Solar panel roofing is a hot topic right now, and there’s never been a better time to go solar! Demand for solar is high throughout the U.S. It provides a plethora of benefits for your pocketbook and the planet. Installation costs are at an all-time low, with many financing options available. We currently have major tax incentives that offset installation costs. Solar technology, panel aesthetics and design have grown leaps and bounds in the last decade. Solar energy is a clean, inexpensive, renewable power source. Solar panels are designed to harness the sun’s energy and convert it into electricity. Scholars and scientists predict that the sun’s energy will be the largest source of electricity by 2050. Whether you’d like to switch to solar for economic, environmental, personal reasons, or all of the above, there are many benefits of installing a solar system.
1. Say Goodbye to Crazy Electric Bills
One of the main reasons property owners are opting for solar is to save big on monthly utility bills. The typical household in the U.S. spends more than $2,000 a year on energy bills, with the biggest share of energy use in electricity. Even if you don’t produce 100% of the energy you consume, solar still cuts a major dent in your utility bills. As utility rates continue to rise, your savings from going solar will continue to grow each year. With Solar Panel Roofing, you can easily produce free power from the sun and eliminate your monthly electric usage charges from your local utility. (The utility companies always charge a base service charge, no matter what.)
2. Affordable Installation Costs & Flexible Financing Options
The cost of solar has come down enormously in the last decade! There’s never been a better time to go solar. Installation ranges in cost depending on a number of factors, including the size of the system, the location and the type of equipment you want. For example, the price of a 6-kW system is around $13,000, after applying the 26% solar tax credit. That’s almost a 80% decrease from what it was 10 years ago. Solar panel roofing systems are now much more affordable and come with a variety of financing options available. Since solar energy is essentially free, the system also pays for itself and saves you massive money on your electricity bills!
3. Major Tax Advantages
In order to encourage more consumers to go solar, the federal government offers great tax incentives. By having a solar roofing system installed, you receive a tax credit for your home or business. You could be eligible for a 26% tax credit for your home or a 30% tax credit for your business!
4. Increase Your Property Value
Solar roofing is increasingly becoming a major incentive when it comes to increasing your property value. Solar pays for itself by increasing the value of your home. A Zillow study found that homes with solar panels sold for 4.1% more on average than similar homes without solar power. Based on median-valued homes, going solar adds an extra $9,274 to the property value of an average home. The affordability makes it more attractive for buyers. A study conducted by the U.S. Department of Energy and National Energy Laboratory (NREL) also found that homes with solar panels boast a much higher price tag.
According to a CNBC report, New Jersey, Pennsylvania and Maryland offer the highest solar premiums in the country! In New Jersey, homes with solar panels can sell for nearly 10% more than non-solar homes. That is a profit of $32,281 for the median-valued home. Pennsylvania follows at 5%, and Maryland at 4%.
5. Increase Your Curb Appeal
Worried about what the panels will look like? This is one of the top inquiries we receive. We have great news for you! Solar panels are no longer the ugly duckling of renewable energy. Solar panel design and installation processes have come a long way. With a variety of options, today’s panels integrate seamlessly with the design and aesthetic of your home.
6. Guaranteed Performance
Solar panel manufacturers include a 20- to 25-year warranty (also known as a performance guarantee) with their solar panels. The industry standard guarantees 80% performance after 25 years. The real lifespan of solar panels is much longer – your solar panels will likely generate a decent amount of electricity 30-40 years down the line.
7. Extends Roof Lifespan
Solar panels extend the life of your roof by protecting it from elements including rain, snow and debris. The panels also make your home more energy-efficient in the summer because the hot sun isn’t directly beating down on the roof directly, keeping your home temperature lower and lightening the effort and workload on your HVAC system.
8. Low Maintenance
Solar systems are easy to maintain, extremely durable and don’t require maintenance for several years. Once installed, you can expect reliable service from a licensed professional. All Home Repair solar systems come with a 25-year warranty. You can feel safe knowing your roof is covered for a long time.
9. Protect The Environment
Saving energy is an obvious win-win. Installing solar power systems is a step forward for a cleaner environment. According to the Environmental Protection Agency (EPA), the electric sector accounts for 25% of America’s carbon emissions. Lower your carbon footprint and gain peace of mind from knowing you’re helping the environment. A typical residential solar panel system will eliminate three to four TONS of carbon emissions each year, the equivalent to planting over 100 trees annually. By installing a solar system, you’ll be taking advantage of an eco-friendly way to make your property more energy efficient.
10. Create More Jobs
Going solar contributes to jobs, which helps boost the economy. Employment of solar installers is projected to grow 52% from 2020 to 2030, much faster than the average for all occupations. According to The Solar Foundation’s annual Solar Job Census, the solar industry in 2020 employed over a quarter-million people.
Make a Difference Today. Contact the Experts at Home Repair.
As a licensed general contractor with over 30 years of experience, our expert team at Home Repair is committed to providing you with a solid array of solar options and financing to fit your goals and budget. We carry industry-leading accreditations and provide expert workmanship. Generate your own electricity and step into a clean, green future.
- EnergySage: Solar Energy: What You Need To Know
- Solar Industry Sets Records in 2020, On Track to Quadruple by 2030, Seia.org
- Energies: A Techno-Economic Study of an Entirely Renewable Energy-Based Power Supply for North America for 2030 Conditions, Energies
- Home Repair: 8 Ways to Reduce Your Energy Bills & Increase Curb Appeal
- Zillow: Homes With Solar Panels Sell for 4.1% More
- National Renewable Energy Laboratory: The Value and Cost of Solar Electricity
- U.S. Environmental Protection Agency: Sources of Greenhouse Gas Emissions
- Energy.gov: Homeowner’s Guide to the Federal Tax Credit for Solar Photovoltaics
- National Renewable Energy Laboratory: U.S. Solar Photovoltaic System and Energy Storage Cost Benchmark: Q1 2020
- Energy.gov: Solar Energy Jobs Outpace U.S. Economy
- Home Repair: 9 Tips To Choose A Quality Contractor
- Interstate Renewable Energy Council: Solar Job Census
- U.S. Bureau of Labor Statistics