Definitely Yes. Nowadays, it is wise to stop renting and start owning your power supply. Even though solar energy is a new concept for everybody, it has become popular all over the world. With electric bills continuing to rise, solar energy companies have started to offer an efficient, clean, cheaper, and safe source – the sun!
It helps your health and the environment!
The rise in demand for fossil fuels as sources of energy are straining and slowly destroying the environment and have been causing much of climate change. If more and more people make the switch to green energy sources, we still have a chance in saving this planet!
Going solar reduces carbon footprint. Instead of consuming fossil fuels and other energy sources, the solar panels that are installed on your roof collect energy from the sun and convert it into electricity.
John McCloy of Green Coast Org says, “During the production of electricity, there are many byproducts emitted into the atmosphere threatening the natural air we depend on to breathe. These gases are carbon dioxide and methane, and they are toxic hence endangering our health each new day. They are also blamed for causing some cancers.”
Save money and decrease energy bills
Solar energy is still a new concept even in Las Vegas. The upfront costs may seem high to most homeowners but there are lots of rebates and other tax incentives or tax credits homeowners can qualify for. Homeowners can see a significant decrease in their energy bills after switching to solar energy. Some Las Vegas homeowners’ solar panels can even reduce their bill up to 100%!
Enlyten Energy says, “One of the biggest reasons people go solar is to save money. Most Nevada residents pay around $111 each month for electricity. This totals $1,332 annually and over $33,000 for 25 years, which is the average system lifespan. Considering you can eliminate your electric bills from a solar energy system in five years, that amounts to tremendous savings!”
Generate an ROI
ROI for solar-powered homes can be measured in a few ways. First is the immediate return, it is the savings that homeowners get on their monthly electric bills. Though this may vary or location and the usage in a month.
On the other hand, ROI can also go beyond energy bills. For example, most homeowners are willing to pay $15,000 or more for solar panel installation that could last to 10 up to 25 years which is a long term investment, and because the cost of energy continues to rise each year, homeowners will continue to see returns on this initial investment that will multiply over the course of time.
Encoresolar says, “In Nevada, the cost of a solar panel is $3.80 per watt in 2018. The average home needs a 6-kilowatt sized solar system. So, most Las Vegas homeowners will pay 17,000 dollars to have a solar panel system installed before claiming any rebates or tax reductions.
Regarding the upfront costs to install a solar panel, it can take several years to see a return on the investment. In the solar industry, this is referred to as the payback period. For Las Vegas homeowners, the average payback period is 8.78 years. That’s why it is important that you plan on staying in your home for several years so you can see a return on the investment.”
The bottom line is that solar panel system installation is worth it in Las Vegas. Go make the switch!