There are many reasons to go solar in 2020. The environmental benefits of solar energy and cutting energy costs are two of the most common reasons. A lot of people are aware that getting a solar panel installation is a great upgrade to your home, and many homeowners are eager to reduce their carbon footprint while improving their property value.
Regardless of the motivation for getting a solar panel installation their tons of solar energy benefits. There are economic benefits of solar energy, the environmental benefits of solar energy, or for personal reasons, the list of the benefits of solar panels is a long one. Here are a few of the most popular reasons homeowners are choosing to go solar!
Reduce Your Electricity Bills
Regardless if you’re a homeowner, business owner, or nonprofit, electricity costs can make up a rather large portion of your monthly expenses. With a solar-powered system, you will generate free power for your solar-powered system’s entire lifetime. Even if your solar-powered system doesn’t produce 100 percent of the energy you consume, solar power is going to reduce your utility bills and you will still save a lot of money.
Earn a Good ROI
When it comes to getting a solar panel installation, it is important to keep in mind that solar panels are not an expense - they are an investment. Solar panels have returns that rival those more traditional investments such as stocks and bonds. Thanks to the substantial electricity bill savings, the average American homeowner is going to pay off their solar panel installation in around seven to eight years and will see an ROI of 20 percent or more.
For Their Protection
One of the most obvious benefits of solar panels is going to be the ability to hedge utility prices. In the past ten years, residential electricity prices have gone up by an average of three percent annually. By investing in a solar-powered system, you can fix your electricity rate and protect against unpredictable increases in electricity costs. If you’re a business or a homeowner with fluctuating cash flow, getting a solar panel installation will also help you forecast and manage your expenses.
Increase Your Property Values
There have been multiple studies that have found that homes equipped with solar-powered systems have higher property values and are going to sell more quickly than homes without a solar panel installation. Appraisers are increasingly considering solar panel installations as they value homes at the time of a sale, and as homebuyers become more educated about solar power, demand for properties with solar-powered systems are going to continue to grow.
Boost U.S. Energy Independence
The sun is a near-infinite source of energy and a key component of achieving energy independence in the United States. By increasing our capacity to generate solar power from the sun, we can also insulate our country from price fluctuations in global energy markets.
The Environmental Benefit of Solar Energy
The environmental benefits of solar energy seemed to be endless, and getting a solar panel installation is a great way to reduce your carbon footprint. The building is responsible for 38% of all carbon emissions in the United States, and getting a solar panel installation can significantly decrease that number. A typical residential solar-powered system will eliminate three to four tons of carbon emissions per year-the equivalent of planting over 100 trees annually.
How exactly does solar energy reduce greenhouse gas emissions? The solar electricity that is being produced by the solar panel installation is completely emission-free. When you use solar energy to meet your energy needs, you reduce the demand got electricity from your utility. As a result, your utility plant emits less carbon when producing the power that is needed to meet the customer's demand. Depending on the resources that your utility uses to produce energy, the impact of your decision to get a solar panel installation can be very significant.
Demonstrate Your Commitment to Sustainability
Sustainability and corporate social responsibilities are important components of an organization’s culture and values. They are also going to produce bottom-line results. Increasingly, consumers and communities are recognizing and rewarding businesses that are choosing to operate responsibly. Businesses are finding that “green” credentials are a powerful driver of consumer purchasing decisions, creating goodwill and improving business results.
Increase Employee Morale
Just like consumers, employees have a demonstrated appreciation for their employers’ commitment to operating responsibility. Employees share in the success and contributors of their organizations. Companies that care about their community and environment tend to have lower turnover rates, more engaged employees, and higher levels of morale.
Stay Competitive
More and more companies are realizing the social and economic benefits of solar energy. As early solar power adopters pull ahead of the competition, many companies are exploring solar power as a way to keep up.
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