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Solar energy is a renewable, sustainable and abundant natural resource. Each year, more and more Americans are making the switch to solar energy and fossil fuels are being left in the dust. Since the solar investment tax credit (ITC) was enacted in 2006, the United States solar industry has grown by more than 10,000 percent.1 This incredible growth is a testament to the feverish demand for solar energy solutions across the country.

Even though solar energy is all the rage, what exactly are the benefits to homeowners?

SAVINGS

One of the biggest motivators to switching to solar energy is the savings homeowners often experience through monthly utility cost reductions as well as federal and state tax incentives.

In layman’s terms, the ITC allows qualified homeowners to subtract 26 percent of the cost of installing a solar energy system from their federal taxes. The ITC, when coupled with lower monthly utility bills, makes the decision to go solar a no-brainer.

While saving money is certainly a driving factor to going solar, it’s not the only reason why solar is of interest to millions nationwide…

INCREASE HOME VALUE

Adding solar panels to your home is often considered a valuable upgrade by real estate professionals. Doing so can be on par with renovating your master bathroom or kitchen. According to Energy.gov, Americans with solar homes on the market often experience faster, more fruitful sales than homeowners without panels.

“Homes with solar panels sell faster than those without… California homes with energy efficient features and PV were found to sell faster than homes that consume more energy.”[1]

One study by the Lawrence Berkeley National Laboratory showed that adding solar panels increased the value of a home by thousands of dollars.[2] On average, the typical increase in home value is about a 4.1 percent. The facts are clear – new homebuyers are eager to make the switch to clean energy and they’re willing to dish out extra cash (faster) to buy a home with panels installed.

HELP THE ENVIRONMENT

Although saving money and increasing home value are both powerful reasons to go solar, reducing one’s environmental impact is also a motivating factor for many homeowners. Each year nearly around the world.3 By going solar, you remove yourself from that statistic and cut down on your family’s carbon emissions dramatically.

“Non-renewable [fossil] fuels, which include coal, oil and natural gas, supply about 80 percent of the world’s energy… When fossil fuels are burned, they release carbon dioxide and other greenhouse gases, which in turn trap heat in our atmosphere, making them the primary contributors to global warming and climate change.” [3]

With solar energy, you can feel proud that you’re not adding to the mounting climate change crisis. You’re supporting a viable, effective solution.

As you can see, there are a number of ways you can benefit from the boundless energy of the sun. No matter your motivation, you’re making a positive difference in your life and the world around you by switching to solar.

At Momentum, we work tirelessly to provide homeowners like you with white-glove customer service and are proud to offer best-in-class products. We take care of everything from custom design, permitting, installation and activation of every system. That means you can sit back and relax while we take care of the entire process.

For more information, please give us a call at 1-888-MOMENTUM.

1 Energy.gov https://www.energy.gov/eere/solar/downloads/solar-homes-sell-premium

2 Berkley Lab https://newscenter.lbl.gov/2015/01/13/berkeley-lab-illuminates-price-premiums-u-s-solar-home-sales/

3 Resource Watch https://blog.resourcewatch.org/2019/05/02/which-countries-use-the-most-fossil-fuels/

 

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