Three Ways Solar Panels Will Save You Money

Submitted by Sunrise Solar on Mon, 08/13/2018 - 9:19am

Every day more homeowners and business owners alike are factoring in energy costs and being good stewards of the environment into their daily lives.


A key reason people are making the switch to install solar panels to power their homes and businesses is to save money. There are three major ways you can save money by installing solar panels. 


Saving money — or even eliminating — electric costs is the first major way you can save money through solar panels. Electricity costs, like all traditional energy sources, are volatile to changes in the market and also fluctuate seasonally. By installing solar panels, you can greatly reduce, if not eliminate, your monthly electric bill. Some estimates indicate a savings of $18,000 over the 25-year lifespan of solar panels!


Another way you can save money is through tax credits for solar or other rebate programs. These programs and credits vary state to state, but the federal government also has certain incentives for solar. Sunrise Solar can help you navigate this process when you decide to invest in solar, as this is another service we provide to help you.


And lastly, solar panels can actually help increase the value of your home. Several studies, including one from the United States Department of Energy noted that homes with solar panels already installed generated approximately $15,000 more in value, as future buyers could expect to see lower utility costs, plus any credits or rebates.


It’s clear from these reasons that helping to create a more sustainable society through solar power definitely pays!

Let's Talk Solar