skip to Main Content

7 Solar Panel Statistics Homeowners Should Know

7 Solar Panel Statistics Homeowners Should Know

Are you thinking about installing solar panels for your home? If you want numbers on your side, we’ve got the stats and figures to help you take the leap. Spoiler alert: panels are good for your budget and good for the planet.

Everyone knows that solar panels are great for the environment, but you probably didn’t know the rest of these advantages. Solar panels are more reliable than coal-powered electricity and will save you a ton of money. Let us prove it to ya!

Let’s get into the mean, median, and mode of a solar panel installation so you can decide if they’re the right choice for your home.

1. Most Homeowners Break Even in 10 Years or Less

If the upfront cost of installing solar panels is holding you back, you’ll be glad to know that most homeowners break even within a decade. Solar panels last up to 25-30 years, so the rest of that time is full of potential savings.

The initial cost of solar panels has even fallen in the last few years. In 1977, a single-watt solar cell cost around $77. Today, it costs 21 cents…a 99% price drop

With installation costs going down, you can expect to break even on your solar panels even sooner. Installation costs start at around $10,000; however, most homeowners spend around $2,000 a year on electricity. 

2. Solar Panels Reduce Your Carbon Footprint

Solar panels last an average of 30 years, and in that time, they reduce carbon dioxide (CO2) pollution by 100 tons. You’re making a huge difference as you power your home! It’s a classic win-win.

Carbon dioxide is a leading greenhouse gas that causes climate change. It has a powerful impact on our oceans and sea life, for which are essential for a functioning ecosystem. 

Humans have been adding more CO2 to the atmosphere since the Industrial Revolution, mostly through electricity and transportation. As a homeowner, you can play a powerful role in reducing CO2 emissions by using solar energy.

One of the most exciting aspects of solar energy is that it doesn’t produce any pollution. None! This is how we protect the planet and make sure it’s a healthy place for future generations to thrive.

3. Solar is the Most Affordable Energy Source

Solar panels are a no-stress way to put money back in your pocket. They’re more affordable than most folks think!

After the initial investment of installing the panels, your energy is completely free. To find out exactly how much you will save, meet with a solar energy consultant. They’ll take a look at your recent energy bills and give you a clear picture of just how much solar will save you!

Solar installation costs can often be paid off in less than a decade, which gives you more than two decades of completely free energy. 

4. Solar is the Most Abundant Energy Source in the World

Fossil fuel-powered electricity is a rapidly-depleting natural resource. The sun, on the other hand, is a reliable resource with infinite capabilities and is the most abundant energy source in the world. Your costs with solar panels will never inflate due to scarcity.

When the sun is down, your home runs on stored solar energy. You can also store energy on backup batteries for emergencies. You will never have to worry about power outages during a storm again. Solar energy is always available to you!

5.Deduct 26% of Your Solar Panel Costs

Owning a home in the United States makes you eligible for incredible tax incentives! It’s unclear how many years these will be offered for, but right now you can deduct 26% of your installation costs from your federal taxes. That means you can pay off your panels faster and save even more in the long run!

Your tax credit can even roll over to the next year if you don’t owe enough to use the full 26% the first year. It’s a savings no matter what!

6. The US Surpassed 2 Million Solar Panel Installations

The solar industry is rapidly expanding, and installing panels on your home puts you at the front of an exciting new revolution in energy. It won’t be long until all your friends are going solar, too. Many potential homeowners have even reported that energy-saving features make them more likely to buy a house.

In the United States, over 2 million solar panels have been installed, and we are projected to reach 4 million panels by 2023. Solar panels are sweeping the nation! There’s never been a better time to switch to solar energy, especially since the cost continues to fall while the number of natural disasters continues to rise.

If you’re ready for reliable and inexpensive energy, it’s time to join the millions of other homeowners who have gone green and installed solar panels.

7. Enjoy a 25-Year Warranty

Your solar panels are incredibly low-maintenance and will require minimal thought or effort. You can sit back, relax, and enjoy the power! If you keep your panels clean, they can last up to 40 years.

If your panels do need maintenance or repairs, they come with a 25-year warranty. You can rely on skilled solar installers to keep your panels in tip-top shape. 

The solar energy industry is also a great employer. By 2030, the industry is projected to reach 400,000 jobs. If anything goes wrong with your solar panels, you can trust that skilled technicians will get them working perfectly again in no time. 

Make These Stats Work for You

The stats don’t lie: going solar is the right choice for your home. There has truly never been a better time to install solar panels! If you’re ready to help the planet, reduce pollution, and save money, the experts at Primitive Power are ready to help you make the leap and own your power.

We make the entire process as easy as can be, starting with a clear quote and rendering of your home with panels on the rooftop. We provide constant support and education on your panels through our app as well, so you have total peace of mind in the state-of-the-art system on your home.

If you’re ready to own your power, contact Primitive Power today and we’ll get started together!

Are you ready to own your power? Reach out to Primitive Power today!

Back To Top