Solar panels are seen as renovations, similar to a remodeled kitchen or a finished basement; thus, investing in a solar energy system will most certainly raise the value of your property.
Fremont, CA: Solar energy is environmentally friendly, renewable, and abundant. As the cost of utilizing solar to generate power decreases yearly, more Americans are converting to solar. Over a million solar systems have already got installed across the country. Additional advantages of converting to solar energy are listed below.
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Cost Savings
Going solar results in substantial cash gains and lower monthly electricity expenditures. The following variables affect the actual savings you'll get from solar:
• Electricity consumption
• Solar energy system size
• Whether you purchase or lease your system
• Direct hours of daily sunlight
• Height and angle of the roof
• Local electricity rates.
Anyone looking to make a long-term, low-risk investment while reducing monthly electricity expenses should consider installing a solar energy system.
Increased Home Value
Solar energy systems are considered improvements, much like a renovated kitchen or a finished basement; thus, purchasing one will undoubtedly increase the home's value. However, studies show that solar homes cost more to purchase; one study by the Lawrence Berkeley National Laboratory discovered that solar increased a property's value by around $15,000. Solar homes may sell for more than non-PV properties, while market factors like electricity pricing and system size may affect the extent of the premium.
Solar Works Everywhere
The US has a vast solar resource. One hour of the midday summer sun is equivalent to the year's electrical consumption in the United States. Most states in the United States have adequate to exceptional solar resources. Even locations with relatively poor solar resources, like the Pacific Northwest and Alaska, may save money and have solar resources comparable to nations with heavily developed solar PV, such as Germany.
Environmental
Each kilowatt-hour (kWh) of solar energy produced will significantly reduce CO2 emissions and other harmful pollutants, including sulfur oxides, nitrogen oxides, and particulate matter. Solar also minimizes water extraction and use.