Is A Residential Solar System Really Worth It?
by Cody McGowan, on Jun 8, 2020 10:16:00 AM
Yes. It is! We’ll Give You 7 Good Reasons Why.
Just because “going green” is important, you shouldn’t throw caution and your money to the wind. Sure – if you have money to burn – go out and buy a Tesla Roadster (available in 2021) with a starting price around $200K. You’d certainly save money on gas, but would it be worth it in the long run?
If you’re money-conscious, you probably like to weigh your options and do your research before buying anything. That’s a very good practice if you’re thinking about installing a residential solar system on your home in Chicago, IL. After all, you want to save energy and money now and into the future. Read more, and we’ll cover 7 good reasons to consider installing a solar panel system.
1. Make Money with Solar!
While you’re saving energy, why not save money too? Owners of a residential solar system can deduct 26% of the cost of the system from their taxes. In other words, the government is literally paying you to install a solar panel. However, that credit is reduced in 2021 to 22%. So, take advantage of it now while you still can.
2. Start Saving from Day 1
Aside from the generous federal tax credit, you’ll also save money through net metering and SRECs (Solar Renewable Energy Credits). That’s where the real savings come in. Month by month, you’ll see a significant drop in your utility bill. And you reap the rewards when the utility company and government pay you back for the solar energy you generate. As soon as your solar system is approved after inspection, switch it on and start saving.
3. Is 30 Years Long Enough?
Most asphalt shingle roofs don’t last that long, but a solar panel system can generate reliable power for three decades or longer. With proper maintenance, your solar system will last a lifetime. That translates to amazing savings and over 300,000 kilowatts hours produced. Summit Solar offers excellent packages that include product and workmanship warranties, so you can get the most life and power out of your new solar panel system.
4. Easy Maintenance
After installing the solar panels, there’s very little you need to do to keep them up and running. In a way, they take care of themselves. It’s ideal to clean the solar panels once or twice a year to avoid dirt and buildup. However, it depends on how much debris falls on your roof. It may be that your home gets regular rainfall, so there’s no need for cleaning. Summit Solar’s panels are black on black and made with premium materials. They hold up under rigorous weather conditions and come with excellent maintenance warranties.
5. Good for Your Roof
When you install a residential solar system, you are essentially getting a new roof as well. The solar panels effectively give your home double protection against wear and tear from the sun, rain, snow, and sleet. The roof underneath your panels practically stays as good as new throughout the years. Before Summit Solar installs your panels, we protect your roof from damage and water leaks. For more information, read our blog here.
6. Celebrate Your Independence
One of the biggest draws of installing solar panels is to become energy independent. While you cannot completely achieve that unless you have a solar battery backup, your home could run solely on solar power when the sun is out. That’s a compelling incentive to invest in solar. When the power goes out, you’re never left in the dark.
7. Increase Your Home’s Value
Would you buy a home that has a fully operational solar power system? Of course, you would! Homes with solar panels are increasingly sought after today. Due to that, homeowners can increase their asking price by over 4% if they have a residential solar system. Having one is not only a wise choice for the money-conscious and energy-minded person but also for someone who plans to sell their home in the future.
Are you convinced yet? If you think solar panels are right for you or you have questions, contact Summit Solar at 888-884-3557 or request a quote. We look forward to hearing from you!