Did you know that installing solar panels on your home could save you tens of thousands of dollars?

While solar energy accounts for about 2% of all energy output in the U.S., the solar industry is growing. More than ever, homeowners are considering installing solar panels on their homes.

It makes sense; the benefits of doing so are both financial and environmental. This year is the perfect time to upgrade your house with this sustainable form of energy.

Read on to discover the financial and environmental benefits of going solar.

Financial Benefits

One of the main reasons homeowners install solar panels on their homes is for the many financial benefits of going solar. While the initial costs can be daunting, the lifetime financial benefits outweigh the initial costs.

First, having your own source of energy means that you’ll owe the energy company less money each month on your energy bill. If you generate more electricity than you use each month, you can also sell the excess to your local energy company. This means that in the long run, you might even be able to make money off of your solar energy!

Additionally, you can claim a federal tax credit in the year in which you had your solar panels installed. This tax credit covers the cost of both materials and contractor labor. Some states also provide incentives and rebates, so be sure to research your state’s offerings to maximize your savings.

The third large financial incentive to installing solar panels is that it will likely increase the value of your home. Prospective buyers are often enticed by the promise of lower energy costs and decreased reliance on the fluctuations of the energy market.

Environmental Benefits

In addition to all the financial benefits listed above, installing solar panels on your home is also a great move for the environment.

Traditional forms of electricity often rely on fossil fuels and contribute to carbon emissions in the environment. In contrast, solar energy is both clean and renewable. It is readily available, is a virtually infinite resource, and reduces your environmental impact.

How to Install Solar Panels in Your Home

Now that you know the benefits of powering your home with solar energy, you need to know the process for installing your solar panels. Working with a local solar company can make going solar a less daunting process. Expert solar installers can help you decide which size of solar panels you need, determine where to install your solar panels, and help you obtain any necessary permits or documentation prior to installation.

There are other considerations to keep in mind throughout the installation process as well. Fortunately, the U. S. Department of Energy has a planning guide to walk you through all the steps in the process.

Going Solar Today

By going solar, all the benefits listed above can be yours. To get started on your energy-saving, cost-reducing solar journey, connect with your local solar company to create an installation plan for your home today.

Looking for more tips on reducing energy costs for your home? Check out the rest of our blog today.