A simple renovation can increase the value of your home by thousands – and lower your electricity bill

Solar panels are currently on the rise and for homeowners, installing them can provide brighter days while saving money and increasing the value of your home.

What is the whole trend in solar modules?

As clean energy like solar becomes more affordable and there are more ways to access it, more and more people are turning to roof panels, solar shingles, community solar programs and even balcony systems to increase the value of their property and reduce their monthly bills and environmental impact.

According to Forbes, solar panels take five to 10 years to pay for themselves, but over their lifetime they can save you between $25,500 and $33,000 in electricity costs. Aside from the monthly savings on your energy bills, a 2019 study by Zillow found that installing solar panels increases the purchase price of a home by over 4.1% on average.

In addition to the personal benefits for renters and homeowners, switching to solar energy protects the environment from thousands of kilograms of climate-damaging pollutants every year.

Why is it important to know the details?

The benefits of solar panels are clear, but they can be costly to install and maintain. According to Forbes, residential solar panels cost an average of $16,000, so it’s important to know the details to make sure you install the right kind to get the most benefit.

If the upfront costs seem daunting, it’s also important to know what rebates are available for these green upgrades under the Inflation Reduction Act and how to make the most of them.

How to prepare for the installation of solar panels

Solar energy is one of the best ways to save on energy costs and reduce pollution. Whether you own a home, rent an apartment, or live in a condo or townhouse, depending on the whim of a homeowners association, with all the current advancements, there is surely a solution that can work for you.

If you’re convinced of the power of the sun but don’t know where to start, there are people working hard to help you every step of the way. For example, SaveOnEnergy’s free tool can show you how much you can save with solar power and allows you to compare quotes from solar installers.

With companies like this, solar energy and homeownership can walk hand in hand on the sunny side of the street.

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