Benefits Of Solar Panel Electric Power Systems For Homes

In some areas you may actually qualify for a rebate if your residential solar power system produces excess electricity.

Benefits of solar panel electric power systems for homes.

A solar panel system typically has a 25 35 year lifespan which means that you can cut your electricity costs for. Studies show that homeowners pay a premium for a solar home. Insurance against rising power prices. Taxpayers could potentially claim 30 percent of installation costs with benefits that vary by.

Meeting with a solar specialist is easy and free and worth the time to explore how you can harness the power of the sun. Depending on their size efficiency and orientation relative to the sun some solar panels actually generate more electricity than your home consumes. It s also a more realistic option for those living in neighborhoods or on smaller lots. Residents of california who go solar save an average of 99 181 over the lifetime of their solar system.

This top benefit of solar panels is pretty straightforward when you install solar power for your home you generate your own electricity become less reliant on your electric utility and reduce your monthly electric bill. In many states adding solar panels to your home can bring in electric bill savings of well over 1 000 per year. One thing most homeowners know is that electricity keeps getting more expensive. Federal and state tax benefits are available when you install solar panels in your home or business.

Using solar panels means that you are no longer solely dependent on the electrical power grid to provide your electricity. One study by lawrence berkeley national laboratory showed that on average solar increased the value of a home by about 15 000. The advantages of solar power for businesses. Solar panels are viewed as upgrades like a renovated kitchen or a finished basement so purchasing a solar energy system will likely increase your home s value.

Surveys show that renewable energy systems raise your home s value 20 for every dollar you save annually on utilities. This could reduce your monthly electric bill to zero. Raises your home s value. Solar energy systems offer more options and benefits than wind turbines or water based solutions.