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The world runs on energy — it powers our lives and all of the things in it. Up until quite recently, though, we got the lion’s share of that energy from non-renewable resources that are bad for our environment: things like coal, oil, and natural gas. Solar energy, on the other hand, is a clean and renewable resource that’s been getting a lot more attention as of late.
Solar energy has been around for several decades, and recently, it’s become more affordable than ever. More and more homeowners are getting on board with solar panels and the energy they harness because the benefits of solar energy are clearer than ever. Here are the top ten benefits of solar energy.
Solar can save you a lot of money. Conservative estimates put savings at around $50 per month, but if you live in a sunny area or a state where conventional energy is expensive, you can save even more — as much as $30,000 or more over 20 years.
Solar can actually earn you money. This is all thanks to SRECs, or solar renewable energy credits. The utility companies in some states will actually pay you for the energy you generate but don’t use, and you can earn some money, usually several hundred dollars or more each year.
Solar panels can increase the value of your home. Just like an updated kitchen, a solar panel system is a huge selling point of any home. Install panels on your roof, and you could see an increase of $20,000 or more on your property value.
There’s a tax incentive with solar. If you install a solar panel system on your home, you can deduct 30% of the cost on your taxes that year. That's substantial!
Solar panels last a long time. Most panels come with a 20 or 25 year warranty, and many will work to harness the sun’s energy for much longer than that.
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