Housing and real estate are seeing a meteoric rise in cost. This means a higher cost to own a home, but also more money in value for current homeowners. This means that you should consider trying to increase the equity by any means.
One way you can do this is by adding solar panels to your home. However, this isn’t the only one. There are many benefits of solar panels and adding them to your home.
Here is a quick guide about home solar panels and the benefits that you can add to your list. After reading this, you’ll seriously consider installing solar panels.
1) Utility Bill Friendly
Firstly, you might think that installing solar panels could be expensive. And although the initial price might seem steep, there are numerous federal and state government incentives to install them.
Adding to this is that the energy that is collected by your panels can be sold back to the power grid for credits on utility bills. In many cases, the credit completely offsets your electricity bill.
2) Environmentally Friendly
This goes without saying, but solar energy is a natural and renewable resource. It doesn’t harm the environment in any way. By using solar panels, you’re reducing the usage of harmful nonrenewable resources like oil in the environment.
3) Low Maintenance Cost
Another way you can save money on solar panels is on their maintenance. Solar panels can have a long usage life if properly maintained. Their maintenance cost isn’t expensive either.
The average maintenance cost for solar panels can differ between states, but it’s reasonable to put it around $400-700 which can even be offset by the amount you save from the grid.
4) Has Great Return on Investment
Home solar panel detractors hang their arguments on the costs of installation. However, due to their long lifespan, low maintenance costs, and savings on electricity, they will completely offset their cost in around 5 years.
Compared to using nonrenewable resources, you spend more over time using the grid for energy. If you’re looking for the most affordable way to install your solar panels for your home, you can save with BRS.
5) Can Increase Home Value
Not only are solar panels a return on investment via offsets on costs, but they can also add equity to your home.
In fact, solar panels can increase the overall value of your property by almost 5 percent. For perspective, if your home is valued at $500,000 that’s an increase of at least $25,000.
The Many Benefits of Solar Panels
With the housing market as fierce as it is these days, the benefits of solar panels can go a long way. Install solar panels on your house today and watch the savings rack up. Make the best decision for you, your wallet, your children, and the environment today.
For more informative and interesting articles about how you can improve your home while being environmentally conscious, be sure to visit our blog and take a look.
