There's a reason why more people are installing solar panels for their homes. According to the SEIA, in the last ten years, the solar industry has experienced an average annual growth rate of 42%. More people are learning about the benefits of solar energy. Here are three reasons why you might consider switching to home solar energy.

Saves Money

This is one of the most significant benefits of home solar energy. Just after installing a home solar system, you will notice a huge dip in your electricity bills. That means you will save a lot of money on monthly electricity costs. According to the power distribution company BYPL, installing a home solar system reduces your dependency on the grid. If you want to reduce your dependency on the grid altogether, you can install an off-grid setup. Apart from saving money, the solar energy you generate can also help to offset your electricity bill. This means by installing solar, you will be essentially turning your home into a power generation plant. Depending on your utility company, you can supply some of the excess energy you generate to the grid and it will be credited to your account.

Increases Property Value

Did you know that homes with solar generally sell for more? Studies show that installing solar on your home increases your property value by 3 to 4%. Solar is one of the most attractive selling points for real estate agents to market your property. As a result, when and if you eventually sell your home, you will recoup more than the cost of installing solar on your home. You will also receive a premium that will increase your ROI significantly.

Works Everywhere

There are enormous solar resources in the United States. In fact, a single hour of the summer sun can generate annual U.S. electricity demand. The majority of states in the U.S. have impressive solar resources. Even areas with a relatively low solar resource can experience significant cost savings. Some of these areas, like the Pacific Northwest and Alaska, have similar solar resources to countries like Germany that have made significant advances in solar energy.

These are just some of the benefits of home solar energy. Perhaps the most intriguing factor about installing solar for your home is the cost savings. You can save a lot of money by reducing your dependence on the grid. Get in touch with us today if you are considering solar panels for your home!