Benefits to Solar
There are many reasons why homeowners go Solar...Improving the environment, cutting energy costs, and the 30% federal tax incentive are the most common. Below are the top 7 Benefits to Solar energy for your home.
Top Seven Benefits to Solar Energy
1. DRASTICALLY REDUCE OR EVEN ELIMINATE YOUR POWER BILL
Electricity costs make up a large portion of your monthly expenses. With a Solar Panel system, you will generate free power for your systems 25+ year life cycle.
2. EARN A GREAT RETURN ON YOUR INVESTMENT
Solar panels are not an expense - they are one of the best ways to invest, with returns rivaling those of traditional investments like stocks and bonds. Thanks to substantial power bill savings, the avg. homeowner pays off their Solar Panel system in seven to ten years and sees an ROI of 20% or more.
3. PROTECT AGAINST RISING ENERGY COSTS
In the past ten years, residential electricity prices have gone up by an average of three percent annually. By investing in a solar energy system now, you can fix your electricity rate and protect against unpredictable increases in electricity costs.
4. INCREASE YOUR PROPERTY VALUE
Multiple studies have found that homes equipped with solar energy systems have higher property values and sell more quickly than non-solar homes. Appraisers are increasingly taking solar installations into consideration as they value homes at the time of a sale,
5. 30% FEDERAL TAX CREDIT
Homeowners, businesses and non-profits who are Duke Energy customers that install Solar Panels in North Carolina are currently eligible for a 30% Federal Tax Credit. Now is the best time to go Solar as the Government is literally paying for 30% of your Solar System.
6. CREATE JOBS AND HELP YOUR LOCAL ECONOMY
According to The Solar Foundation, the solar industry adds jobs many times faster than the overall U.S. economy. This growth is expected to continue. Because solar-related jobs tend to be higher paying and cannot be outsourced, they are a significant contributor to the U.S. economy.
7. PROTECT THE ENVIRONMENT
Solar is a great way to reduce your carbon footprint. Buildings are responsible for 38 percent of all carbon emissions in the U.S. and going solar can significantly decrease that number. A typical residential solar panel system will eliminate three to four tons of carbon emissions each year—the equivalent of planting over 100 trees annually.