The idea of going green has become a popular one in recent years. Indeed, recycling and doing other things can help the environment. However, there are certain things you can do that will help save energy, and help your wallet. The following information, and accompanying infographic, will show you why going solar is a great decision.
Can I Really Save Money With Solar Panels?
You may not realize it. But, according to NerdWallet, solar panels can now be viewed as a no-brainer. After all, the rising costs of electricity, and the lower costs (over the years) of solar panel installation would make anyone think about it more. But, let’s take a closer look.
Since solar panels generate their own power, they can often offset your electric bill. While it may depend on your location (since different areas offer different weather), you need to consider location as a key factor.
Also, consider the installation costs, and incentives. As you’ll see from the infographic, states like California, and Maryland offer great benefits. Tax incentives, and lower energy costs (compared to using electricity) are just two great ways to save money. However, Washington’s rainy weather, and Oklahoma’s lack of incentives make these states less of a bargain.
Why Go Solar?
Indeed, according to CNBC, many people are realizing the benefits of solar panels. One such customer, Pat Kennell, said he lowered his costs from 20 cents per kilowatt to just 13. He was also able to receive financial assistance with installation. While that might not always be the case, you will be able to offset the potentially high installation costs with the significant reduction in your energy bill in the long run.
Many people in the country have realized the benefits of solar panels – whether it’s to help the environment, save money, or both. In fact, by 2020, estimates suggest a growth of anywhere between 20 to 30 percent. In financial terms, the market could reach $6 billion.
Going solar definitely has its advantages. While some people are skeptical of the high installation costs, there is no denying the multiple benefits. The panels use less electricity, so your energy bill is also reduced. In addition, the interest, and increase in the market, could reduce costs even more in coming years. So, what are you waiting for. It really is a win-win-win situation.