If you’ve been considering installing solar panels on your house, but have been hesitant because of the initial costs or installation process, it might be time to reconsider.

Solar panel prices have dropped a lot in price in just the last decade alone and with a little research and planning, an average homeowner can install them relatively easily. 

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Why Install Solar Panels on Your House

The energy savings from a small system will cover the cost of installation within five years—and that’s before factoring in any federal tax credits! But what are some other benefits?

To name just a few: you won’t need to worry about power outages as much as you once did, it will be easier to sell your house if and when the time comes, and your power bills will drop.

Save on your bills

As a homeowner, you know how important it is to save money where and when you can. Installing a solar panel system will help you do just that!

Depending on which part of the country you live in, most homeowners who have installed solar panels have seen a great reduction in their monthly utility bills.

In fact, some of them have even had to return the excess energy back to the utility company, because they make more power than they can use.

Not only will you save money on your electric bill each month, but since most homeowners end up selling their house within eight years of installing solar panels, this investment is one that typically pays off in a short period of time.

You can always contact solar panel contractors like Artisan Electric who will give you a detailed quote on the cost of installation and the time it will take for you to break even and start saving. This will help you budget for this large purchase better.

Increase your home’s value

When you run the numbers and see how much money you can save with a solar panel system, it might be tempting to just go ahead and install one right now… But before you do, there is another very compelling reason to consider: solar energy increases the overall value of your house.

Homeowners who install solar panels on their homes are eligible for tax deductions, which can actually increase the market value of your home.

On average, homeowners receive a 30% federal tax credit that is subtracted directly from the cost of installation. And in states like California, this ratio becomes even more profitable when you include state-level incentives—which often results in a big decrease in the cost of installation.

Save on new appliances

Since you’ll be spending less money on your monthly power bills, it might even be possible to buy new appliances.

For example, if you look at the costs of buying a new, energy-efficient refrigerator versus an older model that isn’t very efficient in terms of power use, the difference in price is negligible.

Why spend the extra money on the old appliance when you can buy one that uses less power? And it doesn’t just have to apply to appliances either—it also applies to small electronics like televisions, stereos, and more.

In addition to saving money on your monthly power bill, by buying energy-efficient appliances you’ll also help the environment since these models use less water and electricity than standard models.

By factoring in the cost of a solar panel system and its installation costs along with any potential federal and state tax credits, you’ll be able to determine if it makes sense for you.

If you’re still unsure about how much money you can save, your local solar panel company will be able to give you a detailed quote on what type of system would best fit your needs and return-on-investment expectations.

It helps preserve the environment

One of the most compelling reasons to install solar panels is that it helps preserve the environment around you. With climate change becoming an issue of increasing concern, you can make a big difference yourself simply by changing the way you generate your power.

In some places, it might actually be possible to have a completely carbon-neutral lifestyle just by using solar panels!

Many utility companies will encourage their customers to consider going 100% green and use only renewable energy sources like solar panels on their homes.

This is done in order to decrease the overall carbon footprint. With so many benefits, there are few reasons not to go solar today!

Solar panels are a great way to save money on your monthly electric bill and help preserve the environment. In addition to the many benefits we’ve outlined in this article, solar panels also increase the value of your home when you go to sell it.

How to Install Solar Panels on Your House

If you’re still unsure about whether or not installing solar panels is the right choice for you, be sure to reach out to local solar panel contractors who can give you a more detailed quote.

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