There’s no doubt that solar energy is an environmentally friendly way to generate electricity for residential and commercial use. In addition to being more sustainable, solar energy savings are significant.
Here are a few ways you’ll notice overall cost savings with solar energy:
- Lower Energy Bills. One of the most significant and noticeable places to see solar energy savings is reducing reliance on traditional sources such as fossil fuels. On average, Floridians spend a little over $200 monthly on electricity or about $2,500 annually. With solar energy, you generate electricity, reducing the need to purchase electricity to minimum billing.
- Net Metering. These programs allow homeowners to receive credit for excess energy generated by their solar panels. This credit can offset your energy costs, leading to additional savings on your energy bills.
- Tax Credits. Locally, solar value is property tax-free. State-wide, solar is sales tax-free. The Inflation Reduction Act gives you up to a 30% income tax credit for purchasing and installing residential solar, batteries, and electric water heating.
- Increased Residential Market Value. Solar panels can also increase the value of your property, leading to a higher resale value when you decide to sell in the future. According to the most recent study from UC Berkeley, solar increases property value by about 4%. Real estate agents and home appraisers have found that $30 electric bills are viewed favorably by potential buyers.
At 3 Guys Solar, LLC, we work with top solar energy manufacturers, and our experienced technicians will ensure your system performs at peak proficiency. Call us today to take the first step to realize solar energy financial independence every month.