The Financial Benefits of Investing in Solar Energy for San Diego County Residents
At this point, solar energy is no longer a novelty. It’s been around for a while now, and you’re likely aware of at least a few of its most notable benefits.
Still, not all businesses or homeowners are making the switch to solar, figuring the move not worth the trouble. The financial benefits may cause you to reconsider, however.
Using solar energy can be the smart move financially for both homeowners and businesses. Listed below are some of the top reasons why investing in solar energy is the financially prudent move for San Diego County residents.
Affordable Installation for New Homes or Buildings
If you’re still building your new home or office, that is as good a time as any to consider having a solar energy system installed. Now, you may be thinking that the cost of having a solar energy system installed would be hard to shoulder, given the other expenses you already need to deal with, but that’s not necessarily true.
Folks who decide to invest in a solar energy system can take out a low-interest loan to get it financed. Opting for solar energy so early may even wind up freeing your finances.
Reduced Energy Costs
By far, the best-known benefit of using solar energy is that you can save on your electricity bills. When you have solar panels set up at home or your place of business, you enable the establishment to produce its own electricity.
As long as your system is constantly producing electricity, you won’t have to rely on whichever power company is operating in your area. If your system produces enough energy to sustain your monthly needs, you may not even need to pay for electricity ever again.
Imagine operating your business or staying comfortable inside your home without ever worrying about them disconnecting your lights because you were late on a payment. It's a nice thought that you can make a reality with the help of businesses such as Solar Renewable Energy.
Protection from Fluctuating Energy Rates
One of the most frustrating things about being on the grid is that you’re often at the mercy of the power company. If they decide to increase their rates, you don’t have a choice beyond going along with that move.
In the short-term, that hike may not make much of a dent in your finances, but it can become expensive if it sustains over many months or years.
Solar energy finally frees you from that problem. You can map out how you intend to spend your money without worrying about a higher-than-normal electric bill derailing your plans. That kind of security is something you can enjoy if you decide to invest in solar energy.
Federal Tax Credits
The government can also help increase the amount of money you save if you decide to use solar energy. If you have a photovoltaic (PV) system installed on your property, you can recoup a significant tax credit for your troubles.
According to Energy Star, the tax credit you can receive for this tax year is at 26 percent, and for next year it will be at 22 percent. Note that the tax credit only applies to a home that you use as your place of residence, although it can be your second home.
The solar energy system installed must be up to code if you want to claim the tax credit.
Low Maintenance Costs
Those unfamiliar with solar energy systems may assume that they will need to pay for constant upkeep to keep their home grid operational. That is not the case, however.
Most solar energy systems can remain in great shape without regular intervention from mechanics. You can even count on the solar energy systems lasting for over twenty-five years.
Remember to partner up with the professionals such as the people from Solar Renewable Energy when you decide to have the system installed so that you don’t run into any issues in the future.
Marketing Opportunities from “Going Green”
The number one reason you should strongly consider using solar energy is that it’s better for the environment. The second-best reason for investing in solar energy is that it helps you save money in a variety of ways. Those are not the only notable benefits, though.
You cannot overlook the advantage that using solar energy provides to businesses from a marketing standpoint.
More people are aware of how important it is to use renewable energy. They understand that companies that rely on renewable energy are more deserving of their support.
Being a green company is a good thing, and it should be a point of pride for businesses big and small. Don’t shy away from using it as a selling point for your business because the benefits of doing so can be quite substantial.
The Home Becomes More Valuable
When moving to a new city due to your job, you may realize early on that your stay there will not be permanent. Even so, you decide to purchase a home because staying in a hotel or renting is inconvenient for you.
Don’t let the fact that you will only be staying in that house for a few years keep you from investing in solar energy. If anything, you should think about purchasing those solar panels even more if you are planning to sell your home in the not too distant future.
Citing a study conducted by the Lawrence Berkeley National Laboratory, the Department of Energy notes that the presence of a solar energy system increased a home’s value by an average of about $15,000.
Homes outfitted with solar energy systems can also be easier to sell, which is a nice plus.
Investing in solar energy is a future-focused move in many ways. Along with reducing your reliance on fossil fuels, you can also save more money, and create a more valuable property by adding solar panels to your home.
Work with Solar Renewable Energy if you want to make the switch today.