Are solar panels worth it? This is a question that a lot of homeowners are asking these days. The quick answer is yes. Solar panels are definitely worth the investment! They are a great way to save money on your energy bills. They are also (obviously) good for the environment. In this blog post, we’ll go over some of the reasons why solar panels are a wise financial decision in the long run. Keep reading to learn more about the benefits of solar panels!
Why Are Solar Panels a Good Investment for Homeowners?
There are a lot of compelling reasons to go solar these days. The price of going solar has dropped significantly in recent years. These price drops have made solar more affordable for the average homeowner. In addition, many state and local governments offer incentives to switch to solar energy. These incentives can further offset the cost of going solar and make it even more financially attractive.
Are solar panels worth it? The answer may depend on your individual circumstances. In general, however, the answer is yes. Overall, solar panels are definitely worth the investment. Here are some of the key reasons why solar panels are a wise investment for homeowners.
1. Solar Panels Increase the Value of Your Home
One of the biggest reasons to invest in solar panels is that they can actually increase the value of your home. Recently, it was revealed that homes with solar panels sell for an average of 4.1% more compared to homes that did not have solar panels. Not only will you save money in terms of your energy bills by going solar, but you’ll also make more money when you sell your home.
2. Solar Panels Can Help You Cut Back on Costs on Your Taxes
In addition to increasing the value of your home, solar panels can also help you save money on your taxes. The federal government offers a tax credit for homeowners who invest in solar panels. Many states also offer additional incentives as well. Check with your local tax advisor to see what credits and incentives are available in your area.
3. Solar Panels Can Help You Cut Back on Costs on Energy Bills
Solar panels can help you spend less in terms of your energy bills by reducing your overall reliance on the grid. Panels produce electricity during the day, when rates are typically higher, and you can use this electricity to offset the cost of power from the grid. There are even instances when you might sell excess electricity to the grid. Check with your local utility company to see what options are available in your area. You can also check out our post on why your electric bill is still high with solar, if you aren’t getting as much out of your panels as you could.
4. Solar Panels Are Environmentally Friendly
Solar panels are also environmentally friendly, which is another compelling reason to invest in them. Panels produce clean, renewable energy that doesn’t generate pollution or greenhouse gasses. As more and more people switch to solar, we can help reduce our reliance on fossil fuels and make a positive impact on the environment.
5. Solar Panels Are Durable and Long Lasting
Another great reason to invest in solar panels is that they are durable and long lasting. Solar panels are made from tough, weather-resistant materials that are designed to withstand the elements. With proper maintenance, solar panels can last for decades.
All of these factors make solar panels a good investment for homeowners. If you’re considering going solar, contact Atlasta Solar today. We’ll help you determine if solar is right for you and provide you with a free, no-obligation quote.
How Much Do Solar Panels Cost?
You might be wondering how much solar panels cost. Well, solar panels are not cheap. They are priced anywhere from $2.87 to $3.85 per watt, and the average 5 kilowatt (kW) system costs about $16,800 after solar rebates and incentives. However, solar panels are not priced like other home improvements. They are an investment that will pay for themselves many times over the course of their 25 to 30 year lifespan.
The cost of a solar panel has decreased by about 50% since 2010, and the cost of a solar system has decreased by about 65% over the same time period. However, despite this decrease in cost, solar panels are still priced like an investment.
Solar Panel Incentives and Rebates
In addition to the decrease in cost, there are also numerous solar incentives and rebates available that can further reduce the price of a solar panel system. For example, the federal solar tax credit allows you to deduct 26% of the cost of your solar panel system from your federal taxes. There are also many state and local incentives available, which can further reduce the cost of solar.
Solar Panel Financing
There are several financing options available that can make solar more affordable. Solar leases and power purchase agreements (PPAs) allow you to install a solar panel system for your home or business with little to no money down.
With either a PPA or solar lease, you make monthly payments to the solar company for the electricity that your system produces. Solar loans are another financing option that can help you pay for your solar panel system with little to no money down. They are typically offered at a fixed interest rate, which means that your monthly payments will stay the same for the life of the loan.
How Can Atlasta Solar Help?
Atlasta Solar is devoted to helping you make the best decision for your home or business. We are a customer-centric company, which means we always put your needs first. Part of our job is to educate you on your options and help you determine if solar is the right choice for you.
Solar panels are a big investment, and we want to make sure you feel comfortable and confident with your decision before moving forward. Contact us today to learn more about solar and how we can help you save money on your energy bills!