Skip to main content

Top 5 Financial Benefits of Solar-Powered Houses


We all get it: it's important to think about our carbon footprint.

But so many options for reducing it seem to stress our pockets as well. A solar power system might not be free, or even cheap. But it could actually cut your costs ... as well as help the planet.

Intrigued? Read on for the top five financial benefits of solar-powered houses.

1. Cuts or Eliminates Power Bills

Let's start with the obvious reason for installing a solar power system: reduced home energy bills.

If you own your panels and get the size right, you should be comfortably able to generate enough power to eliminate your electricity bill. Plus, if you generate excess power, you will likely be able to sell this back to your local utility company.

2. Government Tax Breaks for Solar Power System Installation

Currently, the federal government is supporting homeowners who install solar power systems. This is known as the federal residential solar energy credit.

Using this tax credit, you can claim a percentage of the installation cost of a solar photovoltaic (PV) system against your federal income tax.

For 2021, you can claim 26% on systems completely installed during the tax year. This will continue at the same level for 2022 but will drop to 22% for 2023. So now's the time to take advantage of this tax break!

3. Increased Property Value

Some homeowners have put off installing solar power systems because it can take years for them to pay back the initial investment.

Now buyers are increasingly conscious both of their carbon footprint and monthly outgoings. This means solar-powered houses are more popular than ever!

In some states, it can boost property values by as much as 9.9%. That could more than cover the cost of the initial outlay, in many cases.

4. Warranties Reduce Financial Concerns

A reputable solar installation company like Blue Raven Solar offers 25-year warranties on the panels they install. You take care of keeping them clean, and they'll take care of any other maintenance needed along the way.

With proper care, there's no reason why solar panels can't go on for 40 years and longer.

5. No Large Upfront Payments Needed

If you like the idea of solar-powered houses but are not in a position to make the upfront payment, it's still possible for you. 

Rather than leasing your panels and ending up never owning them, modern solar financing packages give you the best of both worlds. No hefty upfront payments, federal tax incentives, and you get to own your solar power system at the end of the term. It's the easy way to an eco-friendly home.

Solar-Powered Houses: Embracing the New Normal 

As we all try to reduce our carbon footprints, there's no denying that solar-powered houses are here to stay.

If you like the sound of lower home energy bills and an eco-friendly home, then solar power is the right choice for you.

Enjoyed this article? We've got more waiting for you, and fresh new content is added on a daily basis. Check out our articles on finance, credit cards, and cryptocurrency today!


Popular posts from this blog

Copycat Boston Pizza's Bandera Bread

Have you ever had a craving for something but then once you looked at it you realized, I can make that myself for next to nothing? That's how I felt last night I thought about ordering in some food but then realized I really don't want to spend any money. I really wanted pizza bread from Boston Pizza. So I recreated it and oh my goodness was it ever good. Try some of these great recipes too!  Pizza Bread Dough 1 cup warm water 1 tsp instant yeast 1 tsp sugar 2 cups flour  Seasoning 1 tbsp melted butter 1 tsp garlic powder 1 tsp onion salt 1 tsp parsley 1 tsp rosemary 1 tsp basil 1 tsp oregano 1/2 tsp sugar 1. Combine the water, yeast, and 1 tsp of sugar in the mixing bowl and let stand for 5 minutes. Add the flour and salt and mix until a ball of dough forms. Roll ball onto a floured counter top and knead for a couple minutes.  2. Put dough in an oiled bowl and let rise for 30 mins in a warm place with a clean cloth draped over top. While your doug

DIY Table Revamp - Guest Post

Hi all! I'm Tiffany from This Motherhood is Brought to You by Xanax and I am so excited to be a part of the Guest Post Swap and to be Amanda's swap partner! I love love love her idea on how to make indoor snowballs with egg cartons. I am definitely going to have to try that with my kiddos since my smallest one has decided that it has to snow for Christmas. Poor baby doesn't know snow is hard to come by in Alabama :( For my guest post I wanted to share a little DIY with you guys that involves duct tape! A few months ago my daughter's little chair that goes with her table she sits at every day tore and she made it worse by pulling all of the stuffing out of the seat! What started out as a quick fix turned into a great idea. She loved her seat so much that she has now decided that her table has look cool too so being the smarty pants that she is, she tore her table!

Amazing Ways To DIY Your Nails In The New Year

Having beautiful fingernails can really boost a woman's confidence. Not only do they feel sexy and sassy but they look well maintained and professional. There are a number of different styles of manicures you can get done professionally but they can be costly and if you are trying to stick to a budget and save money it is best to give DIY a try. These beautiful nail designs are easy to do and look fantastic. There are some that are more intricate and some that are simple but all will be amazed that you made them yourself. Try using small gems and crystals at the tips to add a touch of sophistication.  Tips make a world of difference and they can be as easy as you wish. There are so many beautiful polishes that have amazing colours you can match. These simple nail designs can be done by any busy lady and make a lasting impression to anyone who comes across them. Hot Beauty Health has all the instructions for these super simple nail designs. There are a large number