In today’s market, solar systems are a hot commodity. They not only save you money on energy bills month after month, but they can also increase the value of your home. If you’re thinking of selling your home soon or are just curious about the ways a solar system can benefit you, read on.
Here are five reasons why solar panels can add value to your home.
1) Help You Save Money on Energy Bills
This one is rather obvious, but it can’t be left out! Solar systems can help you save a lot of money on your energy bills, especially in states with high electricity rates. The rising energy costs mean homeowners can save thousands of dollars on their bills over the years. If you want to reduce your monthly expenses, a solar system is worth looking into.
2) Great for the Environment
Another obvious benefit of solar panels is that they’re great for the environment. By using a renewable energy source like solar power, you’re helping to reduce your reliance on fossil fuels and other non-renewable methods of producing electricity.
Although preserving natural resources requires a collective effort, you can pay your fair share by freeing up natural resources for your children.
3) Increases Energy Efficiency
Solar panels also increase your home’s energy efficiency. This means you’ll be able to use less energy to power your appliances and run your home, leading to even more savings on your electricity bill.
4) You Become Eligible for Tax Exemptions in Some States
Many states incentivize solar panel use with various tax exemptions. You can avail of these discounts and enjoy the benefits of solar panels without spending a cent.
For example, if you live in California and install a solar system, you get to save on your federal income tax and state taxes for several years. You also have access to energy efficiency rebates from local utilities that can help reduce the cost of your initial purchase further.
5) Solar Panels Add Curb Appeal
A home with solar paneling is more self-sufficient and eco-friendlier than one without. Homebuyers show genuine interest in properties that add value to their lives, and solar panels do just that. In a study conducted by the National Renewable Energy Laboratory, researchers found that homes with solar panels sell 20% faster and for 17% higher prices than those without them.
In general, investing in a home with solar panels is another excellent option for increasing its value while minimizing costs at the same time!
Solar panels are a great way to save on monthly energy bills and increase your home’s value. The solar systems we install at Royal Contractor Solutions are guaranteed for life, providing you with peace of mind. If you’re considering installing solar panels in Kansas City, MO, be sure to contact us today!
