1. Solar Provides Clean, Renewable Energy
Solar power is a 100% clean, renewable energy source. It reduces reliance on oil, coal and natural gas for electricity production. These fossil fuels produce harmful emissions that affect the quality of air, water and soil, and are responsible for global warming. It’s estimated that between 2000 and 2065, the Earth will lose more species of plants and animals to extinction than in the previous 65 million years combined. That’s a staggering statistic and one driven significantly by the effects of greenhouse gases from fossil fuels.
In contrast, solar energy produces no pollution. The sun's abundant power offers an unlimited source of energy that does not strip the landscape or harm the ozone layer. Residential solar energy systems represent an investment in the future of the planet, conserving non-renewable energy sources and protecting the environment.
2. Solar Gives You Freedom and Control Over Electricity
U.S. households have experienced a steady increase in both frequency and duration of power outages over the last 15 years, according to research from Lawrence Berkeley National Laboratory. The United States has the highest number of power-outage minutes of any developed nation. Our electricity grid is 100 years old and was not built for today’s vastly increased population and extreme weather events.
3. Solar Can Help You Save on Your Current Utility Bill
If you’re facing rising home energy expenses, home solar panels can offset your costs.
Savings can even accrue on cloudy days, since the sun emits energy through clear and cloudy skies. Solar offers year-round efficiency and savings, even in colder, cloudy climates. Depending on their size, efficiency and orientation relative to the sun, some solar panels actually generate more electricity than your home consumes. This could reduce your monthly electric bill to zero.
In some areas, you may actually qualify for a rebate if your residential solar power system produces excess electricity. Check with your area’s solar power guidelines.
Most utility bills are rising every year. With Sunrun’s solar service plan, customers pay predictable rates for the next 25 years.
4. Solar Qualifies for Tax Breaks
Another factor in the increasing affordability of solar panels is the availability of federal, state and local tax breaks. For exampe, the federal solar tax credit gives you a dollar-for-dollar reduction against your federal income tax. The 30% tax credit applies as long as the home solar system is installed by December 31, 2019. Starting in 2020, the value of the tax credit will step down to 26%, and then again to 22% in 2021. After 2021, the tax credit for residential solar ends.
In addition, purchased residential solar can help with the resale value of your home According to Zillow Economic research, homes with solar-energy systems sold for 4.1% more on average than comparable homes without solar power. For the median-valued home, that translates to an additional $9,274.40.
5. Solar Costs Have Fallen
The cost of solar has dropped dramatically in recent years, falling more than 70% in just the last decade. You’ll save money on maintenance too, since there are no moving parts to break down. In addition, the cost of home solar batteries have dropped substantially as well. The benchmark levelized cost of electricity (LCOE) for lithium-ion batteries has fallen 35% to $187 per megawatt-hour since the first half of 2018, according to research company BloombergNEF (BNEF).