Solar Energy: The Benefits & If It’s Worth It for Your Home

Soaring energy prices are a significant burden on people and directly affect their daily quality of life. As the cost of energy continues to rise, people are searching for ways to combat these costs and the dramatic impact on their finances. An increasingly popular solution to this problem is home solar energy. According to the International Energy Agency, global renewable electricity capacity is forecast to rise more than 60% by 2026 from 2020 levels.

Benefits of Solar Energy

Some of the benefits of home solar energy include the following:

Reduce or Eliminate Your Energy Bill

You will meet some of your energy needs with the free power your home solar energy system generates, thereby reducing or even eliminating your energy bill. The amount of savings is determined by various factors, including the size of your solar panel system and your electricity usage. There is also the possibility to receive payments for the surplus energy you generate and export back to the grid.

Avoid Rising Energy Costs

The cost of energy continues to increase yearly. By investing in a solar energy system, you can set the price you pay for energy now to secure against future electricity cost increases.

Earn Tax Credits

The federal government enacted the solar Investment Tax Credit to incentivize homeowners to install solar energy systems. The ITC provides a 30% tax credit for systems installed in 2022 and a 22% tax credit for those installed in 2023. Currently, this tax credit is set to expire in 2024.

Improve the Value of Your Home

A home solar energy system not only saves you money on your energy bill and in tax credits, but it also increases the value of your home. The exact amount of increase in home value will vary from home to home; however, in 2018, the average home value increase equated to 4.1%.

Return on Investment

Home solar energy is an excellent investment and can yield an average of a 20% return on investment over your system’s 25+ years life span.

Reduce Carbon Emissions With Renewable Clean Power

Solar power is the cleanest energy source available. Sun shines onto solar panels comprised of photovoltaic cells, which convert the sunlight into energy. This process provides a more sustainable energy solution as it utilizes the greatest energy resource on the planet, sunlight.

Kris Konstruction Solar Solutions

Kris Konstruction has been the trusted local roofing company for over 30 years and has installed thousands of roofs across MD, VA, PA, DE, NJ, and FL. We offer solar panel energy solutions designed to meet the needs of your particular roof and geographic location to help you obtain the maximum benefit of a home solar system.

As a result of the ITC, better technology, reduced costs, and increased demand for renewable, sustainable energy sources, the time has never been better to go solar. Contact Kris Konstruction today at 877-638-1803 to receive a FREE roof inspection and solar system estimate.