More and more people continue to consider solar energy as the technology steadily advances and becomes increasingly affordable. There are plenty of ways to benefit from going solar, so it should come as no surprise that people keep choosing to add solar power to their homes. In this article, we’ll discuss what advantages can potentially come from adding a solar panel system, as well as why 2022 is a great time to do just that. Let’s take a look into why people are continuing to join the solar energy movement.
Advantages of Solar Energy
Potentially Reduce Your Electric Bill
Regardless of the size of your solar panel system, there is potential for savings. Depending on the size of your array, you might produce more energy than your house consumes. If your array doesn’t cover your house’s consumption, there is still an opportunity for saving. Because energy is still being produced by your panels, you may not have to buy as much from your electricity company.
Earn Credit On Extra Energy Through Net Metering
If your solar panels produce more energy than your house consumes, then you may be able to sell that energy back to the grid through the process called net metering.
Potentially Protect Your Home From Rising Electricity Rates
By taking steps to own your power with solar panels, you are helping to protect yourself from rising energy rates. Solar energy provides a chance at financial stability by helping you avoid rising utility rates.
Help To Protect Your Home In Case Of An Outage
By combining a solar panel system with a Generac backup battery, you can help protect your home from the effects of an outage. With a battery backup, you can power portions of your home in case of a grid failure.
Reduce Your Carbon Footprint
As long as the sun continues to shine, solar energy will be an option. Solar energy is a long-term renewable energy source that will reduce your carbon footprint and won’t pollute the air. Not only could you potentially save money with solar power, but you can help save the environment.
Potentially Increase Your Home’s Value
Solar panels might be one of the best investments you ever make. According to a study done by Zillow, homes with solar panel systems can have a higher value than those without.
Take Advantage of The Federal Tax Credit
2022 is the last year to install your solar panels to receive up to a 26% tax credit on system installations. For those who qualify, the federal solar tax credit offers the potential for a credit of up to 26% of the cost of installing your solar array. In 2023 this credit drops to 22%, and after that it may no longer exist unless Congress renews it.5
Ready to Go Solar?
There is never a bad time to go solar, so why not start now? There are numerous advantages associated with solar power that you can take advantage of from Day 1. Solar financing options are available to potentially improve your savings.
Whether you want to buy your panels upfront or pay for them with a loan, you could find an option to work for your financial value whether through your own financial options or through a third-party lender. With $0 down payment and 100% financing available, we want to help you secure your solar energy source!
Get in touch with your local Pink Energy expert to learn more. Contact us today to discuss your home’s future and set up a time for a free in-home consultation and quote!