Here are the top ten reasons why solar energy is good for your home or business:
1. Decrease Your Electric Bills
Whether you’re a homeowner, business, or nonprofit, electricity costs are a key part of monthly expenses. With a solar energy system, you can generate free power. Even if you don’t produce 100% of the energy you consume, solar will reduce your utility bills immensely.
2. Earn a Great Return On Your Investment
Solar panels aren’t an expense- they are an investment. Thanks to substantial electricity bill savings, the average American homeowner pays off their panel system in 7-8 years and sees an ROI of 20% or more.
3. Protect Against Rising Energy Costs
A clear benefit of solar panels is the ability to hedge utility prices. In the past ten years, residential electricity prices have increased by an average of 3% annually. By investing in a solar energy system now, you can fix your electricity rate and protect yourself from further increases in electricity costs.
4. Increase Your Property Value
Many studies have found that homes powered by solar have higher property values and sell faster than homes without solar. According to Zillow, solar increases the value of a home by 4.1% on average.
5. Boost U.S. Energy Independence
By increasing our capacity to generate electricity from the Sun, we can also protect our country from price fluctuations in global energy markets.
6. Create Jobs and Help Your Local Economy
According to The Solar Foundation, the solar industry added jobs at a rate of nearly 12 times faster than the overall United States economy in 2015. This growth is expected to continue as solar-related jobs tend to be higher-paying and cannot be outsourced.
7. Protect The Environment
Buildings are responsible for 38% of all carbon emissions in the U.S., and making the switch to solar can decrease that number. A typical residential solar panel system will eliminate 3-4 tons of carbon emissions per year, which is the equivalent of planting roughly 100 trees.
8. Demonstrate Your Commitment To Sustainability
Sustainability and corporate social responsibility are vital components of an organization’s values. Consumers and communities are recognizing and supporting businesses that choose to operate responsibly. Businesses are finding that “green” credentials are a powerful driver of consumer purchasing decisions and are improving business results.
9. Increase Employee Morale
Just like consumers, employees have demonstrated appreciation for their employer’s commitment to operating responsibly. Companies that care about the community and environment tend to have lower turnover rates, more engaged employees, and higher levels of morale.
10. Stay Competitive
Companies are quickly realizing the social and economic benefits of adopting solar power. As early adopters pull ahead of the competition, many companies are exploring their options as a way to keep up.