5 Advantages of Solar Power

2. Gives You Freedom and Control Over Electricity

U.S. households have experienced a steady increase in both frequency and duration of power outages over the last 15 years, according to research from Lawrence Berkeley National Laboratory.⁴ The United States has the highest number of power-outage minutes of any developed nation. Our electricity grid is 100 years old and was not built for today’s vastly increased population and extreme weather events. California’s largest utility, PG&E, estimates it will need $75 billion to $150 billion over several years to make the grid more secure, a cost that will be passed on to customers.⁷

Our grid needs to be modernized to meet the increasing demands of a plugged-in society. Adding a home battery unit powered by residential solar panels can  store enough electricity to power homes through peak usage hours, thereby giving households the freedom to control their family’s electricity.

Brightbox^TM home batteries along with solar panels are also a viable buffer against the rolling blackouts introduced by electric companies for wildfire prevention. Today’s antiquated grid means that even communities not directly threatened by wildfires will experience power outages. All PG&E customers are at risk of losing power this summer, impacting up to 16 million people. 

With a residential solar system, your home is powered by rooftop solar panels during the day and by energy stored in the battery at night. By installing solar panels, you gain energy independence.

Solar panels and home batteries are becoming more affordable, accessible, resilient and efficient. They provide peace of mind and energy security for households when the power goes out or the next storm strikes. Sunrun’s Brightbox home battery system replenishes with energy generated from the sun and removes the inconvenience, uncertainty and expense of refueling a gas or diesel-powered generator. The clean and silent Brightbox battery is a preferred alternative for many families to a traditional backup generator.  

3. You May Save on Your Current Utility Bill

If you’re facing rising home energy expenses, home solar panels can offset your costs. 

Savings can even accrue on cloudy days, since the sun emits energy through clear and cloudy skies. Solar offers year-round efficiency and savings, even in colder, cloudy climates. Depending on their size, efficiency and orientation relative to the sun, some solar panels actually generate more electricity than your home consumes. This could reduce your monthly electric bill to zero. In some areas, you may actually qualify for a rebate if your residential solar power system produces excess electricity. Check with your area’s solar power guidelines.

Most utility bills are rising every year. With Sunrun’s solar service plan, customers pay predictable rates for the next 25 years.

4. Qualifies for Tax Breaks

Another factor in the increasing affordability of solar panels is the availability of federal, state and local tax breaks. For exampe, the federal solar tax credit gives you a dollar-for-dollar reduction against your federal income tax. Currently, the residential federal solar tax credit gives you a dollar-for-dollar reduction against your federal income tax equal to 26% of the final cost of solar energy systems you install on your home. This benefit exists through December 31, 2022. In 2023 the residential tax credit will step down step down to 22%. In 2024, the tax credit for residential solar ends. ³

In addition, purchased residential solar panels can improve the resale value of your home. According to Zillow Economic research, homes with solar-energy systems sold for 4.1% more on average than comparable homes without solar power. For the median-valued home, that translates to an additional $9,274.⁴

5. Costs Have Fallen

The cost of solar has dropped dramatically in recent years, falling more than 70% in just the last decade.⁵ You’ll save money on maintenance too, since there are no moving parts to break down. In addition, the cost of home solar batteries have dropped substantially as well. The benchmark levelized cost of electricity (LCOE) for lithium-ion batteries has fallen 35% to $187 per megawatt-hour since the first half of 2018, according to research company BloombergNEF (BNEF). ⁸

The time for solar is now. See if it is right for you. We’re here to help every step of the way. Contact our Sunrun solar advisers for a complimentary solar battery storage quote today.