Benefits of Solar
What Are the Benefits of Solar Panels?
As the world continues to shift towards sustainable practices, solar panels have become a popular alternative to conventional energy resources. With solar panels, homeowners and businesses can enjoy not only financial benefits, but also help the environment.
Here are the top benefits of going solar for your home and business.
Increases Property Value
Did you know that installing solar panels on your property can actually increase its resale value? According to research done by the National Renewable Energy Laboratory, homes with solar panels sell for more than those without. The study also found that homebuyers were willing to pay a premium of $4 per watt of solar power installed.
Another study done by Zillow shows that homes that offer eco-friendly features sell faster as well. Climate change has become a consideration when choosing a home.
Energy Independence
With solar panels, you become less reliant on traditional energy sources and their fluctuations in price and availability. This means that by generating your own power from the sun, you become less affected by power outages or energy price spikes. This can provide a sense of stability and peace of mind for your home and business.
Financial Savings
Electricity bills are one of the most significant expenses every household and business has. When you install solar panels, you can reduce or eliminate utility bills because you’ll be generating your own electricity from the sun’s rays instead of purchasing it from an electricity provider. This means that you can save money over time on energy costs.
Additionally, if you generate more power than you can use, you can also sell electricity back to the grid. This is referred to as “net metering” which is also helpful in reducing future electric bills.
Environment-friendly
According to the Environmental Protection Agency, the electric sector is responsible for 27% of America’s carbon emissions. The use of fossil fuel power plants to generate electricity results in carbon emissions and air pollution in the surrounding areas.
In turn, these emissions trap heat and cause the planet’s temperature to rise. This leads to a disruption in ecosystems and severe weather or natural disasters.
The use of clean energy sources, such as solar panels, can significantly reduce carbon emissions, contributing to a more sustainable future for the planet and the next generations. By choosing to go solar, individuals and businesses can take action towards combating climate change.
Attract More Customers
As the world continues to face environmental challenges, it has become increasingly important for businesses to prioritize sustainability. Installing solar panels is a smart move for businesses. Not only do they lower energy costs, but they also showcase a commitment to sustainability, which can boost employee morale and appeal to environmentally-conscious customers.
Helps Create Jobs
As a new industry, solar contributes to economic growth and stability. It provided 4.3 million jobs in 2021, and according to the International Labour Organization, the worldwide employment in renewable energy reached 12.7 million in 2022. This means that by investing in solar, individuals and businesses can help create jobs in their local communities.
Invest in Solar
There are so many benefits to switching to renewable energy. Whether you’re driven by cost-efficiency or eco-friendliness, investing in solar panels can bring substantial returns to your home or business. To help you start your solar project, check out Sun Services USA, a leading solar installer for residential, commercial, and industrial projects, and get a free quote.