How Solar is Helping Planet Earth?

For many years, our society has hugely relied on electricity generated by oil and coal. This has greatly increased carbon emissions, pollution of our air and water, and created different types of hazardous wastes. The American Lung Association’s 2018 air quality report reveals that ozone pollution worsened significantly. They also found that 133.9 million Americans live in counties with unhealthy air. An estimated 39% of all energy consumption in the U.S. comes from the production of electricity to power homes and businesses. A great deal of this energy consumption pollutes our air and water, and it creates hazardous wastes that require disposal.

Solar Shields You From Rising Utility Costs

Energy price hikes can happen at any time, and virtually without notice. Throughout the past decade, energy prices have risen at an average rate of 3% each year. By switching to solar, you have the opportunity to completely eliminate or significantly reduce your electricity bill, which will save you a great amount of money long-term. Solar technology actually tops the list of government-approved solutions against rising electricity rates.

Eliminate Your Energy Bill

One reason consumers are enticed to go solar is the financial benefit. On average, Americans pay $100 for electricity per month, and this is projected to rise year after year. The EIA (Energy Information Administration) forecasts the typical U.S. household will spend an average of $426 on electricity for the second half of 2018. This is a 3% increase from the average expenditure in 2017. Going solar gives you the opportunity to completely eliminate your energy bill.

Jobs Grow in Solar, Not Coal

The environmental benefits of going solar are quickly becoming common knowledge. Some state’s financial incentives are allowing more and more homeowners to take advantage of the Sun’s power! Now, let’s take a look at solar energy’s positive impact on our economy.

Solar Panels Increase Property Values

If you’re a property owner who brought solar technology into their home, you’re in luck! You will not only recoup your initial investment but also receive a premium that will increase your ROI. According to a study sponsored by the U.S. Department of Energy, real estate buyers are willing to pay more for a solar-sustainable home. It was also concluded that the presence of solar panels could increase a property’s value by 3-4%.

Enjoy a High ROI with Solar Power

If you’ve considered going solar, you probably have this question in mind: How much am I going to save? Solar technology is known to generate between 10% and 30% as an annual return. The average customer can earn the highest ROI through solar power by receiving free electricity throughout their solar system’s lifespan of over 25 years. There are several ways to regain the initial investment: