Are you considering making the switch to solar panels? This might be one of the best home investments that you can make in this day and age. Of course, we understand any hesitation that you might feel before committing to something new. If you are still unsure if this is the right choice for your home, take a look at the following benefits of this type of energy.
Why Should You Consider Solar Power For Your Home?
Cost efficiency
The rising cost of traditional electricity has been a cause of stress for many people. It is likely that the trend will keep going, so more and more people are checking out alternative sources of energy. When you install solar, you will have less to worry about. The electricity bills will surely see a significant drop as soon as you have paid off the system you got installed.
Better property value
In the past, our previous customers fetched a higher asking price for their homes after the installation of a solar system. Not only will you get your entire investment back, but you will also save money on utility costs during the years that you live in the house. As you can see, residential solar pays off in the long run.
Better for the environment
The last few years have seen a rise in environmental awareness across the globe. Those who want to reduce their carbon footprint will be relieved to hear that solar is among the cleanest types of energy out there. Solar power has repeatedly shown its ability to lower strain on the power infrastructure, demands on the water supply, and carbon emissions.
Tax credits
Did you know that commercial, industrial, utility-scale and residential solar projects will receive a 26% tax credit if their construction started in 2021 and 2022? In 2023, this figure will go down to a tax credit of 22%. At the beginning of 2024, however, the residential market will no longer be eligible for this.
By then, the tax credit for the utility and commercial markets will permanently stay at 10%. If you are planning to take advantage of this for your residence, you better start as soon as possible.
As you can see, there are many benefits to a residential solar power system. Solar Regeneration can help you with everything that you need for this conversion. Our team is full of the best people with the expertise required for the job. Please do not hesitate to get in touch with us if you have any questions.