Reduce your electric bill
Solar panels can produce free and clean energy over their 25-30 year life cycle. Electricity cost is a big portion of each household’s budget. Solar panels will reduce your electric cost, in the short term, by 25- 35% and, in the long run, you can reduce your bill be 80% or more.
Increase your home value
According to latest research you will increase your home value by $5.50/watt of solar system installed. For example if you install a 4 KW system you will add approximately $22,000 to your home value.
Protect against rising prices
Because energy prices are so unpredictable, they make managing your budget very difficult, especially for businesses or homeowners whose cash flow fluctuates from month to month. By making these costs more predictable, solar power systems have the added benefit of improving a home or business owner’s expense management capabilities.
Solar panels aren’t an expense. They’re an investment that pays handsome returns often rivaling those of more traditional investments such as stocks or bonds. Substantial savings as well as the potential in some areas to generate revenue result in ROIs of 10% or more, making solar one of the best ways to invest your dollars.
Protect the environment
Solar is a great way to reduce your carbon footprint. Buildings are responsible for close to 35% of all carbon emissions in the U.S. and going solar can decrease that number significantly. A typical residential solar panel system will eliminate 3-4 tons of carbon emissions each year—roughly the equivalent of planting over 100 trees every year.
Boost U.S. energy independence
Solar energy is a pathway to achieving U.S. energy independence from foreign oil. Because we consume far more oil than we produce (25% vs. 3%), the U.S. is not only dependent on foreign sources for our oil, but we’re also transferring billions of dollars from our economy to oil producing countries, many of which have links to funding global terrorism.