How does Solar Energy Save Money?

When you see the initial cost of switching to solar power, you might be skeptical about the idea that it saves you money. The truth is that the initial investment of solar panels pays for itself over time, and the environmental benefits are worth giving solar energy a second glance. Kosmos Solar is passionate about educating you on renewable energy, so we’ve made a list of three different ways solar energy saves you money. If you’re interested in making the switch to solar power, visit our website for a free quote.
Cut or Eliminate Your Electric Bill
Depending on your average energy consumption and the amount of panels you can have for your home, you could drastically reduce or even completely eliminate your electric bill. Electricity is one of the biggest monthly expenses for most American households, and years of not having to pay for electricity will quickly make up for the initial installation cost. Even if you can’t become completely energy independent, you’ll be able to save money by cutting your spending and only relying on your local energy grid when you need it. With batteries and backup generators becoming more advanced, it’s becoming easier than ever to gain complete independence from your energy grid and get rid of your electric bill.
Tax Incentives
The U.S. Government, as well as some state governments, may offer tax incentives to any commercial or residential business owner who invests in their own solar power system. This incentive used to be as high as a 26% break, though it’ll fall to 22% by the end of 2020. These breaks exist to help offset the initial cost of solar energy, making it possible for more homeowners to embrace solar energy.
A Smart Investment
Solar energy is a great investment to make for a number of reasons. Solar panels add equity to your home, especially in states that favor renewable energy. You’ll also be able to invest in the growing solar industry and help local solar companies grow. Solar has become more affordable in recent years, while the price of nuclear energy isn’t dropping at all. With all the recent advancements in the solar industry, newer and better technology is always in the works. Solar panels are also very long-lasting and don’t require very much maintenance. If you treat your solar panels right, they’ll serve you for years to come. Switching to solar energy might even encourage others in your neighborhood to do the same, which all helps contribute to a greener future for our planet.
Make the Switch With Kosmos Solar
If you want to reduce or eliminate your electric bill, counteract your energy footprint, add value to your home and become partially or completely energy independent, it’s time to think about switching to solar energy. Kosmos Solar is dedicated to making your transition to solar power as smooth as possible, and our licensed solar technicians will give you a great installation that lasts. If you want to make the switch to solar energy, do it right with Kosmos Solar. Call or visit our website for a free quote on our services!