Families across America are searching for ways to lower their day-to-day expenses and decrease their impact on the planet. Many are focusing their attention on sustainable energy sources. The cost of residential electricity rates have increased approximately 15% over the past decade. Some states, like Oregon, have seen an increase of as much as 40%. That adds up quickly as new utility bills arrive each month.
Energy independence is helping to free more households from this growing financial burden. Solar panels provide a viable solution that’s also eco-friendly. Once the system has paid for itself, all future power production is essentially free. On average, this usually occurs within the first five to ten years of use depending on where you live. If you have a solar panel system now or plan to get one in the future, there are some things you can do to grow your financial benefits.
- Hire Experts to Install Your System
Make sure you choose a solar panel installer that you can trust to do the job right. The professionals you hire should have experience, be aware of the most recent technology, and be able to answer questions and provide good advice. When installed correctly, your system will operate safely and produce optimum results for years.
- Make Sure You Install the Right Number of Solar Panels
The number of solar panels installed on your home will determine how much energy it can collect. That’s why it is essential to speak with an expert who can provide accurate estimates for your project. If your system doesn’t have enough panels, it may not be able to keep up with demand. To get the most money-saving benefits out of your solar investment, make sure you choose the right size system. The Chicago Solar Experts are available to provide recommendations on panel quantity and setup.
- Learn About Available Solar Tax Credits
Did you know that the U.S. government encourages citizens to go green? There are several rebates and tax credit opportunities available to households who install solar panels. Availability will depend on where you live. Some states offer grants and Solar Renewable Energy Credits. No matter where you are in the country, there are also federal tax credits available for consumers who purchase and install a new system. This can amount to as much as 30% of your total installation cost.
- Solar Panels Increase Home Value
As more people learn about the benefits of going green, the popularity of sustainable features is in demand. Many buyers seek out properties that are already equipped with energy and money-saving appliances. Solar panels rank high on the list of upgrades that home buyers want. A study conducted by Lawrence Berkeley National Laboratory revealed that installing solar panels raised home value by approximately $15,000. This benefit may not save you money right now, but it will earn you lots of extra cash if you decide to sell later.
- Sell Energy Back to the Grid
You may have the option of selling energy back to the grid. This benefit can help you generate money or offset the cost of any power used from the grid. Check with your local utility company to find out if net metering is an option. If it is, excess energy collected by your system is stored on the grid and will earn you credits. You consume those credits when you use power in your home. If you are generating more than you are consuming, then the power company will buy the excess. Over 40 states currently offer solar net metering.
- Install Energy Star-Approved Appliances
Anything that you can do to cut down on your power usage is a good thing. It can help reduce the amount of energy your solar panels need to produce, and it can help increase the amount of credits you earn when selling back to the grid. Look for Energy Star-approved appliances. These are designed to operate safely and efficiently. This is especially important if you have appliances that are old and manufactured using outdated technology.
- Always Be Conscious of Your Energy Consumption
Always be aware of how and when you use energy. For example, turn lights off when you’re not using a room. Add better insulation to put less strain on your heating and cooling system. Consider line-drying clothing on nice days instead of running your electric dryer. These Earth-friendly habits will help you live greener and within the capabilities of your solar system.
The Chicago Solar Experts are available to provide tips and information on maximizing your solar energy use. Contact us to learn more or to discuss solar panel installation in your home.
