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What are the Benefits of Solar Energy?

Rooftop solar panel system in a sunny neighborhood in Illinois.
Midwest Solutions Inc. solar installation in Illinois.

Residential solar power is becoming increasingly popular, as it not only makes the electric grid more reliable but also helps home and business owners save money and enhance the value of their homes.

Here, we will emphasize just five of the variety of benefits of solar energy:

1. Solar energy can save you money by reducing your electricity bill.

Solar power generated by sunlight can lower or eliminate electricity bills and protect you from rising grid power costs. It's like having an insurance policy against future electric rate hikes.

Additionally, solar systems have low maintenance and fuel costs because they use sunlight. They also generate power at home, so you don't need expensive transmission infrastructure.

2. By going solar, you will enhance the value of your home.

It has been proven that installing solar panels can significantly benefit homeowners. Not only can it help reduce energy costs and lower carbon emissions, but it can also increase the value of your property. According to National Renewable Energy Laboratory (NREL), your home value could potentially increase by $20 for every dollar you save on energy bills. If you save $700 a year on energy bills, your home value could substantially increase by $14,000. In addition, according to Zillow, in 2021, 67% of homebuyers consider energy efficiency an important factor when buying a home, leading to higher sale prices for sellers.

There's no doubt that solar is a wise investment. The future will only become more energy efficient, so why not get a head start?

“I’d put my money on the sun and solar energy. What a source of power! I hope we don’t have to wait until oil and coal run out before we tackle that.” -Thomas Edison

3. Federal Tax Incentives can significantly reduce the cost of your solar panel system.

The federal solar tax credit (Incentive Tax Credit) is a tax credit that can be claimed on federal income taxes for a percentage of the cost of a solar PV system paid for by the taxpayer. This can also be combined with incentives offered by your state. The Homeowner's Guide to Federal Tax Credit for Solar Photovoltaics illustrates the details behind the tax credit and additional qualification information.

4. Solar energy promotes a more reliable grid for all.

Investing in renewable energy sources is a crucial step toward a brighter future. By harnessing wind and solar power, we can create a more sustainable and cost-effective energy market that benefits millions of American households and businesses. Moreover, with the added benefit of battery storage, we can ensure a more consistent and reliable energy grid.

Together we can create a cleaner, brighter future.

5. Solar energy is highly beneficial to the environment.

Choosing solar energy over fossil fuels can significantly reduce greenhouse gas emissions and air pollutants, thus promoting an overall healthier planet. In addition, renewable energy sources are freely available and don't produce harmful emissions.

By making this choice, you are taking a positive step towards reducing your carbon footprint and contributing to a more sustainable future.

Solar energy provides an abundance of advantages for both individuals and the environment.

The adoption of residential solar power is rapidly increasing due to its numerous benefits. Homeowners and business owners are experiencing substantial savings, boosting their property values, cleaning up the environment, and enhancing the electric grid's reliability.

Don't miss the opportunity to learn how solar energy can positively impact your life. Schedule a free energy consultation today to gain valuable insights tailored to your needs.

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