Solar power has historically been more expensive than other energy options, but that’s changing fast because of government investment in technologies, as well as the simple fact that many more people are investing in solar, which results in economies of scale. Solar energy equipment increases your financial standing in basically three ways:
✓ Savings on your monthly utility bills.
✓ Appreciation of your home’s value.
✓ Predictability in your utility bills for years to come. When utility rates increase, you’ll be largely immune from the increases because you’ll be getting your energy from a local source that’s not tied in to the utility. Of all these three factors, this one seems to drive people to invest in solar the most.
The following sections cover reasons why solar is a great investment, both financially and environmentally.