Did you know that solar panels have reduced costs by nearly 70%? And the money savings do not stop there.
It is no secret that solar panel installation offers benefits such as green energy and jobs. But is installing solar panels financially worth it? The accessibility of solar panels is not the only money-saving factor, so the answer is yes!
States such as South Carolina have relatively mild weather conditions for maximum solar power advantages. Residents can benefit from massive savings while also getting the energy they need. Hence why more and more people are choosing solar energy.
Are you interested in learning more? Read on for five money-saving benefits of solar panel installation!
1. Save on Electricity Bills
Solar panel installation gives energy ownership to you. You are essentially producing your energy thanks to the sun! You can even cancel bills altogether if you produce 100% of the energy you consume.
The average American household spends over $2000 a year on electricity bills. So solar panels will bring you excellent savings within several years!
2. Avoid Grid Dependence
As in other states, South Carolina’s electric grid is under review. Experts are considering if it can withstand heavy storms and different adverse weather. Once you have solar power, you no longer have to worry about the electric grid’s reliability!
Power cuts can be costly in many indirect and direct ways. Work can stop, appliances can break, and food is lost. Solar power takes away financial losses like this, thanks to its energy independence.
Grid dependence also means you are subject to increasing utility bills. Take control of your energy, and have the power to consume consciously without high costs.
3. Have Low Maintenance Costs
Solar panels have low maintenance costs because they have no moving parts and just need to be kept clean. They last for around 25 years, although the inverter is sometimes replaced after 15 years. Imagine how many years of utility bills and related costs you save on!
4. Enjoy Financial Incentives
South Carolina is adopting forward-looking solar energy policies. The state recognizes the individual and collective benefits.
There are also tax credits that you can earn on solar panels. These differ in percent dependable on the year of your solar panel installation. Learn more about South Carolina solar savings.
5. Increase Your Property Value
Solar panels do not only save you money; they can help you gain money! Thanks to their many benefits, solar panels are increasing in popularity. There are excellent solar premiums in states such as South Carolina, so property value is on the up.
Solar Panel Installation Saves You Money
There is an initial cost to solar panel installation. But once this is done, you will soon begin to reap the money-saving benefits! Try it yourself to find out.
Many solar panel companies have no upfront costs or payment plans. So solar power is as accessible as possible. Pick an established company to avoid improper installation and inferior quality materials.
Explore our other blog posts for more helpful advice and tips!