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Are you interested in solar energy independence? Many people are switching to solar power at home, and there are plenty of reasons to do so. Still, choosing to switch to solar power is a big one.
Solar energy independence is now a reasonable goal: solar panel systems are affordable, in terms of installation costs, energy savings, and return on investment.
You might be wondering about the cost, solar energy independence pricing, and home value after you make this decision. Keep reading to learn everything you need to know about the cost of solar energy.
The Price Range of Solar Energy
The prices for solar panels and the home value can vary greatly depending on the area that you live in. In some cases, the cost of solar energy independence can be higher than the cost of a traditional home.
Solar systems typically range in price from $10,000 to $20,000 before claiming any rebates or tax incentives. The cost of solar panels has been decreasing over time, but the installation cost is still high for many homeowners.
Solar leases typically have no up-front costs, and you may even get a fixed rate for the electricity that the system generates. You can generally have huge electric bill savings.
How Solar Energy Affects Home Value
Solar energy independence can increase the value of a home. Homes with solar panels tend to sell for a higher price than homes without them.
The cost of solar energy independence is something that should be considered when deciding to go solar.
If you still have questions before going solar, check out the Blue Raven blog to learn more.
Solar Energy as an Investment
Technology improvements and mass production have driven up the cost of solar energy, independence prices, and home value. Solar energy is now one of the most affordable investments with a payback period of 4-12 years.
Solar systems have a lifespan of 25-40 years, providing free energy and increasing the value of your home. The average price of a solar panel has decreased by 60% over the last 10 years.
How Solar Energy Affects Homeowners
Installing solar panels in your home can decrease your energy bills and your reliance on the grid, but it also comes with a hefty up-front cost.
The average residential solar system size is 6 kilowatts (kW), and the average cost of installation is $17,056 after claiming the federal solar tax credit, according to Energy Sage.
But having solar power can increase your home investment and will have good value in the future.
The Value of Knowing the Cost of Solar Energy
The value of solar energy independence prices and home values are dropping, which makes solar power an enticing investment for the future.
The cost of solar energy provides a number of benefits including reduced dependence on fossil fuels, lower greenhouse gas emissions, and increased energy security.
These factors make solar power an increasingly attractive option for those looking to invest in renewable energy.
By following these easy guides, you can finally know the cost of solar energy. Get started today!
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