Is your home powered by the sun? In 2020, solar energy accounted for 3.3% of the electricity generated in the US.
Harnessing the power of the sun for your home is not only a smart thing to save the environment, but it goes for being frugal with your money too! Choosing to generate electricity from solar panels might be something you’ve considered recently. You’re planning to go solar, but you’ve been procrastinating on making the switch from your local power company.
Not sure if it’s worth it? Let’s go through some reasons to consider going solar in 2023.
1. The Cost Is Decreasing Rapidly
In 2023, people may wish to consider switching to solar energy. The cost of solar power is decreasing rapidly, making it an attractive option.
Through the use of new technology and improved materials, the cost of solar energy has decreased significantly in recent years. These cost savings allow more people to access solar energy and enjoy its advantages, making it an increasingly popular choice.
For more information on solar cost savings, you can check out this savings report here.
2. Save Money on Your Utility Bills
With the cost of electricity and gas consistently rising, investing in solar panels can drastically reduce utility bills. Solar energy systems typically require a moderate upfront cost but can quickly pay for themselves in the long run due to the energy savings associated.
Solar systems are designed to maximize energy production and reduce energy bills by as much as 30-50 percent. Also, you can use solar energy to provide hot water, heat, and air conditioning, saving additional money in the long run.
3. Take Advantage of State and Federal Tax Incentives
With state and federal tax incentives available to help defray the upfront cost, now is the perfect time for residential and commercial properties to invest in clean energy. State programs, such as Pennsylvania’s Alternative Energy Portfolio Standard (AEPS), allow you to earn Tax Credits from your solar energy system. This will be at a certain rate per kilowatt-hour when you install a system of solar-electric panels on or at your residence or business.
Furthermore, federal government tax credits are available to everyone regardless of the state they live in. You can get a Federal Investment Tax Credit which allows you to deduct up to 30 percent of the cost of installing a solar energy system from your federal taxes.
Additionally, some states, such as California and New York, have additional tax incentives, such as property tax exemptions and sales tax exemptions, to help reduce the cost of going solar. To take advantage of these programs, it’s significant to do your research and ensure you’re eligible for the benefits.
4. Increased Resale Value
In 2023, solar power may be one of the best investments a homeowner can make to increase their home’s resale value. Solar can reduce electricity and heating bills, thereby making a home more desirable to home buyers and attracting higher offers. Solar panels are also low-maintenance and durable, meaning homeowners won’t have to keep up with costly repairs or replacements.
Solar energy is becoming increasingly prevalent and appreciated in real estate markets as potential buyers feel that the technology will pay off in the long run. The prevalence of solar energy in the housing market also boosts appeal and value, making a sale of the property most likely.
5. Positive Impact on the Environment
Going solar in 2023 has numerous positive environmental advantages. Solar energy is a renewable source of energy, which not only reduces your carbon footprint but also decreases fossil fuel consumption.
Solar energy is much more efficient and cost-effective in the long run since there are no fuel costs involved. The lack of fuel needs also creates much less air pollution and significantly reduces the waste of finite natural resources.
Solar is also a very quiet source of energy and does not produce greenhouse gases or create hazardous byproducts. They require no water to operate, making them more helpful and efficient in times of drought.
Lastly, they can lead to cleaner air and a cleaner environment for all. Therefore, it is clear that going solar in 2023 is a great step forward for a more sustainable future and will have a huge positive impact on our environment.
6. Reliability
In 2023, the reliability of solar panels makes them an excellent choice for those looking to create sustainable energy solutions with minimal risk. They don’t rely on fuel or other external resources for power. This can reduce the potential for unexpected power outages.
Solar panels can’t become overused or need too much electricity. So you can be assured of their long-term reliability.
With the advancement of technology, solar panels are also becoming more efficient in energy-capture capacity. This means more energy can be created with a smaller physical requirement. To ensure sustainable power sources without sacrificing reliability.
With these advantages and more, it is easy to see why solar panels are an increasingly popular choice for those looking for reliable energy solutions.
7. Easy to Set Up
By 2023, advancements in the solar industry will have made it even easier for households to enjoy the benefits of solar power. In particular, setting up a solar system in the home will be much simpler than it is now. The most attractive part of setting up a solar system in your home is its efficiency and convenience.
The installation of solar panels and inverters requires minimal labor and is easy to install, even for those with limited technical capability. Also, a solar company will be more knowledgeable and experienced in setting up systems and can install custom-made systems that perfectly fit households’ needs.
Use This Reasons to Go Solar in 2023 Guide
In 2023, going solar will be a smart investment that pays itself off financially and helps the planet. Install solar panels now to take advantage of current incentives and start to save energy costs.
Also, going solar can increase your home’s resale value, have a positive environmental impact, offers reliability, and be easy to install. Go solar and start your journey today!
If you want to learn more, continue reading to find more information on our website.