Most of us have, or at least have heard of, solar panels. Also referred to as PV or photovoltaic panels, solar panels are used to convert light from the sun into electricity that’s used to power electrical loads.

As we shall see, panels aren’t just for decorating your roof. There are countless benefits of solar panel installation. Some of them are:

1. You Earn Rebates and Tax Credits

As unbelievable as it may be, you get paid for buying a solar panel! First, you receive 30% of total system prices back from installation and equipment as a federal income tax credit when you file your taxes

When you add this to Solar Renewable Energy Credits and local and state rebates, you’ll realize that the entire charge can be slashed in half.

2. You Help in Environment Conservation

Through solar panel installation, you reduce your dependence on fossil fuel and combat greenhouse gas emissions. Additionally, you improve public health.

3. It Helps in Eliminating or Reducing Energy Bills

Light from the sun is enough to power the average home at net zero energy consumption. Sunny locations receive approximately 5.5 hours of sunlight in a day. You can use this energy in your home and avoid paying electric bills.

4. You Save BIG on Cash

In a year, it’s estimated that the average person spends $3,052 on energy. Solar panel installation offers long-term savings. It also helps keep your roof in good condition and improves your resale value.