#1 Completely eliminate or drastically reduce your electric bills
Electricity costs can make up a large portion of the overall budget for your home, business or non-profit. With a solar panel system, you’ll be generating free power over your system’s 25-30 year life cycle. Even if you don’t produce all of the energy you consume, your utility bills still will be much smaller. Either way, you’ll be saving a lot of money.
#2 Earn a great return on your investment
Solar panels aren’t an expense. They’re an investment that pays handsome returns often rivaling those of more traditional investments such as stocks or bonds. Substantial savings as well as the potential in some areas to generate revenue result in ROIs of 20% or more, making solar one of the best ways to invest your dollars.
#3 Protect against rising energy costs
Because energy prices are so unpredictable, they make managing your budget very difficult, especially for businesses or homeowners whose cash flow fluctuates from month to month. By making these costs more predictable, solar power systems have the added benefit of improving a home or business owner’s expense management capabilities.
#4 Increase your property value
Early studies have found that buildings and homes equipped with clean energy systems have higher property values, selling twice as fast and at a premium of 3-4% over similar homes in the same neighborhood. Appraisers are increasingly taking solar installation into consideration as they value the home at the time of a sale. As appraisers and consumers become more educated, homes or commercial properties equipped with solar panel systems will be more in demand and may even get even a higher premium.
#5 Boost U.S. energy independence
Solar energy is a pathway to achieving U.S. energy independence from foreign oil. Because we consume far more oil than we produce (25% vs. 3%), the U.S. is not only dependent on foreign sources for our oil, but we’re also transferring billions of dollars from our economy to oil producing countries which doesn’t help our economy at all.