3. Your Home Value Will Increase
Even if you are not currently under the impression that you will want to sell your home in the near future, the value of your home is something you will always want to improve upon. By adding solar panels and adding the ability to go off of the grid, you can add a substantial amount of value to your property.
In fact, according to the Lawrence Berkeley National Laboratory from the U.S. Department of Energy, homes that have gone off the grid with the use of solar panels can see an increase in value by as much as $17,000. The exact amount of your property value increase will depend on the region you live in.
Beyond the monetary value that will be added to your home when you install solar panels, your home will simply become more desirable to potential buyers should you decide to sell it later in the future. Solar power is something that many people are interested in but many fail to find out just how easy it is to get set up. When they see that your home already has a solar power system in place, they may just want to place an offer on your home instead of any others.
4. You Can Get Incentives To Do So
Make sure that you are saving all receipts and documentation regarding the installation of your solar panels. The reason for the record keeping is because you may be able to get a credit on your yearly income taxes for this improvement to your property. They give the tax credit as encouragement for more and more people to be proactive when it comes to protecting the environment.
According to energy.gov, the exact amount of the tax break that you will receive will depend on a few different factors, including what year it is installed. This is something that you will want to discuss in more detail with your tax specialist.
You Can Sell Some Energy Back
You can not only get your home off of the grid, but you can send some of the excess energy your panels create back to the grid. Why is that something you would want to do? First, it helps the environment because this is less energy that has to be produced in a manner that increases the carbon footprint left behind.
Also, many power companies will purchase this energy so it can be a money-making venture for many homeowners. There may be a cap on how much solar power you can sell to the electric company and the amount that they will be willing to pay may vary from one electric company to the next. However, it is worth giving them a call to inquire about it.
While there are certainly many more benefits that come from the use of solar panels, you should now be able to see why it is something that should warrant more of your attention. The best thing to do now is to get in touch with a company that sells solar power kits. The sooner you make that phone call, the sooner your kit will be delivered and the sooner it will be up and running.