4 Key Advantages of Solar Energy

With electricity bills skyrocketing and people becoming more environmentally conscious, it is no surprise that everyone is turning to renewable sources of energy to power their homes. The most readily available and affordable renewable energy source is solar power today. What once used to be a niche resource is now accessible to consumers all around the world. It has never been easier to get a solar energy system installed in your home.

There are many advantages to having a solar PV system in your home, from reducing utility bills to helping save the environment. The good news is that after a quick consultation with a service provider and a routine roof inspection, you should be good to go. If you’re considering installing solar panels in your home, here are four key advantages that will solidify your reasons to do so.

1. Reduces Electricity Bill

One of the major advantages of using solar energy is that it reduces your electricity bill. Electricity rates are rising and will likely continue to do so in the future. Solar service agreements, however, will provide you electricity at lower predictable rates.

With solar energy systems installed, you won’t be using much grid electricity since most of your electricity will be drawn from your solar panels. Moreover, if the solar panels installed are ones you own, it’s as good as free electricity. Installing solar panels will thereby help you lower your monthly utility bills drastically.

If your panels are producing more electricity than you require, you can sell the surplus to the electricity grid. The profit you make is credited to your electricity bill at the end of the month. Electricity rates are higher when demand is more, so another added advantage of using solar-powered batteries is that it will help you save money during peak electricity rates. Solar energy also backs you up during times of blackout.

If you don’t want to deal with the maintenance aspect of installing solar panels in your home but still want to optimize energy savings, then consider joining a solar community, through either ownership or subscription. Owners enjoy all the advantages of using solar energy without having panels installed in their homes. Subscribers pay a subscription fee to get electricity from the community, but the prices are much cheaper than that of the utility.

2. Readily Available Resource and Energy Independence

What makes solar energy appealing is that it is readily available for use. Any place that receives a decent amount of sunlight for more than half of a year can profit from using solar energy. This means that the average consumer has easy access to solar energy. All you need is a bit of help with the initial installation procedure, but then you can use the energy whenever and however you want.

The Australian installation contractors at Brisbane Solar Power provide detailed guidelines on which solar energy system is best suited for different home types. You can have contractors inspect your home and help you choose the best installation.

For those who can’t afford installation, as we mentioned before, consider joining solar community projects for an affordable price. You’ll be able to save up on energy costs while also becoming energy-efficient and independent. Advancements in technology are now leading to the development of solar energy systems that don’t require roof space to harness energy.

Having solar panels installed makes you energy independent since you have a constant source of renewable energy that is virtually inexhaustible. This means that no matter what happens to the energy grid, you will be protected from all sorts of price fluctuations and supply shortages.

While prices of electricity are increasing nonstop, the costs of solar energy are drastically decreasing over the years. There has never been a better time for people to install a solar energy system in their homes.

3. Increases the Value of your Home and Tax Credits

While the initial investments in installing solar panels can be high, the payout, in the long run, is extremely profitable. Solar panels can be considered a long-term investment meant to last for the next two to three decades. The amount of money you save through low maintenance costs, lower utility bills, tax credits, and local rebates is immense. Solar panels also increase the value of your home. The expense of rooftop installations and batteries is usually included in the property’s resale value.

Moreover, those who purchase solar-equipped homes enjoy tax incentives and lowered utility bills. So, it’s a profitable situation for both the buyer and the seller. Based on where you live, your energy provider, and state regulations, you can earn tax credits and tax rebates by installing solar panels in your home.

You generally need to own the solar PV installed to take advantage of this system. If you meet all the criteria, a portion of the costs of buying and installing solar panels is credited to your taxes, meaning you will save up on taxes.

4. Eco-friendly and Renewable Source of Energy

With climate change and the impending energy crisis looming over us, the need to switch to eco-friendlier energy sources is more evident than ever. The demand for renewable energy sources is increasing day by day, and most are turning to solar energy as a solution. Home solar has immense potential. It is a clean, emission-free, and renewable source of energy that, unlike coal and natural gas, doesn’t contribute to greenhouse gas emissions.

The greenhouse effect combined with air pollution has detrimental environmental and health effects. A zoomed-in picture never tells the whole story, so while you may feel that one person installing solar panels might do nothing, it is contrarily helping the environment immensely.

Solar panels on the roof in Brisbane, image source: Unsplash

With so many advantages to using solar energy, the demand and popularity for solar services are rising. With this being a long-term investment that pays well, everyone should consider installing a solar energy system in their home. Reach out to a local service provider to see what options work best for you. Now that you know of the significant advantages to having solar panels power your home, waste no time in getting them installed.