You’ve probably heard that solar energy can save you money and is a greener form of power. But is it worth it to switch? Here are three of the most impressive benefits of solar power.
- Substantial Cost Savings
Can solar power completely eliminate your electric bill? That depends on how many panels you opt to install. Each solar panel provides additional kilowatt savings, so the more panels, the less you’ll have to rely on electricity. The average American stands to save more than $20,000 over 20 years. In certain states, including New Jersey and California, the local energy company pays those who qualify for tax credit for the energy their solar panels generate.
- Tax Credits
Although solar energy is an investment, the cost is offset by a federal tax credit of 30 percent for homeowners who install solar panels, with no cap on the total credit. Some states and municipalities also have their own incentive programs, so you could stand to save even more money.
- Reduce Your Carbon Footprint
If you’re concerned about the Earth, solar energy is one of the most effective ways to do your part. The average home is responsible for 7.43 metric tons of carbon dioxide emissions; homes that use solar panels reduce that to just 1.41 metric tons within the first year.
With benefits like these, there’s no better time to consider the switch to solar.