One of the most significant advantages of installing solar panels is the potential for substantial savings on your energy bills. Though the initial cost of installation can seem high, many people find that after a few years, the savings far outweigh the initial investment. Solar panel systems harness free energy from the sun, which means your electricity bill could be significantly reduced or even eliminated entirely.
In addition, there are various incentives and tax credits available to make solar installation more affordable. For example, the federal government’s Solar Investment Tax Credit (ITC) offers a 26% tax credit for solar panel installations through 2025. Some states and local governments also offer rebates and tax incentives, further reducing the cost.