#1 Mitigate Risk
Solar energy is an excellent way to hedge against rising energy prices. Solar energy produces electricity at the retail rate so even when electricity rates rise, your solar bill doesn't. Once you finish paying off your solar system you don't have a electricity bill anymore. Plus, solar doesn't pollute the environment as much as other forms of electricity and decentralizes our energy grid, making it more reliable.
#2 Upgrade your home
If you're looking to upgrade your home, installing solar panels can be a great way to make sure your home is safe, even in the case of an emergency. Installing a solar battery and/or a generator can provide electricity for your home in case of emergency situations.
When you install a solar panel system, you will be able to upgrade your home with energy-efficient appliances and other improvements, such as upgraded insulation or the roofing of the property. Solar energy has been around for many years, but it's only recently that it has become affordable for homeowners all across the country.
#3 Save money
Solar technology has greatly improved since first implemented in late 2000s residentially. It's now cheaper than utility providers in most states. The average home spends $1,200 per year on electricity. A typical solar panel system will pay for itself in about 10 years, and could save you $2,500 per year on your energy bill. That's money you can use to invest back into your home or other financial goals.
#4 Help your community
A decentralized grid is a network of homes and businesses that get their power from non-utility producers and local energy sources. This takes the pressure off of centralized utilities who are having trouble keeping up with a growing demand for energy.
In addition, decentralized grids help keep electricity prices low for everyone because now you only use as much electricity as you need instead of relying on a utility company to produce enough for everyone. This helps keep costs down since youāre not paying for sources of power you donāt use.
Solar energy provides an increasingly important way to decentralize our grid network and minimize our reliance on centralized utilities while providing clean, renewable power to everyone.