce our overt dependence on regular fossil fuel. It will eventually solve the issue of greenhouse gas emission and global warming. And, solar energy is always renewable.
Huge savings on electricity bills
One of the main benefits of installing solar panels for home is huge savings on electricity bill. With solar panels, you will be able to generate free energy for the systems 20-25-year lifecycle. Put simply, solar panel installation will enable you to save around $100 on your energy expenses per month.
Moreover, solar panels will also relieve you from the burden of rising electricity costs over time. In the last decade, electricity costs have rose by 3% annually. But with solar energy, you always enjoy fixed electricity rate. Solar panels might apparently look costly with a sizeable installation charge. But the amazing cost savings you reap in the long run make solar energy a worthy investment.
Increases your home value
Do you have plans to sell off your home in the next 5 to 7 years? Well, in that case, you must install solar panels in your home this year. As we have discussed earlier, a home with solar panel assures dramatically lower energy cost. This very fact single-handedly enhances your home value to buyers by 20-30%. Solar installation is considered as a major parameter of home valuation by home appraisers today. Reports from NREL (National Renewable Energy Laboratory) show homes backed by solar panels tend to sell 20 percent faster and that too for 17 percent more money.
Solar panel companies usually extend a grand 20-25-year warranty assurance with solar panels. The performance guarantee is around 80% after the warranty period (25 years). To put it simply, the solar panels that you will install this year, will last you around 30-40 years minimum.
The perk of federal solar tax credit
The Federal government has recently passed a bill to make solar panels more affordable for the Americans. The Federal Solar Tax Credit or Investment Tax Credit enables solar panel users to cut down 30% of solar energy installation cost from their federal taxes. ITC is applicable to residential as well as commercial solar panel users.
More than 1.3 million American homes have already installed solar panels. Join the line to make the world a better place to live in.