It can support household savings, energy independence, economic opportunities, grid resilience and security, and a safer planet. The U.S. Department of Energy Solar Energy Technologies Office (SETO) launched the Connect the Dots on Solar Energy campaign to shed light on the many benefits of solar energy and to help make sense of the solar.. Benefit 1: Solar panels are increasingly affordable. Residential solar is more affordable than ever, especially with the extension of the federal residential solar tax credit . Taxpayers can claim a 30% tax credit on the cost of solar systems on their income taxes. But be sure to install before January 1, 2033, when the tax credit is set to.

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In 2024, an average 11 kW solar panel system costs $22,022 upfront including installation costs and the federal solar tax credit (more on that later). This is a hefty price tag, but when you consider how much you otherwise would've spent on electricity, it's easy to understand why millions of homeowners have gone solar.. Enjoy the benefits.. The initial investment of installing solar panels is high, but in the long run, solar systems preserve the environment and can supply more electricity than any other power plant in the world. The energy of the sun is free and low maintenance. Although there are some cons of solar energy, the advantages of solar are numerous.