What Are the Economic Benefits of Renewable Energy?
From saving money to saving the planet, there is no shortage of reasons to go solar.
Here are a few of our top picks benefits of solar panels in homes. Go solar for $0 down in San Antonio with Speir Innovations
#1 $0 Down
With a solar loan, you can finance your solar energy system with no upfront cost
Many utility companies have rebate programs in place that further decrease the cost of your system
#3 Tax Incentives
Claim 30% of the total cost of your system at the end of the year. Any remaining credit can be rolled over through 2021.
#4 Reduce or Eliminate Your Electric Bill
Your solar payment replaces your electricity bill and is usually less expensive. A system that meets 100% of your electricity needs means that you will save money and have all your energy needs covered with one predictable low payment.
You will make your money back and more! With solar, you will see consistent, long term returns in the form of savings, i.e. the money you didn’t have to spend on electricity. Unlike an ROI in the form of income, an ROI in the form of savings is not taxable, which means more money in your pocket.
#6 Avoid rising energy costs
Electricity prices fluctuate, and they are projected to continue increasing in the coming years. Solar energy guarantees that you will have fixed energy costs. As electricity prices continue to increase, so do your savings and avoided costs with solar.
#7 Increase the Value of Your Home
Studies have shown that homes with solar energy systems see an increase in the value of $3/watt on average. This means that a standardly sized 5kW or 6kW system could add between $15,000-$18,000 of value to your home.
#8 Preserve the Environment
Help the environment and yourself. Solar panels produce 0 emission electricity which means you’re reducing your carbon footprint while powering your home.
#9 Increase US Energy Independence
There is no shortage of solar energy, and by choosing to harness this source of power, we reduce our dependence on imported oil which is costlier and contributes to pollution, and you will have the advantages of renewable energy in points.