Updated: July 2023
Climate change is one of the biggest threats facing humanity. Though several steps have been taken to combat climate change over the years, we haven’t made as much headway as we’d like to see.
One of the reasons why we have failed to address climate change is that we are still overly reliant on fossil fuels to produce energy. In the U.S., around 70% of electricity is generated by burning fossil fuels. Fossil fuels, like coal, produce large quantities of carbon dioxide and other greenhouse gases when burned.
If you want to do your part for the environment, consider going solar. Solar energy is free, clean, and renewable. Here are some amazing benefits of going solar by the end of this year according to solar contractors near you.
Why Should You Switch to Solar Power?
- Reduce Your Carbon Footprint
- You Will Save Energy
- Tax Credit
- Increased Home Value
- Solar Panels Are Durable and Reliable
- Reduce Your Carbon Footprint
Going solar is one of the most effective ways to decrease your home’s carbon footprint. A study found that every kilowatt lowers a home’s carbon dioxide emissions by 3,000 pounds. Solar energy systems do not produce greenhouse gases. A solar panel can produce emission-free energy for more than 25 years, assuming that it is installed correctly and maintained regularly.
You Will Save Energy
Though solar panels can have high upfront costs, their long-term benefits far exceed their costs. Solar panels provide free energy throughout their entire lifetime. Solar panels usually require very little maintenance, which means you will save money on maintenance in the long run.
Tax Credit
The Solar Investment Tax Credit (or federal solar tax credit) allows homeowners going solar to deduct a certain percentage of the cost of installing their solar energy system. If you complete your solar installation by the end of 2021, you can deduct 26 percent of the installation cost. The Solar ITC drops to 22 percent in 2023 and will be phased out in 2024.
Increased Home Value
By installing a solar panel system, you could boost your home value by an average of 3-4%. Homes with solar panel systems also sell faster. As consumers become more environmentally aware, the demand for homes with solar panel systems is expected to grow in the coming years.
Solar Panels Are Durable and Reliable
Solar panels are designed to withstand the elements and operate in harsh weather conditions. Top-of-the-line solar panels can last several decades. To maintain the efficiency of your solar panel, have a solar contractor near you inspect and maintain your system at least once a year.
