Investing in solar panels has never been more affordable. Here are four reasons why solar energy makes great financial sense.
Homeowners convert to solar energy for many reasons but perhaps the most popular incentive is for the huge financial savings.
Installing a solar power system in your home is now a much more affordable investment, making the financial returns highly feasible and available in a much shorter time. Depending on your location, you could start to see huge savings on your energy bills in as little as three years.
Here are four ways solar energy makes great financial sense.
Slash your electricity bills (or get rid of them altogether!)
Electricity bills can contribute to a large portion of your monthly expenses, often placing a huge financial strain on the average household.
By relying on your solar panel system, you cut out the additional exorbitant expenses included in your power bills such as the cost, maintenance and repairs of the power poles and wires needed to bring electricity to your home.
You can generate free power for decades to come and even if you don’t produce 100% of your energy usage, solar energy will still drastically reduce your energy bills, guaranteeing savings in the long run.
Avoid rising energy costs
Every year, electricity prices continue to soar throughout the country. By investing in a solar energy system today, you can lock in an affordable electricity rate to safeguard you from energy price increases in the future.
Increase your property value
Houses equipped with a solar panel system are far more attractive to potential buyers than houses without.
With a solar system set up and ready to go, a prospective buyer will appreciate the fact that their potential new home is free of the expensive energy costs needed to run it and would be happy to pay a little extra to secure such an asset.
Earn a great return on your investment
Many homeowners don’t consider solar energy an investment in the way they would a traditional venture such as a term deposit. However, it’s actually one of the best investments you could make as the average solar panel system pays for itself multiple times over the course of its decades-long lifespan.
As an example, the average Australian solar panel system buyer receives a minimum of 20% return on their money within three to seven years, an investment far more lucrative than a term deposit, share market or a super fund.
With such rewarding incentives and profitable savings to be made, now is a great time to act and invest in solar energy; for the peace of mind that comes with a financially sustainable and secure future.
