Solar has been having something of a moment over the past decade or so. Adoption among homeowners across the country is on a rapid rise, and there’s no sense that this adoption will slow down in the coming years.
What has prompted this big change? For one, there’s an increased awareness related to the importance of protecting our planet. But just as important, many homeowners have realized that affordable solar is possible – and that making the switch might even help them to save money.
What do you need to know about solar panel affordability in the US? Read on and we’ll walk you through the basics that you should be familiar with.
- Solar is a Smart Investment
The cost of solar installation is still somewhat expensive for the average home. However, it’s important to note that this initial cost truly is an investment and one that can provide a solid ROI for the property in the many years to come.
Solar panels require very little installation and maintenance and they can last up to twenty to thirty years without needing to be replaced. That means that this initial upfront payment that you make is likely the only money you’ll need to pour into your system over its lifetime.
During this lifetime, your solar panels can help you save money in other ways. Harnessing power from the sun is free of charge, after all. That means, the more power you’re able to harness, the less you’ll need to rely on electricity from the grid.
You can chop your electric bill down by a huge margin each and every month. These savings can really add up as the months and years go by. Eventually, your solar panel system will likely end up paying for itself.
- Tax Rebates and Incentives
It’s a great time to make the switch to solar, as there are both state and federal incentives in place that can help to make solar installation incredibly affordable.
Often, these incentives take the form of tax rebates or refunds. You can deduct the cost of some of the installation of your units from the amount you owe the government. This could potentially save you thousands of dollars come tax time.
This brings down the overall barrier to solar panel affordability, making it more accessible to many homeowners.
There might even be local incentives in place, depending on where you live. You can speak with experts like those at Blue Raven Solar to see what you may be eligible for.
- Increase Home Value
On top of the above benefits, solar panel installation can actually help to increase the value of your home. When it comes time to move and sell your property, you’ll be able to get more money for it thanks to your solar panels.
In this way, the initial cost of solar panel installation can be seen as a smart and financially savvy move.
Investing in Affordable Solar Services
If you’re looking to make the switch to solar but are on the fence about cost, it’s important that you take the time to read the above information.
Solar is more accessible than it’s ever been, and it’s certainly something you should look into investing in for your home. After all, affordable solar is the future.
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