Why go solar?
There are two major reasons Hoosiers are choosing to install solar. Not only is it a great benefit to the environment, it is also a terrific financial investment!
Solar energy is a good option for Hoosiers to create electricity and heat water and air in their homes and businesses. As of January 2016, Indiana homes and businesses have connected about 143 megawatts (MW) of solar PV to the electric grid.
1. Hoosiers Save Thousands of Dollars
According to One Block Off the Grid, adding solar panels to your home can bring in monthly savings of well above $100 in many states.
2. Saving Begin As Soon as the System is Installed
As soon as the system is installed, solar systems will reduce the cost of electricity from day one!
3. Low Pay Back Period
Solar is an investment that pays pays for itself. After 9-12 years, most systems will have paid for themselves with a 6-9% return on investment. Your solar system will provide reduced electricity bills for another 15+ years.
4. Increases Your Home Value
Solar panels often increase a home’s attractiveness on the market, similar to homes near schools and homes with good Home Energy Rating. Like other home improvements, the costs are translated into the selling price of the home.
5. Incentives Make Solar Extremely Desirable
Several incentives make solar a desirable option for home owners and business. Primarily, Indiana’s net metering policy, which allows residents and businesses to sell energy back to the grid at a 1:1 ratio, and the 30% Federal tax credits for both residential and commercial solar. Learn more about solar incentives for Indiana.
6. Solar is a Secure Investment
Over the past 10 years, the price of energy for all market sectors in Indiana has increased 28.3 percent. With solar panels and simple math, you can calculate how much electricity will be generated, and most importantly, at what price, for at least the next 10 year (assuming fixed energy costs).
7. Guaranteed Performance
Solar panel manufacturers include a 20- to 25-year warranty. The industry standard guarantees 80% performance after 25 years and some high performing panels even more. The real lifespan of a solar panel is much longer – your solar panels will likely generate a decent amount of electricity longer than 25 years.
8. Reduce Your Environmental Impact
Even though a majority of homeowners choose to go solar because it is a good financial investment, many also go solar because they want to reduce their carbon emissions. The U.S. places second in the world in annual carbon dioxide emissions at 17.9%, right behind China. You can go a long way in lowering your carbon footprint by replacing utility power with clean electricity from solar panels.
9. Secure Energy Independence
Most people do not go fully off-the-grid, although you certainly can with solar. Solar owners love declaring their “Energy Independence” for their home and independence from their utility company.
10. Solar is Easy with a Solarize Team
Solarize teams help bust solar myths, give a basic understanding of how solar works and the investment benefits, and offer a small discount by facilitating a group buy.