Benefits You Can Enjoy by Adopting Renewable Energy

So you’re having your very own custom home built for you. That’s great! There are a ton of benefits to building a custom home, including a bit more power in deciding how your home will be set up for energy from the start. If you haven’t given much thought to using renewable energy in your new custom home, there are some benefits that can make it worth your while.

Lower Electricity Bills

Cost is a significant factor for a lot of people when it comes to deciding how to power their home. There’s more to cost than just what you pay upfront though. Once your home is built and you’ve been living in it for a while, you’ll appreciate the lower electricity bills that you’ll be paying as a result of going with a renewable energy source to power your home. That’s because at least some of the energy you’ll be using is energy you’ve generated yourself.

Tax Breaks

Okay, so that upfront cost still needs to be paid. That holds true regardless of how you choose to power your home though. When it comes to renewable energy sources, such as solar power, the good news is that you can get a little help from Uncle Sam. There are solar tax credits that are still available to homeowners who choose to install solar panel systems for their homes. Don’t wait around for long though. You should take advantage of solar tax credits now because they will begin expiring in 2022 .

Increasing the Value of Your Home

Sooner or later, your home will need to be sold, even if you intend to live in your beautiful new custom home for the rest of your life. Maximizing the value of your home will only benefit you when that time comes. Additionally, increasing your home’s value allows you to leverage more equity in the event that you have a need to take out a HELOC . Given that one of the driving factors behind home values is what people are willing to pay for any given property, and the fact that home buyers are generally more environmentally aware and concerned than before, it stands to reason that adopting renewable energy is a viable way to increase the value of your home.

It’s always easier to make a decision when you have all the important pieces of information. The pros and cons are just the start. When it comes to deciding whether or not to adopt renewable energy as the source of energy in your home, understanding what some of the benefits are is a definite step in the right direction.