5 Ways Your Home Can Benefit from A Solar Power System
A solar power system is a great way to reduce your carbon footprint while saving money. But did you know that solar power systems can also provide several other benefits for homeowners?
This blog post will discuss the top five ways solar power systems can benefit homeowners. Keep reading to learn more!
1. Reduction in Energy Bills
One of the main reasons homeowners decide to install solar power systems is to reduce their energy bills. The solar panels will absorb solar energy from the sun and convert it into electricity to power your home. This means that you will not have to rely on traditional electricity as much, which reduces your monthly electric bill by a significant amount.
2. Protection from Rising Energy Costs
Solar power systems can also protect homeowners from rising energy costs. As energy prices continue to increase, the cost of solar panels becomes more and more affordable. In addition, once your solar power system is installed, you will not have to worry about rate hikes for many years to come!
3. Increased Property Value
Another solar power benefit is the increased value of your home. A solar power system can add as much as up to $15,000 to a home’s resale value! This makes it easier for homeowners to sell their homes at their asking price.
Homebuyers love solar panels because they know they will help them save money on their electricity bills in the long run!
4. Added Security
With solar panels installed on your home’s roof, you can feel confident knowing that a renewable resource powers your home!
In an emergency or power outage, you will still have access to power, lights, and communication devices.
5. Tax Credits and Other Incentives
Solar energy is a growing industry with many incentives to help homeowners save money on their solar installation! The federal solar tax credit is one incentive available to all solar homeowners.
In December 2020, Congress passed an extension of the ITC, which provides a 26% tax credit for systems installed in 2020-2022 and 22% for systems installed in 2023.
It’s also possible that your state has additional incentives like rebates or property tax exemptions that can lower the cost of solar panel installation even more.
Energy Advantage Roofing and Solar offer premium solar installation services in Colorado, Arizona, and Washington. In Colorado, homeowners may be eligible for incentives in the form of property tax, sales tax credit, or rebates.
In Arizona, solar energy systems qualify for a tax credit of up to $1000. And in Washington, solar energy systems are exempt from state sales tax if capable of generating at least 1 kW, but no more than 100 kW.
Our team can help you determine the best solar power system for your home and help you take advantage of all the available incentives.
Power your home with green, renewable energy. Book a free consultation today!
