While only a small minority of US homeowners currently have solar panels installed on their properties, almost half indicate that they are seriously considering a move to solar energy. 46% of homeowners say they are considering installing solar panels for a wide range of reasons.
As well as the savings potential, solar energy is a renewable and clean form of energy, especially when compared to coal or oil.
If you are living in Chicago, solar panels are an excellent long-term investment that can save you thousands of dollars on your energy bills. In this blog post, we’ll highlight five signs that it’s time for your home to invest in solar energy.
- Your Home Receives Enough Sunlight
Solar panels generate the most amount of electricity in areas that receive a lot of direct sunlight. That said, your home doesn’t need to be in the desert for solar panels to be a good fit.
For example, Google’s Project Sunroof shows that houses on Michigan Avenue in Chicago received more than 1,442 hours of usable sunlight each year. A 6kW solar panel installation here would result in savings of around $12,000 over 20 years, with a payback period of just 10 years.
- Your Energy Bills Are Too High
For most people, the driving force behind their decision to install solar panels on their property is high energy bills. By installing solar panels, you’ll be generating your own electricity, given you independence from the grid.
As noted above, these savings can run into the thousands over the lifetime of the solar panels. What’s more, net metering allows you to sell surplus electricity back to the grid for extra cash.
- You Are Environmentally-Conscious
Solar energy is clean and renewable; it helps your home to reduce the dependence on damaging fossil fuels and combat greenhouse gas emissions. More solar panels mean less air pollution, reduced water usage, and a reduced carbon footprint for your household.
- Your Roof Is In Good Condition
Generally, the optimal place on your property for solar panels is your roof. If you are planning to install solar panels, think of your property’s roof as the foundation. If it is in good condition, it makes installation much easier.
If you are considering installing solar panels, it pays to check that your roof is in good repair. If any work is required, make sure this is done before you plan your solar panels.
- You Want to Improve Your Property’s Value
According to the US Government, properties with solar panels sell for a premium amount and stay on the market for less time. Research has shown that solar panels add around $15,000 to a home’s value. Even if you aren’t considering selling your home right now, solar panels are an excellent long-term investment.
If you are in Chicago, check out the best solar providers near me.
Are You Living In Chicago? Solar Panels Could Be Perfect For You
For homeowners in Chicago, solar panels are an exciting long-term investment that could result in savings of thousands of dollars. As well as the financial incentives, solar panels are environmentally friendly and increase the overall value of properties.
Like this blog post on a solar installation in Chicago? Be sure to check out our other informative articles on the rest of our blog today.
