Solar Benefits
Financial
Increase the value of your home
According to the Appraisal Journal, any improvement to a home that saves money on energy expenses increases your property value by a 20 to 1 ratio. In other words, every $1 in electric savings equals an increase in property value of $20. For example, a 5kw residential might only cost you $11,000, after incentives, but would increase the value of your property by $13,500.
Incentives reduce upfront costs
Federal & state incentives can reduce the upfront cost by over 66%. For example, a 5kw system with a retail price of $30,000 might only cost $10,000:
- $30,000 retail price
- ($10,000) utility rebate- $2/watt x 5,000
- ($9,000) federal tax credit
- $11,000 total cost
Social
Generate power with clean renewable energy
Solar systems create clean energy from the sun. When you go solar, you are helping combat global climate change and reducing our collective dependence on fossil fuels.
Reduce your carbon footprint
Greater than 95% of energy used in the US is sourced from dirty fossil fuels such as coal, oil, and natural gas. When fossil fuels are burned to generate energy, they emit toxic gases into the air that cause polution and global climate change. Solar, on the other hand, is infinite, clean, and renewable. A typical 5 kw solar system will provide the following environmental benefits over its lifetime: planting over 600 trees, removing 180 tons of CO2 from the atmosphere, and not driving approximately 240,000 miles in a car.
Protection against rising electrical rates
Utility rates have risen an average of 9% per year for the past 10 years. Not only are fossil fuels bad for the environment, but they are also finite resources that are subject to market volatility. Energy prices have been known to skyrocket in a short period of time.
Socially responsible
By going solar, you are demonstrating your environmental awareness and responsibility. Customers, employees, peers, and investors will be more likely to do business with organizations that adopt sustainable practices.