Yes! With a solar energy system, you will be able to power your home or business with the free energy collected by your panels. In the past ten years, residential electricity prices have gone up by an average of 3% annually. Even if you do not produce 100% of the energy you require, going solar will drastically reduce your electric bill and will protect you from unpredictable hikes in the cost of electricity.
Modern society is dependent on electricity generated by oil and coal, constantly contributing to greenhouse gas buildup in the environment. Our homes, vehicles and technologies require large amounts of energy, yet fossil fuel supplies are limited and cause pollution to our atmosphere. The sunshine has yet to let us down – which means we have a nearly infinite energy source. A typical residential panel system will eliminate 3 - 4 tons of carbon emissions annually, which the equivalent of planting 100 trees every year.
Solar panels aren’t an expense – they’re one of the best ways to invest, with returns rivaling those of more traditional investments like stocks and bonds. Thanks to substantial electricity bill savings, the average American homeowner pays off their solar panel system in 6 - 7 years and sees an ROI of 15% or more.
If you own a home with a solar system, the FHA requires (to your benefit) that its value be assessed and added to the total appraisal value of your home when you want to sell it. We know that owning your solar system will save you more money on your electricity bills in the long run than installing your system under a solar lease or power purchase agreement (PPA). This is the primary reason that homes with solar panels sell for more: they offer a definite financial benefit to the future owner. As home buyers become more educated about the savings associated with solar, demand for solar properties will continue to grow.