The financial benefits of solar energy are the main reason that so many homeowners are turning to the sun to generate their own electricity.
By investing in a PV solar system you can save money on your monthly electric bills, protect yourself from rising energy costs and significantly increase the value of your home.
Reduce (Or Even Eliminate) Your Monthly Energy Bill
Producing your own solar power can significantly lower your monthly energy costs and could even eliminate your energy bill altogether – that’s right, you could have a $0 electricity bill!
The exact amount of money that you save will depend on several factors, including: where you live, your current energy costs, the size of your home, and the average amount of sunlight your roof receives.
In many states, installing a solar PV system can save homeowners $30,000+ over 20 years. Find out how much money you could save with solar by getting your free solar quote from EcoGen America.
Increase The Value Of Your Home
Installing solar panels on your roof can also increase the value of your home significantly.
A study conducted by the National Renewable Energy Laboratory (NREL) found that homes with solar panels sold for an average of 17% more than homes without solar panels.
The same study also showed that homes equipped with solar panels sold 20% faster than similar homes on the market without solar capability.
Protect Yourself From Rising Energy Costs
One of the biggest advantages of solar energy is the ability to lock in low energy costs and protect yourself from rising electricity prices.
Source: U.S. Energy Information Administration (EIA)
According to data from the U.S. Energy Information Administration, residential electricity prices in America have risen about 4.0% annually over the last decade.
This growth rate equates to approximately a 30% rise in electricity prices over the past 10 years.