Maybe you’ve thought about going solar but aren’t sure it’s worth the time and effort when you’ve got a no-brain source of electricity already in use. However, for businesses and homeowners who want to ensure a bright future for their wallets and the planet, solar is an investment that pays huge dividends.
Investing in solar power may feel daunting, but there are a couple of reasons you shouldn’t be intimidated. First, the cost of a solar system in the last decade has dropped over 50% in many places. Then there are also tax breaks and other incentives to invest in solar, which brings the initial investment down.
On average, owners pay off a new solar installation in eight years, while the average solar power system New Jersey user is projected to save well over $53,000 in utility bills over the next 25 years. In comparison, the average new car loan is now over six years, and at the end of that time your car isn’t putting any money back into your pocket. Even if you move, you can take the system with you, or leaving it on your current home can increase its value by $10,000 or more.
Save the Planet
About 20% of greenhouse gases in the United States comes from supplying energy to our homes. Much of that is carbon dioxide from running our ACs in the summer. Solar power is a double win: You get the most use of the sun’s energy in the summer, providing a huge reduction in your household carbon footprint and a huge savings just when your power bill would be highest.
Plan for the Future
If you aren’t yet a homeowner, how can you access solar power? Look for solar-powered apartments. Another option is the Community Solar Energy Pilot Program for renters and low-income families.
Choosing solar is investing in a bright future for everyone.