With news of a recession on the horizon, you may wonder where you should invest your money during financial uncertainty. Investing in a physical asset like a solar energy system can be a safe investment when the market is unstable. Solar energy is also a great asset for home and business owners who are looking to do their part for the environment.
Here are five reasons why you should consider solar energy for your next investment.
1. Renewable Energy Source
Solar energy is a renewable energy source, which means that it is sustainable and will never run out. Unlike fossil fuels, which are finite and will eventually be depleted, solar energy is constantly replenished by the sun.
2. Cost Savings
Installing solar panels can help you save money on your energy bills. Depending on the size of the system and the amount of energy consumed, you may be able to offset some or all of their energy costs.
3. Increased Resale Value
Investing in solar panels can also increase the value of your home. According to a study by the National Renewable Energy Laboratory, homes with solar panels sell 20% faster and for 17% more money than homes without solar panels. This means that if you decide to sell your home in the future, you could recoup the cost of your solar panel system and
4. Environmental Benefits
Solar energy is clean and produces no greenhouse gas emissions, which helps to reduce the carbon footprint of a household. By choosing solar energy, you can contribute to a more sustainable future for yourself and future generations.
Another factor to keep in mind when considering a solar investment is that weather related events cause energy prices to surge. Solar will not only circumvent rolling blackouts if the grid can’t handle the demand, but you also won’t be subject to an increased cost of electricity.
5. Government Incentives
There are various government incentives available if you choose to install solar panels, such as tax credits. These incentives can help reduce the upfront cost of installation, making solar energy a more accessible investment for homeowners.
Solar energy is a great investment for homeowners who are looking for cost savings, increased home value, environmental benefits, and government incentives. By choosing solar energy, homeowners can take advantage of a sustainable and renewable energy source that will benefit both their wallets and the planet.
Are you thinking about installing solar? My Generation Energy has been installing the highest quality solar design and installation on Cape Cod, the South Shore, South Coast and Greater Boston area since 2008.