Benefits of Solar Panels Installation for Homes: Cost & Savings

The residential solar market in Los Angeles is booming. When your home can generate much more power than you need, it is important to ask – why should you continue to consume and pay exorbitant amounts for power? Despite more than 300 straight days of sunlight, solar panels are a great choice for homes and are part of the growing solar power industry. What are some of the other benefits of investing in residential solar panels besides being environmentally friendly, reducing your carbon footprint, and cutting your electricity bill?

Lowering utility bills can save you money

Solar power systems can save homeowners thousands of dollars over the life of the system. Solar power systems can reduce your electricity bills by up to 65 percent, depending on their size. The average electric bill in Los Angeles is $150 per month, so installing solar panels can help you save $1,250 per year. In the long run, a solar panel system can save you quite a lot of money.

Easy to maintain

Manufacturers of solar panels provide warranties of 20 to 25 years. Basically, it is a warranty stating that the solar panels continue to function properly for 25 years even after the warranty expires. Therefore, solar panels are expected to last much longer. Solar PV systems are simplistic in nature. They require little maintenance because they have no moving parts.

Are solar panels worth it in Los Angeles?

Installing solar panels in Los Angeles is a great investment, and they’re definitely worth it. The average Los Angeles resident can save thousands of dollars by installing solar panels! In addition, you can deduct 30% of the cost of installing solar panels right away due to a Federal solar investment tax credit (ITC).

Los Angeles solar panel installations can increase your home’s value by 2-3%. Solar is a no-brainer in Los Angeles, especially since the Federal ITC and California solar tax credit cover most of the cost.

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