Why There is No Better Investment Than Solar Energy?

Solar energy is not cheap compared to traditional solutions. In recent years, the government began to subsidize solar energy, giving tax breaks. We also offer utility discounts and banks began offering low-interest loans for such investments. Solar panel prices also tend to drop as mass production has started more and more people buy solar technology, but prices are still quite high. 

You have to consider going solar as an investment: the initial costs, you will save money on your energy bill, and also the value of your home will increase significantly. In terms of investment, compared with refurbished homes, savings accounts or investments in the stock market, solar energy is the best of all. To be able to compare, you have to calculate the payback period: how long it takes to download the original investment.

If you decide to purchase and install the $ 4,000 solar water heater system, and it makes your energy bill down by $ 50 a month, a solar heating system will pay a price in 80 months if oil prices stay level as NAIST today. If you invest that amount of money in renovating your home, your property value will increase slightly for a period of time, but you get no monthly decrease, unless you have purchased energy efficient appliances. 

If you put $ 4,000 into a bank account, your interest will only be about $ 20. After 80 months, interest will add up to $ 2,000, which is only about half of their money. And if you could put $ 4,000 on the stock market, and will have a return of $ 3,400 in 80 months, unless you loose all your money. 

Therefore, investing in solar energy is good business. And there is another thing: if you decide to go solar, the value of your home and price. According to statistics of the National Association of Real Estate Appraisers (NAREE), the market price of your home increases to 20 times your annual energy savings. If you choose to install a solar water heater for $ 4,000, you will be able to retrieve that amount of money when you sell your home. This is because energy prices go up, and people are increasingly willing to pay more for a system that makes them able to save on energy bill.