Reasons to Go Solar This Year
The last few years haven’t exactly been kind to homeowners interested in going solar. Thanks to things like supply chain problems, high inflation, and a troubled economy, solar’s prices climbed to the point that many homeowners were simply priced out of the market.
But things have since dramatically improved. In fact, 2024 is expected to see solar’s prices finally fall back within normal range, once again making solar energy much more approachable for even the most budget-conscious household.
But if the price drop alone isn’t enough to get you back on track with your solar plans, then here are a few other compelling reasons to finally go for solar in 2024.
Increase Your Home’s Value
Any major home improvement is going to have a positive impact on your home’s value and this includes solar power. On average, solar increases a home’s appraised value by 4.1%, but it is important to remember that this is an average. Where you live can impact how much of an increase you’ll see. For example, in New Jersey, homeowners who choose to purchase solar panels can see their property values rise by as much as 10%.
Enjoy Energy Independence
Freedom has become one of the most popular buzzwords over the last few years. It’s something that everyone seems to be yearning for these days, despite the fact that we already have it. But one area where most people probably don’t feel like they have much freedom is from the utility companies, and in this case they would be right. Utility providers regularly raise their rates because the antiquated electrical grid is in constant need of repair, and these repairs are paid for by their customers.
But going solar reduces, or in some cases even eliminates, your dependency on the grid. With solar, you won’t have to worry about paying for what should be the utility company’s financial responsibilities or suffer the inconvenience of losing power simply because the grid can’t keep up with demand. In other words, you’ll enjoy true freedom from sky-high electric bills.
Customize Your Solar Savings
How much do you want to save by going solar? Are you looking to cut your electric bill in half or do you want complete freedom from the grid? The great thing about solar is that you can customize your installation, so you can enjoy it on your terms. If at any time in the future you wish to add solar panels or a battery storage system, so you can access solar energy at night, you can do it.
Solar Is Low Maintenance
What makes solar even more attractive is that as a system, it is remarkably low maintenance. In most cases, the panels are installed at a pitch which allows rain to naturally rinse any dirt away. If anything, you may need to give them a wash once or twice a year. And because solar panels naturally warm in the sun, most minor snowfall accumulations will typically melt away over the course of the day.
Solar Is a Long-Term Solution
Solar panels are designed to deliver reliable performance for decades and most manufacturers provide 25-year warranties on their equipment. And since the average solar system pays for itself in under ten years, that means you’re looking at several years, possibly even several decades, of free and clear electricity.
Consider this — take your total annual electric expenditure and multiply that by 10, 20, or even 30 years, and you’ll see just how much money you stand to save in real dollars once you reach the break-even point on your system’s cost.
There’s no better time than 2024 to transition your home into a solar powerhouse. After all, with the federal solar tax credit at 30%, you can save a lot of money on your total cost of installation. To learn more about how going solar can help you save money while improving several aspects of your life, schedule a consultation with your local solar installer today.