Five Reasons Home Solar is a no brainer

Considering installing home solar panels and a home battery? Solar panels and home batteries are now more resilient, efficient, accessible, and most importantly more affordable than ever.

You can go solar for as little as $0 down and reap the benefits of solar energy!

Five Reasons Home solar and batteries are the right choice

1. Gives you control over your electricity

Owning home solar panels offer freedom from utility companies with more predictable electric bills. Freedom from utility companies means no peak electricity rates and peace of mind knowing that your home has its own electricity storage and generation in the event of power grids going down.

Across the US, electricity costs have risen by 15% over the past ten years. This is a trend that is likely to continue as more and more of society transfers from fossil fuels to renewable fuels. Solar power offers low and predictable rates that are typically less expensive than your current electricity company. You can expect, on average, to pay less for power when you go solar.

n some areas, solar-powered batteries can also buffer you from peak electric rates, or Time-of-Use (TOU) rates. These rates are set by your local electric company, and vary by time of day: Electricity is more expensive during periods of peak demand and less expensive during low demand periods. With a rechargeable home solar and battery system, you can avoid the most expensive rates under a TOU rate structure while further optimizing your energy savings.

2. Provides clean, renewable energy

Solar power is a clean, emissions-free, and renewable energy source. While fossil fuels like coal and natural gas release harmful pollutants-such as carbon dioxide-into the air and water supply.

By decreasing air pollution, solar power can prevent $167 billion in health and environmental damages, as well as save more than 25,000 lives. In

Home solar’s potential is immense. If we gathered all solar energy produced on the planet over one hour, we could power the world for a year! When you reduce your carbon footprint, you’ll help to eliminate harmful emissions from burning fossil fuels. Renewable energy technologies are the key to a cleaner and brighter future for all.

3. Increases Home Value

Adding solar panels increases the value of your home! According to money.com, Across the U.S., solar panels raise a home’s value by an average of 4.1%. That means a home valued at $500,000 will, on average, gain $20,500 in overall value.

Specific numbers vary between each installation and property, however recent studies conducted by Cost Of Solar, show an average increase in resale value between $4,020 and $5,911 for each kilowatt of solar panels installed.

The price of an average rooftop solar installation and battery is generally recouped in the home’s sale price. Besides, homes that purchase solar are also rewarded with lower energy bills and tax incentives that lower the cost of the system multiple times over the span you live in your home.

Solar-powered homes also spend a much shorter amount of time on the market than without. In a recent study, solar.com found that homes with solar installations sell 20% faster than homes without solar power.

The numbers really do tell the story here: Installing home solar panels is a sound investment. No matter if you are upgrading your home for sale or making your forever home, there is no reason not to go solar!

4. Qualifies for tax breaks and cash incentives

Many people choose to purchase solar and batteries through a third party, allowing them to reap all the benefits of solar energy for a low, monthly rate. Based on where you live, you can cover a substantial portion of the cost of your solar PV system and may even pay it back in a fairly short amount of time thanks to the federal solar tax credit, local rebates, net metering, and more.

SREC

Solar renewable energy credits, or SRECs, can help solar system owners to earn a return on solar. Some states have a Renewable Portfolio Standard (RPS), which requires electric companies to receive a portion of their power through renewable resources. To meet the RPS standards, electric companies buy solar credits from home solar energy systems. Those who own a solar power system can sell SRECs through an aggregator like SRECTrade, which will bundle up their SRECs and sell them back to electric companies.

Net Metering

Whenever someone’s solar power system produces excess electricity, it is sent back to the grid and electric companies are forced to buy that energy from you. People who sell their extra energy to the electric company have the amount they sold back go towards paying for their electricity. They can also draw on these credits at night when energy consumption is greater than energy creation, such as days with heavy overcast or at night.

Federal Investment Tax Credit (ITC)

As of 2020, those who own or purchase a solar energy system will be eligible for the federal tax credit if you buy your own solar system outright. The tax credit can reduce the cost of a solar installation by 26%, which includes a solar battery purchase.

The federal solar tax credit is scheduled to drop to 22% in 2021. After 2021, the credit is scheduled to be phased out. That’s why the best time to go solar is now!

State Tax Credits and Cash Rebates

In addition to the federal ITC, states and cities may also provide incentives to even further reduce the cost of going solar. The possible solar tax credit size will vary from state to state. Visit the Database of State Incentives for Renewables & Efficiency (DSRE) to find tax credits and rebates in your area.

Performance-Based Incentives (PBIs)

Your state or electric company may also have performance-based incentives, or PBIs. A PBI pays you credits for the electricity your solar system produces. The incentive rate is determined once your system is installed. Rather than paying you upfront, a PBI is based on your solar system’s electricity production over a period of time.

Tax Exemptions

Your state may also offer property or sales tax exemptions. Households understand the value of property tax exemptions. Purchased solar systems may increase the value of your home by up to $15,000 on average, so you’ll get even more bang for your buck if you decide to move. Depending on the sales tax rate in your state, a sales tax exemption could result in considerable savings if you purchase your solar system.

5. Costs have fallen

The cost of solar systems has dramatically dropped in recent years. According to research done by SEIA, the cost of home solar has fallen more than 70% in just the last decade.

Despite falling costs, out-of-pocket expenses can add up. That’s why Sun Home 360 offers $0 in upfront costs to make renewable energy accessible and affordable to all. There’s no question that clean energy sources like home solar are what we need to keep the air clean, enjoy reliable power, and protect our communities.

Where is Sun Home 360?

Sun Home 360 has thousands of customers powering their homes with renewable energy each month. Locate solar services in your state.

Battery Storage

Solar batteries make storing and managing clean affordable solar energy simple and easy.

Solar Education

Learn how to go solar simply with Sunrun’s solar education center, including articles, videos & FAQs.

Cost of Solar

As electricity rates are rising the cost of solar panels has never been lower. Switch to home solar and save with Sun Home 360.

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Five Reasons Home Solar is a no brainer​