5 Reasons Why You Should Install Solar Panels
With solar energy becoming more and more popular, and with higher interest from people to help the environment and reduce the monthly cost of their power bill, it is the perfect time to install solar panels. At United Solar Electric, we offer you a team of experts who work to create the perfect solar power system designs, make sure that your budget is considered, and your needs are being met.
There are many reasons why now is the perfect time to switch to solar. Aside from what we discussed previously in another post about the advantages of solar power, we wanted to bring you more reasons in today’s post so you can have more information to make the right decision!
If you have already made the decision to install solar panels at your home or business, you can check out our System Design page to learn more about the process, or you can contact us directly to start your journey to having your PV system installed!
Reduce or Eliminate Power Bill
This is one of the main reasons why people switch to solar power. The ever-changing fossil fuel industry is dictated by a volatile market that is often fluctuating. The moment the market goes down it’s a pleasant surprise and we are happy to take advantage of it, but when the opposite happens, it tends to disturb plans and budgets, especially for people with a tight paycheck.
The price of electricity in the U.S. has almost doubled since the 1990s — the price also nearly doubled from the ’80s to the ‘90s — this means that no matter how stable our economy is or how much growth we are seeing in other markets, it would be safe to say that the prices of electricity will keep rising.
If you look at it this way, you can invest now in solar panels that have — most of them — 25+ years of warranty, and some of them are meant to last more than that. By investing now in solar panels, you would be solving the next three decades of fluctuating and rising electricity prices. Whether you lease a system or you purchase, you can see a big decrease in your power bill.
Increase Property Value
Some people don’t know that reducing your electricity bill is not the only monetary advantage of going solar. Between tax reductions and other incentives, there’s a big positive aspect to installing solar panels, but if you are looking to sell property, you might want to make this small purchase that yields a good return on investment, almost immediately.
By installing solar in a property that is close to being sold or something that you are putting on the market, you are not only increasing the asking price of the property, but you are also making it a lot more attractive to potential buyers. Some studies show that solar power systems can increase the value of the property by 4.1% when compared to similar real estate. Other studies also show that the overall value of a house can go up to an average of four dollars per solar watt installed, meaning that if you install a 5kW system (roughly worth between $9,000 and $13,000) it can add around $20,000 to your property value.
More Profitable Options
Even if you are not interested in selling your property, there are still other ways to make extra money when you install solar panels.
If you install a system that satisfies the amount of power you consume every month and it leaves you with extra power, you can sell this power back to the provider and they will reimburse or credit your account with the kWh that you didn’t consume. You can look at it like an investment that pays for itself and still has the possibility to yield great dividends over the years.
No matter the way you look at it, there is a winning aspect of installing solar panels at every turn.
You Help the Local Economy
The solar power industry has grown fast in the last few years, and it has proven to be here to stay. The large demand for solar has created new opportunities for employment, and it is said that it will keep growing throughout the foreseeable future.
The Environmental Impact
We talk about the environmental impact a lot, and why wouldn’t we? There’s a great benefit for everyone involved in the process of making a more sustainable and healthier environment.
By installing solar panels, you help the environment combat the pollution that comes from creating power from fossil fuels. Reap the benefits of solar power while you help the world flourish!
Improve Your Business
If you own a business, solar panels are not only good to cut costs, but they can also benefit your business in so many ways.
You can be the first of many to start a green movement for other businesses in your area. This can help increase your company’s morale by letting them know that they work in a place that cares about the environment.
Installing solar panels can also be a good public relations move. The investment can show potential customers that you are pushing boundaries, making your business more appealing to people that may require your services.
If you are interested in knowing more about solar panels, installations, and financing options, you can contact the team at United Solar Electric today. We will be happy to help you in any way we can and get you on track to owning your solar power system!