Are Solar Panels For Your Home Worth It?

May 25, 2021

For the past 10 years, installing solar panels on your home has become an ever so popular era. Due to the increasing costs of standard electricity bills, a solar PV system has almost become a no brainer for homeowners all across the country. The real question comes with if this type of hefty investment is actually worth it, seeing as a solar installation and system can cost anywhere from $15,000-$20,000.

Before you make any decisions, we’re here to help. Today, we’re sharing three reasons why you should have solar panels for your home and why they are worth it!

Your Monthly Electricity Bill Will Decrease Thanks to Solar Panels

One of the main reasons homeowners will invest in a solar PV system is to help lower their monthly electricity bills. A working and efficient solar panel system will decrease, if not eliminate, any monthly electricity expenses. For this reason alone, residents see a solar installation as a great investment and a way to make a great ROI (return of investment). As of today, solar panel systems have seen a 70 percent decrease over the past ten years, so you could say that homeowners aren’t even blinking an eye when making the decision.

The Government Offers Incentives + Tax Credits

Another appealing factor of going solar is that the government will offer significant incentives for installing a solar PV system as an alternate energy source. An example of an incentive that the government offers to homeowners that install solar is a tax credit. The residential federal tax credit from the government allows taxpayers to claim 26% of installation costs for systems placed in service by December 31, 2020. However, the credit declines to 22% come 2021 and will officially no longer exist come December 31, 2021.

A Solar Panel System Can Increase the Value of Your Home

There’s no doubt that solar has gone from a unique, and hotshot commodity, to an upgrade that millions of Americans are considering as of 2020. In fact, when home buyers are searching for a new home a solar PV system is something they really take into consideration and can expedite the process of selling your home. Many homeowners think that because a system lasts for 25-30 years they shouldn’t get one since they may only want to be in their home for less than that. But the truth is, solar will have your house off the market sooner than you think.

Start Today With Your Solar Panels

Are you ready to look into a solar panel system for your home? As we’ve shown, it is definitely worth it! At Fun in the Sun, we’re here to help, contact us today for more information. For assistance with scheduling and service information, please contact us directly: 407.696.5292, 352.578.1386, or 1.866.381 WARM. You can also click here for a FREE estimate!
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