There are several reasons driving homeowners to switch to solar. The most popular reasons rotate around cutting energy costs and safeguarding the environment. Many are aware that solar is a great home upgrade for those trying to reduce their carbon footprint. On the commercial front solar energy is a smart way of raising property value in real estate. You can get your own set from the solar panel company in Cary, NC. Solar energy has several benefits, briefly described are some of the reasons.
Reduces or eliminates electric bills
Electricity costs can ramp up and take a large portion of the monthly expenses whether you are a nonprofit or business. Solar panels stand out as valuable investments generating better yields than the traditional bonds and stocks. Substantial savings on electricity bills will enable you to pay off the solar panel in seven to eight months.
Safeguard on Rising Energy Costs
Among the biggest benefits of solar panels is the reduction in energy. The past decade has seen a drop in electricity prices for residential properties. The prices have risen instead by three percent. Only by investing in solar energy systems can you control your electricity rate and safeguard against unpredictable energy cost hikes. If you are in a fluctuating financial situation, you might as well carefully manage your expenses.
Raises Property Value
Multiple studies show that homes with solar energy systems are highly valued and sell quicker than those without. Industry appraisers’ today solar installations when assessing a home before a sale. Solar fitted homes will fetch a higher price than similar homes within the surroundings. Industry estimates indicate a 4 percent raise. Putting the math into perspective, a standard 6-kilowatt PV system adds 24,000 dollars on the home resale values.
Boosts Energy Independence
The only infinite source of energy is the sun. Most nations globally are trying to limit their carbon footprint and achieve energy independence. Increasing the capacity to generate electricity from the sun insulates most countries from price fluctuations in the global energy market.
Creates jobs that help our local economy Global stats show that the solar industry added jobs twelve times faster than other industries. Based on the new regulations on fossil fuel energy the growth will continue.
Protect the Environment
Solar energy is a smart way of reducing the carbon footprint. Most buildings are responsible for 38 percent of all carbon emissions. Solar energy can significantly reduce that number. A typical solar panel system eliminates over four tons of carbon emissions annually. This can be equated to planting a hundred trees annually.
The Sustainability Angle
The new corporate social responsibility trend centers on investing n sustainable projects that enhance an organization’s values and culture. More communities and consumers recognize and reward businesses that run responsibly. The green credentials are powerful drivers when deciding consumer purchasing preferences.
Increased Employee Morale
Employees too appreciate employers who run their operations responsibly. A growing number of top talent globally have strong convictions on carbon footprint and businesses run sustainable. In that regard, the companies that have adopted clean energy alternatives such as solar energy have lower turnover rates.