Solar Electric Panels
Put yourself in a home buyer’s shoes for just a moment. If someone who was trying to sell their home told you that (1) you would never have to pay energy bills, (2) you could flip the home for even more money, and (3) you could make money by selling the home’s spare energy, you would probably be very interested in buying the home. While most homeowners do not buy solar panels intending to immediately sell their homes, it becomes a great selling point down the line.
Quality mono-silicon solar panels are guaranteed to work at their highest efficiency for at least 25 years. They typically come with a warranty for 25 years, and are well-known for working at a high-efficiency even after that point. These days solar electric panels can be paid off in approximately 8 to 10 years depending on the company that you work with and the system that you choose. So while you may not buy solar panels intending to immediately sell your home, it is an important consideration if you believe that you may sell your home in 10, 15, or even 20 years. Along with this, statistics show that solar panels actually increase home value by up to 20 percent.
McGraw Hill conducted a study which showed a growing trend in the way that home buyers select homes. More than ever home buyers are seeking out green homes. They are also willing to pay substantially more for a green and energy-efficient home. The McGraw Hill study showed that, on average, home buyers have been willing to pay approximately $18,000 more for a green home.
Fixed energy rates are another perk for homeowners and potential home buyers. Once solar panels are installed your energy rates become fixed for at least 25 years. This means that you, and your potential home buyers, will not be subjected to rising energy rates, taxes, and hidden fees from electric companies. And we all know that energy rates and the price of coal will continue to be on the rise.
All of these things are significant incentive for homeowners to invest in solar electric panels. Not to mention the financial incentives and long-term financial benefits. Currently, there are federal rebates which can pay for up to 30 percent of the cost of solar panels. This is a significant reduction in the initial cost. In addition to this, there are other utility and state rebates which can also reduce the initial cost.
