5 Financial Benefits of Going Solar

Did you know that almost 3% of American homes are expected to have solar panels by 2024?

Simply put, people are going green left and right. Not only is it amazing for the environment, but it can also work wonders on your wallet.

Are you wondering why you should join the green future? Keep reading to learn about the financial benefits of going solar.

1. Boosts Your Property Value

A home is one of the most important assets you could ever own. By installing solar panels, you’ll be increasing your property value in a famous city like Bakersfield CA. 

Not only are people willing to pay more for homes that are solar-powered, but it can also allow you to sell your house faster. With this in mind, there’s no reason not to save by going solar.

2. A Lower Energy Bill Every Month

You don’t have to sell your home to have your solar panels pay for themselves. In fact, you could be saving money each month. Over time, what you paid for the panels will cancel out.

Unlike electricity, solar is a type of sustainable energy that often costs less. The exact amount of savings will vary based on your location and other factors, but there are online calculators that can give you a helpful estimate.

3. Incentives and Tax Breaks

You’ll be glad to know that the government gives incentives for people to go green. You can take advantage of a federal tax break, as well as potential tax incentives from your local government.

The exact incentives will depend on what state you live in. If that’s not enough, you might even be able to get an incentive from your employer, so be sure to speak with your HR department.

4. Global Savings

To put it simply, climate change is expensive. From more intense natural disasters to less capital, the costs are too high not to take advantage of sustainable resources.

By joining the fight against pollution on a large scale, you’ll be able to save even more money down the line.

5. Exchange Solar Credits for Cash

Yet another way you can save money is through solar credits. These accumulate as your use the renewable energy of the sun.

Your solar panels will literary make money for you while you watch TV or browse the internet on your computer.

Much like stock, they’re part of a market that fluctuates with higher and lower values. You can spend years hoarding your credits or cash them out every few months.

Ready to Reap the Financial Benefits of Going Solar?

Now that you’ve learned all about the financial benefits of going solar, you can hire a professional to install your solar panels for you. It’s never too late to join the future of renewable energy.

Are you wondering what else you can do to upgrade your home so that it’s as modern as possible? By bookmarking our site, you can stay up to date on all our articles.