Solar panels continue to become more widespread, and residential use has emerged as a sustainable alternative to other energy options, such as natural gas and coal. Solar panels make it possible to harness the sun’s power by generating electricity that can help to power homes, businesses and, in some cases, even entire communities. However, the benefits of solar energy extend far beyond just being a renewable energy source, as it can be an excellent way to save money.
One of the most significant advantages of solar energy is the ability to reduce your reliance on grid power. In other words, by installing solar panels on your property, you can generate your own electricity and consume less energy from the power grid. Over time, this helps to lower your electricity bill and allows you to save a lot of money.
An added benefit of using solar energy is that it has become much more affordable for homeowners and businesses due to advances in technology. Investing in solar panels isn’t just an eco-friendly solution; it can also lead to substantial cost savings. Solar energy is a smart financial decision in the long run, as you will be able to reduce utility costs while enjoying a sustainable and renewable energy source.
Variety of Financing Options
Numerous financing options are often available to make “going solar” even more affordable. For example, many installers, like GVEC, offer financing plans that allow you to pay for solar panel and battery storage systems over time. These financing options make it possible for you to start enjoying the benefits of solar energy without having to pay a large lump sum upfront.
Federal Tax Credit
The federal government also offers a tax credit for homeowners who install solar panels. The Investment Tax Credit (ITC) allows homeowners to deduct 30% of the total costs of installing a solar panel system from their federal taxes. This includes the cost of battery storage systems as well. Using this tax credit can significantly reduce the overall cost of being able to take advantage of renewable energy, making it a more affordable option for homeowners. This tax credit is available through 2023.
Increase the Value of Home
Installing solar panels for your house is also an easy way to boost the value of your home. Solar panels that help to power your home are an excellent selling point, and they can often increase interest in potential buyers. This can make your house much more attractive to other people who are interested in solar power if you ever choose to sell it.
Designed to Last for Decades
Solar panels are often designed to last for decades, with many manufacturers offering output warranties of up to 25 years or more. Solar panels are an excellent option if you are searching for a reliable and low-maintenance energy source.
Constantly performing maintenance is never a fun experience. However, a benefit of installing solar panels is that they only require a minimal amount of maintenance. You don’t have to deal with any moving parts, so there’s no need to lubricate or replace components. Additionally, GVEC offers a solar maintenance program to make keeping your system in efficient working condition easy.
GVEC Solar Services offers solar installation, repair and maintenance services for customers in South Central Texas. Our company also specializes in solar design and battery storage services, as well as electrician, internet, and heating and cooling services. Our experienced team is happy to answer all of your questions and discuss the many ways solar panels and battery storage can save you money. Feel free to contact GVEC Solar Services by giving us a phone call today to learn more about solar installation for your home or business.