Many homeowners install solar panels to reduce their impact on the environment and limit their conventional energy use. This process doesn't just lower your energy bills. It also offers additional financial benefits. Here are three economic reasons to consider switching to solar.

3 Reasons to Switch to Solar Panels 

1. Tax Credits

Did you know that many states provide tax cuts to homeowners who use solar energy? For example, Colorado offers RENU loans up to $35,000 for individuals who make energy-efficient upgrades, like installing solar panels, in their home. The program requires no down payment and could fund the entire cost of this upgrade over 15-year loan terms. 

2. Increasing Property Value

Today, many homebuyers are looking for properties that are energy efficient. Along with having the latest appliances, this could also mean installing solar panels to minimize the cost of electricity. In fact, a study found that for every kilowatt of solar power, a home’s value increases by $5,900. Consider installing several panels to create a grid for further benefits; the more panels are on the home, the less money the buyer will have to spend on power.

3. Financing

Many solar panel companies have financing to make this investment more accessible to homeowners. Contact a solar energy company and ask to customize their financing options to suit your needs. Look into ones that offer zero money down loans, so you don't have to pay upfront. Additionally, consider selecting a company that doesn’t charge pre-payment penalties, a rarity that can help facilitate paying off the loan faster without incurring unnecessary fees.

If you’re ready to install solar panels on your home, contact Golden Solar in Colorado. The company has been in business for over 12 years providing roof, ground and pole mounts, and battery-based solar systems. Serving Golden, Denver, Lakewood, and the surrounding areas, they offer personalized power supply solutions for residences and businesses. Call (303) 955-6332 or visit the website for information on their maintenance, installations, repairs, and financing to get started.