As a homeowner, an Entrepreneur, or a nonprofit, electricity expenses can make up a large portion of your monthly expenses. With a solar panel system installed, you will generate free power for your home throughout the system's life cycle. Even if the gathered energy does not produce enough to cover the %100 of the energy you consume, the solar will still minimize the use of your Electrical and ultimately reduce your monthly bill.
Buildings are responsible for 38% of all carbon emissions in the U.S. Because solar is completely natural you mitigate its use and significantly decrease that number. Your average residential solar panel system can eliminate up to four tons of carbon emissions per year- that would be the equivalent of protecting hundreds of trees annually.
One of the most clear cut benefits of solar panels is the ability to hedge utility prices. In the past ten years, residential electricity prices have gone up by an average of three percent annually. Luckily for us, you cannot put a price tag on the suns natural energy. By investing in a solar energy system now, you can take control of your electricity expenses and protect against unpredictable increases in electricity costs. If you're a business or homeowner with fluctuating cash flow, going solar also helps you better forecast and manage your expenses.
Multiple studies have found that homes equipped with solar energy systems have higher property values and sell more quickly than non-solar homes. Appraisers are increasingly taking solar installations into consideration as they value homes at the time of a sale, thanks to the lower cost and efficiency of solar panels. They will bring value to potential buyers and will become a huge selling point in time as they become more aware.
The sun provides near-infinite energy source and serves as a key component of achieving energy independence in the U.S. By increasing our capacity to generate electricity from the sun, we can also insulate our country from price fluctuations in global energy markets.
According to The Solar Foundation, the solar industry added jobs at a rate nearly 12 times faster than the overall U.S. economy in 2015, representing 1.2 percent of all jobs in the country. This growth is expected to continue. Because solar-related jobs tend to be higher paying and cannot be outsourced, they are a significant contributor to the U.S. economy.
Companies quickly are realizing the social and economic benefits of adopting solar power. As early adopters pull ahead of the competition, many companies are exploring solar power as a way to keep up.