In most cases, homeowners can save money by going solar. By generating your own electricity, you can reduce or even eliminate your monthly electricity bill. The amount you save will depend on a number of factors, including the size of your solar panel system, your energy usage, and the cost of electricity in your area.
In addition to saving on your electricity bills, installing solar panels on your home can also increase the value of your home. A recent study found that homes with solar panels sold for an average of 4.1% more than homes without solar panels. This means that if you decide to sell your home in the future, you could recoup some or all of your initial investment in your solar panel system.
It’s important to note that there is a cost associated with installing solar panels. However, there are a number of financing options available, including solar loans, that can make solar more affordable for homeowners. Additionally, many states, Like Texas, offer incentives and tax credits for homeowners who install solar panels, further reducing the cost of going solar.
