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Solar 101

5 benefits of solar panels

Savings. Incentives. Stability. Discover why millions of homeowners have already installed solar panels on their roofs, and how you can reap these benefits too.


1. Save money 

Savings are top-of-mind for homeowners considering solar. A major difference between solar and traditional energy is that solar costs are often lower. You’ll still receive a bill from your utility company, but your solar and utility expenses should add up to less than what you currently pay for electricity. 

 

See how drastically one customer’s utility bill dropped after installing solar panels:

Customer Electric Bill Comparison

 

Once you go solar and watch your own electric bill drop, you might wonder why you didn’t make the switch sooner. 

 

If you want to save even more, use less solar energy than your panels produce. The extra energy goes back to the grid, and the utility company credits you. This credit offsets the cost of energy you pull from the grid. Over time, these solar credits can add up to major savings. 

 

It’s best to look at your savings on an annual basis instead of monthly. In the winter, you’ll likely produce less solar. Then long, sunny summer days will make up for that dip. Over the lifetime of the system, you’ll see your savings grow. 

Explore solar financing options


2. Take control of costs 

Another perk of solar panels is more energy independence. You’re still connected to the grid, so you have power when solar doesn’t cover all your needs (like at night). But the sun is your primary electricity source. Utility energy is just supplemental, so utility rate hikes won’t impact you as harshly. Your affordable, predictable solar rates will account for most of your energy costs. 

Want even more freedom? Add a battery to store the extra solar energy your system produces. 


3. Get incentives 

If you buy a system outright or with a loan, you may qualify for incentives. Some states offer rebates to homeowners for creating clean energy. It’s important to note that not all homeowners with solar panels are eligible for this benefit. Schedule an appointment with a Trinity Expert who can explain what's available to you.


4. Increase property value 

Your home may be the biggest investment you’ll ever make. Naturally, you want to make smart choices when it comes to home improvement projects. The great news about solar is that it can increase your property value. 

According to a 2021 Rocket Mortgage study, homes with solar panels sell about 13% faster than those without. And they’re over 24% more likely to sell above than the asking price. If you move, you’ll be passing on the benefits of solar panels to another homeowner. Who wouldn’t want to buy a house with lower electricity expenses and energy-efficient features?


5. Be eco-conscious

Solar energy produces zero emissions as it’s converted to usable electricity. That’s the beauty of rooftop solar—it works just like traditional electricity, minus the guilt. Go solar, and become part of a growing community that’s using renewable energy to help keep the Earth clean. 

Ready to take the next step toward a home solar system?

Trinity does not guarantee eligibility for incentives or rebates. Homeowners should consult a tax professional for personalized advice and to determine their specific eligibility for any tax incentives.

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