I am sure you have heard it before: “invest in solar energy”, “the time is now. . . .”The big question though is: “why?” There are the obvious answers, and then there are ones that may surprise you. Take a look below at the top 5 reasons to invest in solar energy in 2016:
1. It Saves Money
Whether you plan on purchasing solar energy for a business or for a residential property, there is no denying the monetary benefits. The price of electricity is often unpredictable, but also rising. According to the U.S. Energy Information Administration, the residential electricity price is expected to rise 2.4% to 12.9 cents/kWh in 2017. While you will undoubtedly be saving—the real question is “how much”? Solar Nation estimates customers that invested in a 5 kW solar PV system saved an average of $44 to $187 per month during the first year that they owned their system. While savings can vary greatly due to any number of factors (state, amount of sunlight absorbed on the property, etc.) this calculator is one way to determine an estimated figure. With newer solar panels having a lifespan of 40-50 years, you can rest assured your investment will be returned many times over.
2. It Protects the Environment
The impact of solar energy is far more expansive than just saving on your bills. Creating a “sustainable future” is a paramount issue globally. The toll we have taken on our environment can only be rectified by changing the way we consume energy. Solar energy is clean energy—drawing power directly from the sun. Not only does it reduce our dependency on fossil fuels that damage our environment, it also cuts our greenhouse gas emissions, which lead to global warming. My Domino estimates that 1 residential solar panel system can eliminate 3-4 tons of carbon emissions each year, which is roughly the equivalent of planting over 100 trees every year.
3. Its more affordable than ever before
Contrary to popular belief, solar panels won’t break the bank. Although the cost is not anything to laugh off, technological advancements in the field have made them more accessible and therefore less costly. Also, as mentioned earlier, they provide a great return on investment for years and years to come. One last important thing to note, is that there are numerous tax incentives available for those who embrace solar technology for their homes and/or businesses. Considerations like this are very important in justifying the expenditure.
4. It increases property value
According to EnergySage, homes with solar panel systems have property values 3-4% above similar homes in the same area and sell twice as fast as the competition. This value is expected to increase with solar popularity as appraisers and consumers become more educated on the benefits that solar energy provides for homes and commercial buildings.
5. It makes a statement
Having a solar panel on your property is a statement to your family, friends, employees and customers that you are committed to creating a greener future. For many businesses and organizations this falls under corporate or social responsibility, and can become an important aspect of corporate culture. On the individual level, this purchase signifies an early adopter mentality to what is sure to be a solar future. Often time’s residential purchases are stemmed from referrals of other solar panel users who are delighted with the results of their green endeavor.
For more information on solar energy, or to request a quote for the ConnecTable solar charging station, please contact us at firstname.lastname@example.org or 267-419-8496.