Thinking about where you can invest your money when the market is unpredictable? As sure as the sun rises and sets, installing solar is a solid choice. Choosing solar for your home or business is a great way to ensure that you get a predictable return on your investment through greatly reduced utility bills, an increased value on your property, and most important, an investment in our planet’s future.
Over its Lifetime, Solar Saves Big Money
The federal tax credit is 30% and many states and localities also have tax credits or rebates as well. These incentives can help greatly reduce the initial cost of going solar. Over the course of your solar system’s 30-year lifespan you’ll get reliable energy production that never wavers.
Your system will always produce energy on sunny days. If you produce more than you can use, your utility will credit you for the extra energy so you can use it on cloudy days. For most customers, this results in a dramatic reduction of their monthly utility bill. With electricity prices constantly on the rise over the past decade, and expected to grow another 20% over the next ten years, that return on your investment can only increase.
Solar Increases Your Home Value
Solar investments add 4% to your home value, according to the 2019 Zillow Group Consumer Housing Trends Report. For a $500,000 home, this brings an additional $20,000 in net value on top of your energy savings. This premium makes sense in two ways: first, the home that features upgrades like solar panels, energy-saving lighting, good insulation and Energy Star appliances will cost less to live in every month, and second, it’s an indicator that the home has been well maintained in other ways and is a good find. The study found that more than 80% of home buyers say energy-efficient features are important.
Ipsun customer Dave Kuebrich said, “We recently signed a contract with Ipsun to solarize our home for both economic and environmental reasons. We’re confident we’ll see our dollars come back via lower electric bills and a better resale value. The federal tax credit also helps, especially since it applies to the new shingle roof we installed.”
Solar Brings Security in Uncertain Times
Not only does solar future-proof your investments, but it also gives you literal security in the face of disruptions caused by climate change. In Saxo Bank’s recent quarterly outlook report, Chief Economist Steen Jakobsen said, “For the first time since WWII we sense a shift in which climate and the environment — not growth — will become the priority of governments and their citizens, as shortages of food, clean water and air become existential questions.”
Solar, especially with the addition of a battery backup, checks all the boxes in uncertain times. It not only ensures that the money you’ve invested will bring returns in home value and low monthly bills, but also in your ability to keep the lights on when the grid goes down. Most important, though, this investment means every kilowatt you produce is offsetting carbon emissions and literally fighting climate change. Saving the future for our kids and grandkids? Priceless.
As Keubrich said, “More important for us than the savings is that solar energy helps preserve our planet. We want to practice the golden rule with future generations.”
Bottom line is, it’s a sure bet that tomorrow the sun will rise, and therefore your investment in solar will stay secure. Give our solar experts a shout so they can walk you through exactly how going solar could work for you. Contact us today by calling 866-484-7786 or email info@ipsunsolar.com.
