Solar power has emerged as an important sustainable energy source as the world tries to avoid using fossil fuels that harm the planet. Now, more homeowners opt for solar panels that help them use less electricity. According to Pew Research Center, the number of residential power installations in the U.S. grew by 34% from 2020 to 2021. Here are five significant benefits of solar panel installation.

1. Lower Energy Bills

When you work with solar companies to install solar panels, you'll enjoy lower utility bills. This is one of the main reasons so many homeowners have switched. According to USAFacts, the number of homes nationwide with solar panels has increased by about 32% each year since 2005.

2. Greener Energy

We all know that fossil fuels are slowly damaging the planet. We've all heard of climate change and how reducing our dependence on fossil fuels can help the environment. Solar power allows you to lessen the carbon footprint you leave behind. When we all do our part, it makes a big difference.

3. Independent Energy

Energy independence is another substantial reason homeowners are flocking to solar companies. The power grid continues to grow more outdated as time passes. We see annual power outages from heat waves, severe storms, and harsh winter weather. Homeowners with solar power can enjoy electricity when the power is out everywhere else.

4. High Property Value

Solar panels make your home worth more. Homeowners who plan on selling can recoup a portion of the solar panels cost when they sell their house, thanks to the fantastic return on investment, according to MarketWatch. Potential buyers who want solar power are typically willing to pay more. The increased perceived value can also lead to a price increase when it's time to sell.

5. Financial Incentives

Making money from producing excess energy is not the only financial incentive. Many states offer financial incentives and rebates to encourage homeowners to work with solar companies. You may get a tax rebate or qualify for free solar panel installation. The federal government continues to offer tax rebates for homeowners who install solar panels. Research your state to see if tax rebates or other financial incentives are available for you.

We understand the importance of going green. Our experienced professionals can answer any questions you have about solar panels. Contact ObviSun today to receive more information or get started with our services.