Many homeowners are looking to convert their homes to solar power. Whether you're a new homeowner or just starting to explore the conversion for the first time, it can be hard to determine if it's worth the investment. Here's a look at a few of the many reasons why you should consider making the conversion.
You Can Lease The Panels
When you lease your solar panels, you'll start seeing savings right after the installation. You can invest in leasing programs where you pay as you go for the provider who regulates your solar panels. In most cases, the rates are much lower than you'd pay for traditional power. While you may not recognize the same long-term savings when compared to panels purchased outright, you save on the initial cash investment.
The Panels Pay For Themselves Over Time
Especially when you live in an area with significant sun exposure, investing in solar panels can save you significantly on a monthly basis. When you consider that the average solar panel comes with a warranty that covers 25 years, that's a pretty long lifespan to record those monthly savings over. In fact, most solar panels that are purchased outright will pay for themselves in energy savings before the warranty is over.
Your Home Will Gain Value
The savings recorded by solar panel use will make your home more efficient to run. The efficiency makes your home more valuable. It may also make your home more attractive to potential buyers if you decide to sell.
You May Get Tax Incentives
There are some federal tax breaks that you can claim if you install solar panels in your home. You may get enough tax credit to recoup much of your equipment and installation cost. In addition, there may be some savings from your local government as well. Ask your state and town about any renewable energy credits you might receive.
You Gain Energy Independence
When you convert your home to solar panels for electricity, you eliminate your dependence on foreign energy sources. When you're no longer paying any other utility company for your power, you aren't contributing to any of those other energy sources.
When you're looking for options to cut your costs and improve your home's value, solar panels are a great option. You can invest in either leased or purchased panels, whichever fits your budget. Talk with a local electrician today to see which types of panels will fit your home.