Solar energy has been around for decades, so why is it suddenly a hot topic for homeowners? Like many market trends, the answer can be found in your wallet.
Recent breakthroughs in solar cell design and manufacturing have taken solar panels out of the realm of environmental enthusiasts and made them not just an affordable option, but a smart energy-saving choice for the future. Why? See our top four reasons below.
1. Lower your energy bills every month.
The more solar energy you collect, the less you’ll need to buy from your utility company. That can make a real difference on your energy bill, but does that balance the cost of the solar panels? To calculate your long-term savings, take a look at the cost of the installed panels, their estimated annual output and the length of time you intend to stay in your home. You may find that solar panels pay for themselves in energy savings in as soon as a few years.
2. Protect yourself against rising energy prices.
As energy costs rise, the power your system produces from the sun increases in value.
3. Reduce your carbon footprint.
Solar energy is non-polluting and may reduce your home’s dependency on energy produced from burning coal.
4. Boost your home value.
Recent research by the U.S. Department of Energy’s Lawrence Berkeley National Laboratory reveals that installing a 3.1kW residential solar energy system increases a California home’s value by an average of $17,000 over comparable non-solar homes. Your energy savings and property value enhancements will vary depending on your climate and market, but solar panels could help your home stand out if you decide to sell it down the road.
If you’ve been thinking of installing solar panels on your house or investing in other energy-saving home improvements like low-e windows, a new HVAC system or better insulation, you might want to consider the advantages of buying a new Richmond American home. Rates and home prices are at remarkable lows, making it a great time to buy a home built with the latest innovations in energy conservation already in place. Ask about our solar options in Arizona, California, Colorado, Nevada and Washington, or start browsing new homes now »