Beyond ecological reasons, there are many incentives to invest in solar energy.
Solar is currently the fastest-growing source of electricity generation in the United States. Federal and state incentives, and cash rebates, will often cover a significant portion of costs when buying a solar system. Prices for these systems have already fallen by 70% in the last decade.
Solar panels can be leased or purchased and each option offers different advantages. Leased panels are usually maintained and monitored by the leasing company, and have a lower financial commitment. However, panel owners will often see better long-term financial benefits. Installing solar panels on your property will also increase its value by $15,000 on average.
Whichever direction you opt for, you will enjoy reduced utility expenses.
Producing your own energy allows you to be less dependent on public infrastructure and nonrenewable energy sources. You could potentially keep your lights on during national disasters and energy shortages. Any surplus energy produced by solar systems can also be stored in batteries or sold back to the energy grid.
While the ecological benefits of solar energy are, for the most part, intangible, they play an important role in Humanity’s health and survivability.
Renewable energy sources will reduce the amount of pollution released by burning fossil fuels, increasing air quality and slowing down climate change.
The Earth is currently on track to suffer an ecological collapse by 2050. While such an event would not kill out humanity, we will experience a regression in economical and industrial growth and overall quality of life.