Solar Panels More Feasible, More Valuable4 Key Surprises

With more homeowners and businesses aiming to slash energy expenses and shrink their environmental footprint, solar energy has emerged as an ever-more appealing choice. Yet many remain unaware of the most compelling perks of installing solar panels on their property. Below are surprising insights that may just persuade you to make the switch.

1. They generate power even on cloudy days

A common myth is that solar panel systems only function under bright sunlight. In reality, they can still produce electricity on overcast days by absorbing diffused sunlight—and stored energy generated during the day can be used after dark. While output dips in cloudy conditions, modern panels are designed to maximize efficiency even in less-than-ideal weather. In fact, solar setups in cooler, cloudier regions often outperform those in extreme heat, as excessive temperatures can hinder efficiency over time.

2. They drastically cut your electricity bills

Solar panel installation can significantly reduce—or even eliminate—your monthly electricity costs. By producing your own power, you’ll rely far less on the grid, translating to substantial savings. Many homeowners and businesses even generate surplus energy, which can be sold back to the grid via net metering programs to offset costs further.

3. They boost property value (without raising taxes)

Adding a solar energy system increases the value of your home or business. Studies confirm that properties with solar panels sell faster and at higher prices than non-solar counterparts, as prospective buyers recognize the long-term savings and sustainability benefits. What’s more, in states like Michigan, solar property tax exemptions let homeowners exclude the added value of solar panels from their home’s taxable valuation—so your property taxes will still reflect your home’s pre-solar worth.

4. They’re more affordable than ever (plus incentives!)

Many falsely assume solar panels are too costly to be worthwhile, but that’s far from the truth: solar system costs have plummeted by 90% over the past decade.

Federal and state governments also offer generous financial incentives for solar investments, including federal tax credits, grants, and accelerated depreciation benefits. For instance, homeowners and renters can qualify for coverage of 30% of costs, while businesses can get 20% covered. These perks slash upfront expenses and speed up returns on investment—many users recoup their initial outlay within just a few years through energy savings alone.