Even if you don’t have the cash for an upfront solar purchase, you can still take advantage of solar panels as an investment strategy. The increased availability of zero-down solar loans and financing options makes it easier to go solar now.
If you’re planning to secure long-term financial stability, low-risk investments are typically ideal. Solar panels are a natural fit; they provide steady, increasing returns, similar to the high returns associated with traditional investments like stocks and bonds, but without the unpredictable fluctuations of those markets.
Going solar generates significant financial benefits, including:
Reduce or Eliminate of Your Electric Bill
Solar panels can generate some, most, or all of the electricity you need for your home depending on the size of the system you install and whether you include solar battery storage. Your solar energy system will generate up to 100% of your electricity needs, reducing or eliminating your electric bill and freeing up more cash every month to spend or invest elsewhere.
Hedge Against Future Energy Price Increases
Utility electricity rates go up every year. In 2021, retail electricity prices in the US rose at the fastest rate since 2008. By generating your own electricity, rather than buying from your utility, you can protect yourself from unpredictable rate increases for the lifetime of your solar energy system, which is typically between 20 and 30 years.
Solar Increases Home Value
Installing a solar energy system is an investment in your property. Studies have shown that homebuyers are willing to pay more for homes that are equipped with solar panels, and solar homes often sell faster, too.
Financial Returns from Solar Panels Aren’t Taxable
Unlike returns from more traditional investment vehicles, your financial returns from solar come in the form of monthly savings, not income, meaning they are not subject to taxation.
Get a 30% Tax Break When You Install Solar Panels
When you install solar panels in San Antonio, you’ll qualify for rebates and incentives, including the 30% federal solar tax credit. With the solar tax credit, you can reduce what you owe in federal taxes by 30% of your total solar installation costs.
Solar really is worth it and can help you prepare for a more secure financial future and retirement. But solar panels are expensive (although financing and incentives can make them significantly more affordable) and you want to make sure they’re a good fit for your needs and lifestyle before you invest.
Texas Engineered Solar is an experienced, local solar installer in San Antonio that can give you the facts and help you decide whether you should install solar at your home. We are a veteran-owned company that is proud to serve Military City USA® and would love to help you become energy independent with solar panels!
