The solar market in the US grew up to 76 percent way back 2012. As a matter of fact, solar power has never before been widely available to a lot of American households. The question is, what are the primary reasons why a lot of homeowners in the US decide to go solar nowadays? In this article, you will be able to learn some of the most important benefits of choosing solar power.
1. It Can Help You Save Thousands of Dollars
Experts said that adding solar panels to a home can totally bring in savings per month of above $100 per household in many states. Consider extending this to 20 years, less than a typical solar panel’s warranty, and this means that each household can be able to save over $30,000. As a matter of fact, some residents in Hawaii happened to save around $64,000 on average the first twenty years.
2. Start Saving Energy from Day One
PPAs or solar purchase power agreements, as well as solar leasing, has actually made it possible for households to use solar energy for little or even no money down. In addition to that, a lot of people prefer to finance their solar panels using one of the financing options like pay as you go. This means that the solar provider is also the one that owns the solar system, they are also known as the third-party company that takes care of maintenance, installation, repairs and monitoring services. You simply pay your chosen solar provider for your electricity consumption, which is often less than what you would have paid for an electricity consumption.
Furthermore, as of June 2013, almost 75 percent of all houses in America have access to solar panels through pay as you go system. This method is also considered as a very excellent option for a lot of homeowners. But, experts generally recommend that you must pay in cash through a second mortgage or home equity loan whenever you can. This can still help you bring in more savings in the long run.
3. Much Lower Payback Period
The moment you choose to prefer to pay in cash, its payback period in a lot of cases is less than 10 years. In some states, it actually takes households on average five years before their monthly savings meet the solar system’s total costs.
4. Increases the Value of Your Home
Purchasing a house that has solar panels actually translates into much lower electricity costs. Because of that, solar panels will greatly help in increasing the attractiveness of a home on the market, similarly to houses with low property taxes, houses with good energy efficiency ratings, as well as houses in school districts.
As a matter of fact, studies that have been conducted by the experts in this field concluded that houses with solar panels sell for 17 percent more money and 20 percent faster. Lastly, if you want to make sure that you are able to get a high quality solar installation Utah, only hire a professional, skilled and reputable solar installation company.