You can save money and help the environment by going solar!
Solar energy is a renewable resource that doesn’t produce harmful emissions as fossil fuels do. Plus, solar panels are becoming more and more efficient all the time. So why not go solar and start saving money each month on your energy bill?
With solar energy, you can reduce your reliance on fossil fuels, which helps keep our planet healthy for future generations. And with the cost of installation dropping all the time, there has never been a better time to go solar! Learn more about Solar and Powur.
Change: Reasons Why You Should Go Solar
The Benefits of Solar Energy
Solar energy provides many benefits for homeowners including reducing or eliminating your electric bill, increasing the value of your home, and providing a clean and renewable source of energy. Solar panels capture the sun’s energy and convert it into electricity that can be used to power your home.
Save Money Each Month - Solar panels help you save money each month by reducing or eliminating your reliance on utility companies. The average home uses about 940 kilowatt-hours (kWh) of energy per month1. Depending on the location of your home and the size of your solar panel system, you could save up to $100 each month on your energy bill2. That adds up to savings of over $1,200 each year!
By installing a solar system, you will save money each month on your utility bills. How much money you save will depend on the size of your system and how much sunlight your location receives. Even in northern states, such as Michigan where there is less sunlight, homeowners can still save 10-20% on their utility bills by installing a solar system. And in sunny southern states like California and Arizona, homeowners can save 30-40% or more on their monthly utility bill! Over time, these savings will add up and can even cover the cost of your entire solar installation. That can save up to $100 each month on your energy bill, which adds up to savings of over $1,200 each year!
Protect the Environment - Solar energy is a renewable resource, which means it won’t run out as fossil fuels will. Solar panels also don’t produce harmful emissions like fossil fuels do, which helps protect the environment.
Federal Solar Incentives & Rebates - The federal government offers a tax credit for solar installations called the Investment Tax Credit (ITC). The ITC allows you to deduct 26% of the cost of your solar panel installation from your federal taxes. This incentive is available for both residential and commercial installations. There are also several state and local solar incentives that can further lower the cost of going solar.
Change: Costs of Going Solar?
The cost of going solar has never been more affordable thanks to federal and state incentives as well as solar financing options. Solar panels have also become more efficient over time, which means you can generate more electricity with fewer panels. The average cost of a 5-kilowatt solar system is around $18,000 after federal tax credits. However, this cost will vary depending on the size of your home, your roof type, shading from trees, and other factors.
Solar Financing Options - There are several different financing options available to help make going solar more affordable. These options include solar leases, power purchase agreements (PPAs), and loans. With a solar lease or PPA, you pay a fixed monthly rate for the electricity that your system produces. This option allows you to go solar with little or no money down and can oftentimes save you money on your electric bill right away. A solar loan allows you to finance your system and own it outright. Solar loans typically have terms between 5-20 years and very low-interest rates (3-6%). Many lenders offer special financing for solar loans such as no money down financing and same-as-cash loans.
Increase the Value of Your Home - A solar panel system can increase the value of your home by up to $15,0003. That’s because solar panels are seen as a valuable amenity by homebuyers and can make your home more attractive to potential buyers.
Change Wrap Up
Solar panels are a great way to save money and help the environment. If you’re thinking about going solar, now is the time to do it. Solar panel installers can help you choose the right type of solar panels for your home and answer any questions you have. Contact Powur to get started on your solar panel consultation.
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