If the prospect of significantly reducing both your living expenses and your carbon footprint sounds appealing to you, you’re not alone. Each and every year, tens of thousands of Americans turn that dream into a reality by switching to solar power.
Here are just a few of the concrete benefits that solar energy offers:
Lower your energy bill
One of the primary reasons why people invest in solar panels is to reduce their energy bill. In fact, here in Utah, the average solar-powered home saves its users over $1000 dollars annually. The long term return on investment (ROI) for solar panels is actually high enough that some experts argue that purchasing solar panels can be a safer and more profitable option that the S&P 500!
In addition to providing sustainable financial benefits, solar power offers the potential for long-term environmental sustainability. By converting an abundantly available and perfectly clean source of energy into usable electricity, solar power offers the potential to significantly reduce your carbon footprint and contribute to a greener tomorrow.
Receive a tax break
Installing solar panels qualifies you for a number of tax rebates, incentives and grants. Your total tax savings will depend on a number of factors such as the value of your home and the city and state in which you live. For Utah residents, important tax policies to be aware of include the Federal Corporate Tax Credit, the Federal Residential Tax Credit, the State Personal Tax Credit, the State Corporate Tax Credit, and the Federal Corporate Depreciation Rebate. Certain solar panel companies, such as Synergy Power, will even help you with the paperwork needed to obtain these benefits.
Attain energy security and independence
Owning your own source of energy offers stability: you will no longer be beholden to raising energy prices or changes in government policy.
Put your values into action
Installing solar panels is a great way to show your support for environmental sustainability. This can help inspire other to do the same. For businesses, the benefits are even more tangible: customers tend to favor companies that work hard to make a difference in the world around them.
Increase your property value
It has been well-document that pragmatic home improvements tend to add far more value than cosmetic ones. Solar panels are an excellent example of this: studies estimate that, on average, adding solar panels can increase your home value by roughly $15,000.
Request a bid today!
The price of installing solar panels is lower now than it ever has been in the past--but the only way you can know for certain whether solar panels will make a good investment for you is to get a quote. Synergy Energy is a Utah-based company specializing in solar power for nearly two decades. Get in touch today for a cost and obligation-free price estimation, as well as a complimentary consultation!