The current trend in the world right now is moving towards sustainability and using green energy. This is because the conservation of the environment has become increasingly important given the increase in global warming. Many homeowners today are installing solar panels from the Escondido solar company into their homes to save energy costs, which have been on the rise over the last couple of years. There are very many benefits of installing a solar panel, here are the top 5 benefits of solar panels you need to know about.
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Benefits of Installing Solar Panels
1. Eliminate energy bills
Once you install the solar panels it means that you do not have to worry about paying energy bills for a lifetime. This is because the solar panels will generate all the electricity you need from the sun. If you live in an area which gets plenty of sun all year round and more especially during the summer then you can have all the energy you need for free. Even if you live in areas that do not get much sunlight, the solar panels still continue to draw and converting using daylight.
2. Cheaper Power
Installation of solar panels is much cheaper than other sources of energy like electricity. This is because the initial cost of purchase of the panel may be quite expensive but once the panels are installed then there is no other associated cost. In the short run, the installation of solar panels may be expensive. But, in the long run, it will be the cheapest option. The fact that you start to save on energy from day one is what makes the solar panel that appealing. You can recover the initial investment on the panel within 3-5 years and then from there you enjoy frees energy.
3. Increase the value of your home
As a homeowner, once you install solar panels you instantly increase the value of your home. This is because the saving starts from day one. This is in the sense that all electricity bills are eliminated. Studies have shown that houses which have solar panels installed sell faster as compared to houses which do not have solar installed. A potential home buyer will appeal to a house saving thousands of dollars in electricity bills.
4. Environmental Friendly
Solar power is clean energy and pure energy which comes directly from the sun. Installation of solar panels helps in reducing greenhouse emissions. Electricity causes greenhouse gas emissions. Its production uses fossil fuel and thus emissions of these gases which affect the environment.
5. Earn Tax Credits
The Government offers a tax credit to all homeowners who have solar panels installed in their homes. This is acts like an incentive for people to shift to solar energy as a way of reducing the negative impact on the environment. There is an over 30% tax credit that the homeowner gets on the installation of the solar system. This is a sizeable amount especially if the system is quite costly.