In an era where environmental consciousness is at an all-time high, Bend, Oregon, homeowners are more concerned than ever about preserving the area’s beautiful natural environment. For many, the simplest solution will be turning to solar panels, which simultaneously preserve the environment and generate a sizeable ROI. If you’re thinking about making the change, here are the top 7 benefits of home solar in Bend, OR, and how they’ll apply to your situation.
Benefits of Home Solar in Bend, OR
Before we fully dive in, it’s important to note that that your experience with solar panels will vary depending on who you choose to install them. Be sure to check out reviews for every local company to find the right fit for your situation. If you want a full breakdown of the process, read our guide “How to Choose a Trustworthy Solar Installer in Oregon.”
If you’re still not sure, contact us and we’ll help you make the right decision for your home.
Lower Energy Bills
Of all the benefits of home solar in Bend, lower energy bills is the most notable. Utility providers have continuously raised rates, causing sharp increases to power bills across the state — including Bend. However, home solar allows homeowners to generate their electricity and reduce their consumption of grid power, thereby reducing their electricity bills. In some cases, surplus electricity can even be sold back to the grid via Net Metering, which helps offset the cost of electricity you use when your panels aren’t producing power (like at night).
Over time, the savings on energy bills can be substantial. While the amount saved depends on system size, location, and energy consumption, many homeowners experience significant reductions in their monthly electricity costs. This leads to increased disposable income and protects against rising utility rates.
Return on Investment (ROI)
Installing residential solar panels is an investment with a high potential for a strong return. The initial cost of purchasing and installing solar panels may seem significant, but various incentives, tax credits, and rebates are available to reduce the upfront expense. In addition, the long-term savings on energy bills and the potential for selling excess energy back to the grid can lead to a relatively quick payback period.
The exact ROI varies depending on system size, location, and the cost of electricity in the area. However, solar panel systems typically have a lifespan of 25 years or more, ensuring that homeowners continue to benefit from their investment for a long time.
Environmentally Friendly
Residential solar panels are a clean and environmentally friendly energy source. Unlike fossil fuels, solar energy production generates zero greenhouse gas emissions. By choosing to install solar panels, homeowners contribute to reducing air pollution and mitigating climate change.
Furthermore, solar panels require minimal water for maintenance and operation, which significantly contrasts the substantial water usage associated with traditional power generation methods such as coal and nuclear. Embracing solar power is a meaningful way for homeowners to reduce their carbon footprint and promote a more sustainable future.
Energy Independence
Solar panel installation promotes energy independence for homeowners. Homeowners become less reliant on external energy sources, including fossil fuels, by generating their electricity. This reduces vulnerability to energy supply disruptions and insulates homeowners from fluctuations in energy prices caused by geopolitical events or market volatility.
Energy independence also empowers homeowners to take control of their energy production and consumption. With the addition of energy storage solutions such as batteries, homeowners can store excess energy during nighttime or periods of high demand, further enhancing their self-sufficiency.
Increased Home Value
Solar panels can significantly increase the resale value of a home. Studies have shown that properties with solar panel installations tend to sell faster and at higher prices than comparable homes without solar systems. Potential buyers are often attracted to lower energy bills and the environmental benefits associated with solar energy.
Additionally, some states offer property tax incentives that can reduce property taxes for homes with solar panel installations, making solar-powered homes even more attractive to buyers. The increase in home value can more than offset the initial cost of installing solar panels, making it a sound financial investment for homeowners.
Longevity and Minimal Maintenance
Solar panels are built to last, with a typical lifespan of 25 years or more. They require minimal maintenance, mainly periodic cleaning to remove dirt and debris. Most reputable solar panel manufacturers offer warranties that cover the panels for 20 to 25 years, providing peace of mind to homeowners.
The durability and low maintenance requirements of solar panels make them a hassle-free investment. Once installed, they continue to produce electricity reliably for decades, ensuring a steady stream of savings and benefits.
Government Incentives and Tax Credits
Numerous government incentives and tax credits are available to encourage the adoption of residential solar panels. These incentives can significantly reduce the upfront installation cost, making solar energy more accessible to a wider range of homeowners. Some of the most common incentives include:
● Federal Investment Tax Credit (ITC): The federal government offers a tax credit equal to a percentage of the total installation cost, which can amount to substantial savings.
● State and Local Incentives: Many states and municipalities provide additional incentives, such as rebates, grants, or property tax incentives, to further reduce the cost of solar panel installation.
● Solar Renewable Energy Certificates (SRECs): In certain states, homeowners can earn SRECs by generating solar energy, which can be sold to utilities or other entities, providing an additional source of income.
The advantages of residential solar panels extend far beyond the initial investment, making them a wise choice for those seeking to reduce their carbon footprint and enhance their financial well-being. At Purelight Power, we take pride in helping homeowners take control of their utility bills by going solar, as well as helping to ease the effects of climate change. We walk you through every step of the process with attentive, hands-on customer service, so you’ll never worry about your project’s status. Contact us today and we’ll help you get started with your solar transition.
