As a homeowner, we are constantly looking for ways to maintain or increase the property value of our homes. In the past few years, more and more homeowners have chosen to convert to solar power and have had solar panels installed on their roofs. But is this new transition truly going to catch on? Or is it just the latest trend in homeownership? At Expert Solar, we have helped homeowners all over the Hampton Roads area increase their property value and decrease their dependency on grid power. Let us help you next by explaining the many benefits of solar power and why solar panels installation is quickly taking over.
Are Solar Panels Revolutionizing Electricity?
As more and more businesses and individuals look for ways to solve the climate crisis, solar panels are revolutionizing the way we generate electricity. According to a BP Statistical Review of World Energy in 2020, “approximately 84% of the world’s energy consumption needs are met from fossil fuels.” However, in another study performed by the U.S. Energy Information Administration, the U.S.’s dependency on fossil fuels dropped by 9% in the year 2020. While studies are still being conducted on the reason for this drop, it can be safely assumed that the increase in renewable energy sources has impacted this transition. Similarly, many large and small businesses are choosing to transition to solar energy, and many innovative companies are looking for revolutionary ways to increase the use of solar panels. So, the question now is, why is solar panel energy taking over?
Why Solar Panel Installation is Taking Over
Over the past few years, the number of solar panels in the United States has steadily increased. In fact, a study showed that from 2020 to 2021, the number of solar panels shipped within the United States increased by 25%. There are various reasons why solar energy is taking over in the United States, but many individuals attribute it to the multiple benefits homeowners are now seeing in converting to solar power. These benefits include increased property value, decreased dependence on grid energy, conversion to green energy, and saving money.
Increase Property Value
Prior to the last few years, it was unclear whether or not solar panels would increase the property value of your home. Now, we have evidence that they do, in fact, increase its property value. In fact, an analysis performed by Zillow determined that, on average, solar panels raise a home’s value by 4.1% across the U.S. This is the nationwide average increase, however if you live in states such as California, New York, Texas, Florida, Georgia, or Illinois, the property value can increase by up to 5.4%.
Decreased Energy Dependence
In addition to increasing the overall property value of your home, solar panels allow you to decrease your dependence on grid energy that is powered by fossil fuels. Instead of relying on local power plants, your home generates its own electricity. This also allows you to experience fewer blackouts and ensures your home is still efficient even if storms or extreme weather events occur.
Converting to Green Energy
Individuals can decrease their carbon footprint by converting to solar power and utilizing a greener energy source without relying on fossil fuels. Similarly, in the same study by Zillow, over 80% of homebuyers stated that energy-efficient features are an important factor in their home-buying decisions. This trend of consumers making more conscious and green decisions has been seen in all industries, including the beauty and food industries. If converting to a green energy source is crucial for you, then solar panel installation is the most affordable option for you to explore.
By not relying on grid energy, your monthly electricity bill will be significantly lower—if not nonexistent. This protects you from energy shortages which can lead to exorbitant electricity fees and inflation costs. And while the initial cost of solar panel installation can be high, ultimately, the cost is worth it. Plus, with financing options and the federal solar tax rebate, the sting of that initial investment can be spaced out over a long period of time—decreasing your overall monthly payment.
Solar Panel Installations in Chesapeake, VA
Solar panels are quickly becoming the new normal for homeowners everywhere. This transition to green technology is revolutionizing the way we think about energy and offers a variety of benefits for those who choose to partake in solar power. If you are thinking about purchasing home solar panels in Chesapeake, VA, Expert Solar has you covered. We offer solar panel installation and solar panel financing in Norfolk, Virginia Beach, and Chesapeake. Our team is available to answer any questions you may have and walk you through the process.
Get ahead of the crowd and take advantage of the federal solar tax credit. This incentive is only available until 2024, so don’t wait to get your solar panels! Start the process today and claim your 26% tax credit in 2022. Contact us today to discover just how much this renewable energy source can save you!
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Looking for solar installation services in Virginia Beach, Chesapeake, and Norfolk? Give us a call at 757-988-7777 today! Our experienced team is ready to help you with the Federal Tax Credit and guide you through our low-interest financing option.