Another Reason To Go Solar - Independent Green Technologies

Another Reason To Go Solar

Published on May 16th, 2014

The benefits of using solar energy to power your home have become more exciting as more case studies of homeowners and businesses are published, where it outlines their initial cost compared to how much they will save in the long run.

Residents in Massachusetts have been one of the top states taking advantage of solar energy, where 7 out of 10 homeowners in the state recognize that solar is the best investment compared to purchasing a new car or making home renovations.

Their top 3 reasons to take advantage of solar included:

  1. The lower energy costs.
  2. Benefits to the environment.
  3. The long-term value of utilizing solar energy.

According to the most recent Geostellar Quarterly Index, in a solar photovoltaic (PV) system is highly profitable, and tops many other investment strategies.

The most common major investments made by people are cars and homes.

A car is a good asset because it provides you freedom of mobility, but it also depreciates in value, never appreciating unless its a collectors item.

A home is also a great investment, providing a roof for you and your family, but it doesn’t provide a high rate of return.

Making home renovations can only improve the value of your home sometimes, but it’s not always a guarantee.

Most people today install solar to save money, they don’t think about the return on investment aspect. Did you know that installing solar on your home can immediately increase the value of your home, and also produce no-maintenance costs?

Besides buying a home and a car, lets look one of the next most popular methods homeowners put their money to get a good return, the financial marketplace. The S&P 500 is a benchmark to see on average what your return should be. The last 10 years average return was 7.73%, which definitely beats putting your money in a savings account.

While 7.73% is a good conservative return on your investment, homeowners in several U.S. states have seen returns much greater than that on their investment in solar, lets take a look at a few.

These returns on investment in solar are based on a 25-year lifespan of the solar panels, increased efficiencies in the panels and incentives offer by individual states.

With the concrete data outlined in this article, and more case studies coming out regularly, it is providing homeowners with solid evidence that solar panel installation on their homes is a better investment than buying a car, making home renovations, and investing in the financial marketplace.

Call us today at 877-IGT-SOLR to get more information on how you can make a great investment by installing solar panels on your home, and lowering your monthly energy bill.

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