As a homeowner, it can be hard to balance the desire to go green and the need to save money. However, switching to solar energy gives you the ability to make an eco-friendly home improvement that’ll also help you manage your household budget. If you're skeptical, consider the following ways going solar will help keep money in your pocket.

How Can Solar Energy Save You Money?

1. Take Advantage of Tax Incentives

As a U.S. taxpayer, you can claim a 30% credit for using a solar energy system at your home, thanks to the federal Residential Renewable Energy Tax Credit. However, Hawaii offers tax incentives of its own. You can enjoy a state income tax credit that's 35% of your panel installation—up to $5,000 off—on top of the federal credit.

2. Lower Your Water Heating Expenses

While you likely won't need solar energy to heat your home in tropical Hawaii, you can use this renewable energy to heat your pool. By adding solar panels to a pool pump, the water that passes through your filter will be warmed by solar energy before being sent back into the pool. Therefore, you can enjoy warm water without having to spend on electricity.

3. Reduce Your Cooling Costs

Solar energy systems aren't just about panels—you can also reduce your monthly budget by installing a solar attic fan. This allows hot air in your attic to escape, lowering the overall temperature of your home. As a result, your cooling system won't have to work as hard. Plus, since the fan runs on solar energy, you can significantly minimize or even eliminate your electricity usage.

If you’re interested in improving your finances by switching to solar energy, reach out to Solar Help Hawaii of Honolulu today. This locally owned company has over 25 years of experience helping Oahu residents lower their energy bills and stay comfortable. In addition to selling solar panels, they also install and repair them, along with solar attic fans and pool pumps. To learn more about their offerings, visit their website or call (808) 548-4357 today.