Is Solar a Safe Investment?
Sep. 08, 2022
The solar energy industry has grown substantially in the past few decades, with homeowners, businesses, and utility companies moving towards more affordable and sustainable ways to produce electricity.
You’ve probably seen solar panels on your neighbors' roofs and may be wondering whether you should invest in solar energy for your own home. But is solar all it's cracked up to be? And is it a safe, long-term investment you can feel confident making?
Solar panel installation is an extremely safe investment with immediate and long-term benefits. Whether you’re looking to sell your home in the coming years or hoping to secure decades of utility bill savings, solar really is worth it for your home.
Why You Should Go Solar Now
When you invest in a home solar installation in 2022, you can take advantage of the current and future possibilities of solar energy. Here’s why you should go solar now:
Start Saving on Energy Bills Right Away
You need to get your electricity from somewhere, and with a solar panel system, you can redirect the money you’re currently spending on your electric bills toward paying off your own power-generating system.
Solar panels and batteries allow you to generate and store your own electricity using free energy from the sun. This can save you a significant amount of money on energy bills over time. Even if you finance your solar panels (check our excellent financing options) you’ll be saving money. Solar panels turn you into an energy producer instead of an energy “renter.”
Protect Yourself Against Rising Electricity Rates
There’s a lot of uncertainty around energy right now, and costs are going up across the country. With a home solar installation, you can lock in your electricity costs for the next 25+ years, stabilizing your expenses and helping you avoid volatile electricity rates.
The Sooner You Go Solar the More You Can Earn with Incentives
Massachusetts is one of the best states in the country for solar energy with many impressive solar incentives available. Homeowners in Massachusetts can receive incentives through:
Many Massachusetts solar incentives are time-sensitive. SMART, for example, follows a block structure, with blocks filling up as more homeowners enroll. Each new block offers a lower incentive payment than the last, so the sooner you install solar panels and enroll in the SMART program, the more you can earn.
Get the Highest Solar Tax Credit Possible
The proposed Inflation Reduction Act have recently changed these numbers and has extended the ITC for another 10 years. You can read more about this newly passed legislator in our IRA overview blog here.
Increase Your Home’s Value
Did you know that solar increases your home’s value? Today’s homebuyers know how valuable energy independence is and are prioritizing solar homes over non-solar homes. Studies have shown that houses with solar panels often sell faster and for more than houses without. If you’re retiring soon and thinking about downsizing, going solar is a great way to boost your home’s value before you sell.
Find Out if Solar Is Right for Your Home
Boston Solar is the best solar company near you in Massachusetts with over 10 years of experience serving local homeowners. With over 5,000 installations completed, we can help you learn more about the benefits of solar energy and decide whether a solar installation is a smart investment for your home.
Make a wise investment with solar panels for your home. Call 617-858-1645 or contact us to schedule a free consultation.