The financial benefits of solar panels start the day they are installed. By generating your own clean, renewable energy, you can reduce or even eliminate your electric bills. This saves you money right away, and the savings increase over time as utility rates rise.
The financial benefits of solar panels start the day they are installed. By generating your own clean, renewable energy, you can reduce or even eliminate your electric bills.
This saves you money right away, and the savings increase over time as utility rates rise.
Increase Home Value
In addition to saving money on your electric bill, solar panels can also increase the value of your home. According to a study by Lawrence Berkeley National Laboratory, homes with solar panels sell 20% faster and for 17% more than homes without solar panels.
This means that you’ll get a good return on your investment when you decide to sell your home.
Incentives, Credits & Rebates
The financial benefits of solar panels don’t end there. Many states and the federal government offer financial incentives for homeowners who install solar panels.
This includes tax credits, rebates, and other incentives that can help offset the cost of installation.
Finally, solar panels have a long lifespan. SolaTrue’s solar systems include a 25-year warranty and are designed to last for decades. This means that you can enjoy the financial benefits of solar panels for many years to come.
Overwhelming Financial Benefits
Overall, the financial benefits of installing a solar system at your home are undeniable. From the day they are installed, solar panels can help you save money on your electric bills, increase the value of your home, and provide long-term financial savings.
Learn more about our most frequently asked solar questions
The Investment Tax Credit is a 30% federal tax credit for solar systems on residential and commercial solar installations (homes or businesses). This credit is used when homeowners or business owners purchase solar panel systems and have them installed. This is only achievable when you purchase solar panels.
Yes! Because you have better control over your monthly utility costs, you will see reduced energy bills on day one! Savings even get larger as time goes on.
Reducing your annual utility costs helps increase your home’s value steadily over time.