When people think about installing solar panels, they often look at the cost. However, it’s much better to look at the value you enjoy when you decide to go solar. You might be surprised to learn the true value of installing solar panels is well beyond the cost and what you might expect.
You Start Saving Right Away
Once the residential solar panels have been installed, the savings begin immediately. You cut down on the amount of electricity used, even if you only have a few panels. You could end up savings hundreds of dollars each year. In fact, the average homeowner saves about $100 per month. Just think how that can add up. It offsets the amount you paid for the panels and installation.
These savings also continue into the future. As long as you have the panels, they will save money. They are designed to last for many years, which means continual savings for the long-term.
Another way you save money is through the incentives that come with installing through a solar panel company. The federal, state, and city governments also offer incentives to encourage more homeowners to install solar. It’s possible that these incentives could reduce your installation cost by half.
Add Value to Your Home
Many people see the value of solar panels even if they think they can’t afford to have them installed. People shopping for a new home seek out properties with solar panels in place already, because they understand the savings that come with using less electricity.
Statistics show that properties that utilize solar power have a higher value. Buyers find value in that feature and are willing to pay more because it means they don’t need to install solar panels to enjoy the benefits.
If you’re planning to sell your home sometime in the future, go on and install solar panels. Enjoy the benefits of them now, while adding value to your home when you decide to sell. It doesn’t matter if you sell in the next two or three years, or if you keep your home for ten or fifteen years: you will still see a higher market value with solar panels.
Unlike other home improvement projects, solar panels don’t lose value over time. They last so long that buyers will still appreciate their benefits after many years. In fact, experts believe that solar power can add up to $15,000 or more to the value of your home, depending on how many panels you have.
The true value of adding solar panels to your home includes initial savings as well as how much they increase your property’s worth. If you’re wondering whether it’s worth the cost to go solar, these benefits will quickly show you that it is true. Look beyond the price of purchase and installation to what they can add today and in the future.