There are many reasons why solar is a smart investment. For starters, a home solar system is the rare home improvement project that actually pays you back over time because you’ll reduce or completely eliminate your electricity bill for decades to come, leaving more cash in your pocket. Those savings add up to thousands of dollars! Additionally, an average solar panel system can provide the equivalent of 8.3% or higher return on investment. That’s higher than long-term returns on other riskier investments like the S&P 500 index or intermediate-term bond funds.
You’re adding a reliable electricity generation system to your home when you go solar, and that solar panel system is an asset that produces a cash savings to the homeowner each and every month for many years to come. Installing solar panels is the home improvement project that actually pays you back – every month and provides a higher home value when you sell your home. That’s why solar is a great choice for so many Tennessee homeowners.
Did you know that electricity production is the #1 source of harmful greenhouse gases? By installing solar panels you can make a positive impact to help the environment. In fact, a typical two-person household can reduce their carbon emissions by three to four tons annually when they go solar. It’s a benefit of solar that doesn’t show up when calculating savings and return on investment; the benefit of knowing we did something to leave our planet a better place for future generations.
We can’t rely only on the government or utility companies to be the primary drivers of positive change, and we are not stuck with rising energy costs. We can take control. When you go solar, you own your energy production, and you’re exercising your power to make positive change for the environment, regardless of what’s happening in Washington. And as energy costs rise, you’re locked in at a lower rate. These are a few more reasons why solar is a great choice for Tennesee homeowners.