4 Benefits of Adding Solar Panels to Your Home 

4 Benefits to Adding Solar Panels to Your Home

Owning a home is a wonderful accomplishment, it takes, time dedication and sacrifice for most people to purchase a home they can call their own. One of the constant nuisances about owning home though is the constant rise in the energy bill. It seems as though energy bills continue to rise up and up over time, causing an issue in our wallets. Well, the good news is there is a new effective way to overcome high energy bills from your home…… Solar Panels. With the addition of solar panels to your house, you can save every month on your power bill so you are not spending copious amounts of money each month. This is why Gavish Real Estate recommends adding solar panels to your home.

Why You Should Add Solar Panels To Your Home

Lower Power Bill

The true benefit to having solar panels added to your home is the overall savings you can have. The average American household spends over $1,400 a year in electricity. Solar panels provide your home with energy from using the sun to capture sunlight instead of using fossil fuels like power plants use. The typical savings per month by having a solar panel can be around $40-187 per month, over a period of 20 years that can calculate up to saving between $10,000-$40,000 depending on how much power you are using.

Benefit on your Taxes

With the addition of saving money on your monthly energy bills, you can also receive great savings on your taxes. Solar panels are a renewable source of energy that helps the environment from air and water pollution. When you do your part in helping the environment, the government does its part in helping you. The government offers a tax credit when you equip your home with solar panels. The tax credit is around 30% of the total system cost, so you are getting back essentially ⅓ of what you paid for your solar panels. Each state also offers its own rebates for people who have solar panels helping lower your state income tax.

Helping the Environment

Everyday planet earth is subjected to many different pollutants which are destroying the ozone layer and causing global warming. As time goes on this becomes more of an issue for the future of our planet. Fossil fuels have been the main source for electricity powering homes and offices, however, fossil fuels damage the environment with releasing harmful pollutants back into the air reducing air quality.
Solar panels are providing the planet with a reusable energy source to lessen the amount of exposure to pollution.

Add to your Homes Value

When you decide to place your home on the market, you are competing with many other homes also out there on the market. One of the ways to make your home stand out and increase the value is to have solar panels added to your home. Because of the lower power bills, tax credit, and state rebates, many people want to purchase a home equipped with solar panels. The U.S Department of Energy has determined that homes with solar panels add around a $17,000 increase on the sale of a home and sell 20% faster than homes without solar panels.