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As the cost of using solar to produce electricity goes down each year, many Americans are increasingly switching to solar. Now, there are over a million solar installations across the country. A solar electric system provides an opportunity for anyone who is looking to reduce monthly utility bills and make a long-term, low-risk investment.
Solar panels are viewed as upgrades, like a renovated kitchen or a finished basement, so purchasing a solar energy system will likely increase your home’s value. Studies show that homeowners pay a premium for a solar home. Although market factors like electricity rates and system size may impact the size of the premium, solar homes can sell for more than homes without PV.
The solar resource of the United States is enormous. In fact, just one hour of noontime summer sun is equal to the annual U.S. electricity demand. Most states in the United States have good-to-excellent solar resource. Even places with relatively low solar resources, such as the Pacific Northwest and Alaska, can experience cost savings, and have similar solar resources to countries that have widely developed solar PV, like Germany.