The Benefits of Home Solar & Solar Installations | Dividend Solar
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    The Benefits of Solar Ownership.

    Save Money by Going Solar

    The cost of electricity for homeowners has gone up in 28 of the past 30 years, with an almost 40% increase in the last decade alone. History indicates that Homeowners who remain completely grid-dependent will pay more in utilities next year than they do now, and will continue to pay more with each coming year.

    In contrast, if you go solar with Dividend Solar, you are likely to save money on your energy bill immediately. Solar panels generate electricity you can use to power your home, which can drastically reduce the amount of energy you need to buy from your utility company. In addition, your system may generate power that you don't use, and in most states this surplus energy can be sold back to the utility company for other people to use – providing you with further savings on your utility bill. The process of selling excess generated energy back to the utility company is called "net metering," and has been implemented in 43 states plus D.C. In some cases, Homeowners' utility bills can drop to $0.

    Source: US Energy Information Administration

    Source: US Energy Information Administration

    Source: Berkeley National Laboratory

    How Solar Increases the Value of Your Home

    Solar energy systems are an attractive asset for Homeowners looking to sell their homes, as rooftop panels have been shown to increase the value of the home while reducing its time on market.

    A 2013 study from the Lawrence Berkeley National Laboratory indicates that a medium-sized residential solar system can add more than $20,000 to the value of a home. In addition, according to a study that was sponsored in part by the U.S. Department of Housing and Urban Development, home values can increase on average by $20 for every $1 reduction in annual utility bills. Savings of just $40 per month could lead to a $10,000 increase in the value of your home.

    The addition of a solar energy system has proven to draw increased interest from home buyers, leading to shorter periods of time on the market. According to the U.S. Department of Energy, homes with solar sell at up to twice the rate of their conventional counterparts.

    Source: Berkeley National Laboratory

    The Environmental Benefits of Solar Energy

    The environmental benefits of solar energy are clear and create a significant positive impact on the world around us. Solar helps to reduce air pollution and greenhouse gases by limiting the burning of hydrocarbons for power generation. A standard 6 kilowatt hour (kWh) system performing for 25 years can reduce your carbon footprint by over 150 tons of carbon dioxide Based on assumed 25-year system production of approximately 200,000 kWh converted using the EPA's greenhouse gas calculator., equivalent to:

    • Planting over 3,500 trees
    • Not burning 15,750 gallons of gasoline
    • Recycling 50 tons of waste
    • Displacing carbon emissions from the annual electricity use of 19 homes

    The burning of fossil fuels has polluted the environment and accelerated global warming. Clean, renewable energy sources provide an attractive substitute – by going solar, you can contribute to keeping the environment healthy for generations to come.

    Source: Union of Concerned Scientists, ucsusa.org

    Source: Union of Concerned Scientists, ucsusa.org

    Source: GTM Research, Solar Energy Industry Association

    Solar Jobs and Energy Independence

    Today, the U.S. solar market remains relatively small when compared to the overall U.S. electricity market, but still generates enough energy to power 3 million American homes. With the widespread adoption of solar, the U.S. can move closer to energy independence and limit spending on foreign oil imports.

    According to the U.S. Department of Energy, imports accounted for nearly 40% of U.S. oil consumption last year. The cost to import this oil: almost $300 billion! Solar, in contrast, is a practically limitless clean energy resource that can be generated locally.

    The solar industry is now a significant contributor to employment in America, with over 140,000 people now working in solar. Job growth in solar is ten times higher than the national average, helping fuel the U.S. economy. By going solar, you can reduce our country's reliance on foreign oil imports while supporting job growth in the U.S.

    Source: GTM Research, Solar Energy Industry Association

    Source: GTM Research, Solar Energy Industry Association

    U.S. Residential Solar Overview

    Over the past decade, there has been a surge in residential solar installations in the U.S., as the benefits of going solar have become increasingly clear. A tiny market in the early 2000s, residential solar has grown almost 75% annually since 2008 due to significant declines in manufacturing costs and increased economies of scale.

    More solar panels have been installed in the U.S. over the last 24 months than in the previous 30 years combined. This rapid growth has been driven by Homeowners looking to save money, increase the value of their homes, help the environment and achieve energy independence. While solar adoption was once inspired primarily by a desire to support the environment, the compelling economic benefits of solar are now a key reason many Homeowners are making the decision to go solar.

    Simplified installation processes, coupled with significant cost savings, are supporting the projections for continued high growth in U.S. solar for the foreseeable future. We are accelerating the adoption of solar with our solar loan product, which shifts even more savings to the Homeowner and provides a full service offering, including performance and maintenance guarantees.

    Source: GTM Research, Solar Energy Industry Association

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