Solar panels are an expensive investment for homeowners. It can be hard for homeowners to stomach paying thousands of dollars upfront for a solar system. However, installing solar panels can save homeowners thousands over the system’s lifetime.
As a solar panel installer, it’s crucial for you to highlight the benefits of solar panels to your customers.
In this blog post, we’ve broken down the benefits of solar panels for you. Bookmark this guide and use it as a reference the next time you need to quickly review the benefits of solar panels with a customer. Let’s jump in.
Why Homeowners Should Install Solar Panels
Solar Panel Tax Credit
In the U.S., homeowners who install solar panels can receive a tax credit on their purchase.
Solar panel systems installed between 2022 and 2032 are eligible for a 30% tax credit with no maximum limit. This credit is set to expire in 2035 unless Congress renews it before then.
For example, if your customer pays $15,000 to have solar panels installed this year, they can get a $4,500 tax credit. This tax credit can be a huge determining factor for homeowners who are on the fence about solar panels.
This federal tax credit acts as a discount on their solar panel installation, considering they’ll get 30% of what they paid back! Some states and counties offer additional solar panel incentives as well. See if your state provides any local solar panel incentives here.
We recommend encouraging your customers to seek professional tax advice from an accountant on their individual tax situation.
Cost Effective
There are several ways solar panels can save homeowners money. For example, solar panels:
- Are energy-efficient
- Lower electricity bills
- Have a low maintenance cost
- Have great longevity
- Can raise the value of a home
Solar panels save homeowners about $1,432 annually in energy bills, on average. A solar panel system’s lifespan is between 20 and 40 years, so the system won’t need to be replaced very often. Additionally, solar panel maintenance costs $400 on average annually.
In estimated cost savings, the system pays for itself long before the end of its life. The money solar panels can save homeowners varies depending on where they live, energy usage, and average sun exposure in the area.
Increased Home Value
Not only can a solar panel system save homeowners money in the long term, but it can also help raise the value of their homes. Solar panels have been shown to increase the value of a home by an average of 4.1%, according to Zillow.
Environmentally Friendly
If your customer is looking to reduce their carbon footprint, solar panels are a great first step. Solar panel systems are much better for the environment than conventional energy sources.
Solar panels harness the sun’s energy and use that energy to power your customers’ homes. This means solar panels are a renewable source of energy, unlike fossil fuels, which are a limited resource.
Solar energy produces electricity without emitting greenhouse gases like carbon dioxide, nitrous oxide, or carbon dioxide into the atmosphere. This type of sustainable energy is better for the environment and helps conserve resources.
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