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Top Four Benefits Of Installing Solar Panels

Solar panel installation is more than a trend, it is an environmentally-supportive way to create your own energy and save money while doing so! As solar panels become cheaper and cheaper to install, and additional tax credits are being introduced, the decision to “go solar” is becoming much easier for many.

See some of the major benefits of installing solar panels in your home. As experts at Ethical Energy Solar, we’ll illuminate the solar energy advantages, guiding you towards a sustainable and cost-effective energy future.

See why, with these four major benefits of installing solar panels on your home:

1. Reduce or Eliminate Energy Bills

It’s no secret that solar panel installation and the use of solar panels reduces electricity bills. Numerous factors can affect your exact monthly savings: the size of your house and how much energy you use, where your house and solar panels are located (aka, how much sunlight your panels can soak up), and the amount and size of solar panels that you purchase.

Many homeowners can generate 100% of their electricity through solar panels alone, or close to it. Since the main costs related to solar panels are simply the initial purchase and installation, with consistent use, it is only a matter of time before you see a return on your investment and then start to rack up your savings.

Although sunny days tend to produce electricity more, solar panels will continue to draw energy even when the weather is cloudy. Indirect or diffused sunlight will still help to power your home with solar energy storage. Therefore, even in cloudy areas, you will still save, though not as quickly as in sunnier locations.

2. Earn Tax Credits and Rebates

Extra tax credits and rebates for solar panel installation have been around for some time now, and these are only growing. Due to the recently passed Inflation Reduction Act’s Residential Clean Energy Credit, those who install residential solar energy systems in their residence any time this year through the end of 2032 are entitled to a nonrefundable credit off their federal income taxes, equal to 30 percent of eligible expenses.

What does this mean for you? More and more savings! The more tax breaks you receive for your solar panel installation, the more inexpensive your installation will become, and as a result, the quicker you will see a return on your investment.

3. Start Saving from Day One

The typical American household spends thousands of dollars on electricity every year. However, by utilizing the sun’s natural energy to power your house instead, this amount can and will change drastically. As the sun faithfully shows up to work everyday, you will begin to see a change in your electricity bill right away after your solar panel install.

In addition to easing monthly electricity costs, installing solar panels can greatly increase the value of your property. Most homeowners see a $5,911 resale value increase per installed kilowatt. That means if you install a 3.1 kilowatt system, you could improve your home’s resale value by nearly $18,000!

So, whether staying or selling, the introduction of solar energy is a major asset that will warm your house–and your pockets!

4. Renewable and Low-Carbon Energy Source

A solar panel system is a renewable energy source that harnesses the sun’s abundant and inexhaustible energy. Unlike fossil fuels that deplete over time, sunlight is an everlasting resource, making solar power a sustainable and environmentally friendly choice. 

Utilizing solar energy systems to generate electricity reduces our reliance on non-renewable sources and lowers carbon and greenhouse gas emissions, contributing to a greener and healthier planet.

5. Diverse Applications of Solar Energy

The versatility of solar energy is remarkable, with applications ranging from powering homes and businesses to providing electricity for remote areas. 

Solar power plants can be used for heating water, generating solar electricity for households, running appliances, charging electric vehicles, and even supplying power to entire communities. 

This flexibility showcases the adaptability and vast potential of solar energy in various domains, making it an ideal solution for diverse energy needs.

6. Silent Operation

Solar panels operate silently, creating an advantage over other renewable energy sources like wind turbines. Their noiseless operation ensures a peaceful environment in residential and commercial settings, making solar panels discreet and unobtrusive energy solutions. 

This characteristic contributes to the overall appeal and acceptance of solar energy installations in urban and suburban areas.

7. Increased Independence from the National Grid

Solar panels grant individuals and businesses greater independence from the national power grid. By generating electricity, solar panel owners can significantly reduce their reliance on external energy sources and insulate themselves from potential power outages. 

Such self-sufficiency provides security and offers financial benefits by decreasing monthly electricity bills.

8. Low Maintenance Cost

One of the notable solar energy disadvantages is the high cost of installation. Luckily, solar panels have very low maintenance costs over their operational lifespan. Routine cleaning and occasional inspections are all that’s required to ensure optimal performance. 

Solar panels are durable and built to withstand various weather conditions, further minimizing maintenance needs. Their cost-effectiveness enhances the appeal of solar energy, making it a viable and economical choice for a wide range of consumers.

9. Long Product Lifespan

Solar panels have an impressive product lifespan, often 25 to 30 years. Such long-term durability makes them a sound investment, allowing individuals to reap the benefits of solar energy for decades. 

The longevity of solar panels also translates to extended periods of clean energy production, reducing the overall environmental impact associated with manufacturing and disposing of short-lived energy solutions.

10. Increase Property Value

Installing solar panels can significantly boost the value of a property. Prospective buyers increasingly prioritize energy-efficient homes, appreciating solar panels’ potential cost savings and sustainability benefits. 

In addition to easing monthly energy costs, installing a solar energy system can greatly increase the value of your property. Most homeowners see a $5,911 resale value increase per installed kilowatt. That means if you install a 3.1-kilowatt system, you could improve your home’s resale value by nearly $18,000. 

Studies reveal that homes with solar systems sell faster and at a premium rate compared to homes without renewable energy installations. Thus, investing in solar panels benefits the environment and can be financially rewarding.

How Ethical Energy Can Help

Ethical Energy is a leader in solar panel installation. We pride ourselves on using cutting-edge technology in the most efficient and effective ways to save our customers money without sacrificing quality or service. Contact us today or call us at (888) 909-6377 to discuss the next steps you need to take to start your solar journey!