Solar power is becoming an increasingly popular method of generating power. Not only are they environmentally friendly and sustainable, but their cost has been steadily declining. As a result, many homeowners are installing them to take advantage of this cost-saving form of green energy.
However, there’s one small catch: your roof! Installing solar panels on your roof can be complicated for those who aren’t into DIY. In such a case, it is always advised to hire professional solar installers in Adelaide to do installation work. Let us discuss some advantages associated with installing solar panels.
1. Financial gain
Installing solar panels is not a cheap affair, but its cost has declined due to the contribution of a reduction in the cost of photovoltaic cells. As a result, homeowners can save a lot on their electricity bills and take advantage of government subsidies and tax credits.
Also, solar panels help you save enough money to cover the expenses incurred during installation within 10-15 years. You will be able to recoup your investment by generating more power than what is required by your household.
The general rule of thumb for calculating solar panels is the roof size multiplied by the electricity consumed. Since all solar panels are different, calculating an accurate value for saving money for your home needs to be done by a professional like Class A Energy.
For instance, if your house consumes 250KWh per month and has a 1.5KW solar panel system, expect to save approximately $100 per month on your energy bill. In addition, federal tax credits include 30% of the cost of the installation, which makes it possible to save up to $7,500 upon installation.
3. Long-term savings
It all depends on the type of solar panels you choose, but you can save up to 20 years depending on how much sunlight shines in your area. In addition, maintenance costs are low, and there are many government tax credits to take advantage of. For example, if you install a solar hot water system, you can earn $50 off next year’s tax return and every year after that for a decade!
4. Increasing resale value
Homeowners who have invested in a solar power system can expect higher resale values. It is difficult to determine how much of an increase in value you’ll enjoy by installing home solar panels. However, it can help your property sell more quickly than if it didn’t have one installed. So, if you’re planning to sell your home shortly, installing solar panels might be a good idea.
5. Sustainable energy source
Going green is about making wise decisions for the benefit of all. Installing solar panels not only saves on energy costs and makes life greener but also reduces carbon emissions which significantly impact our environment. Solar panels enable you to eliminate non-renewable sources from your household’s power usage. Hence, they are sustainable and environmentally friendly too!
If you’re planning to install a solar power system, think about the benefits given above. They can be yours! The cost of solar panels might seem overwhelming, but with the help of tax incentives and rebates, you won’t find it as eco-friendly as you hoped. And don’t forget that once your panels are installed, it can take just a few months or years to pay for itself.