4 Home Investments That Will Save You Money Over Time

Looking for ways to save money while investing in your home? Investing in long-term projects that lead to lower monthly costs can be an excellent way to save money. Plus, when done correctly, you’ll also enhance the value of your property and enjoy a better living environment. To help get you started, here are 4 surefire investments in your home that will pay off over time.

Solar Energy Systems

Solar energy systems for the home continue to improve year after year, and the cost of both panels and installation has become much cheaper. On top of that, solar panels are becoming even more efficient, making it easy to power your home with free energy from the sun.

Homeowners are enjoying a faster-than-ever return on their investment in solar. In fact, the average system can be paid back to a homeowner in just 7.5 years by reducing or even eliminating your electricity bill. Plus, you can receive a 22% tax credit on your investment until 2024 thanks to the Investment Tax Credit.

Solar Batteries/Net Metering

Did you know that some home solar energy systems create more energy than a household can use? With solar batteries, homeowners with solar energy systems can store the energy they don’t use. With net metering, you can even sell that energy back to the grid. So, not only can you eliminate your electricity bills completely with a solar energy system, but you can even make money on the energy your system produces and pay off your investment in solar even faster.

Smart Home Thermostat

If you’re looking for a handy device that enables more energy-efficient living, look no further than the smart home thermostat. These thermostats “think” for you, so you’re only heating and cooling the parts of your home when you need to. 

Smart thermostats detect when no one is home and turn off the heating and cooling systems. They can also target heating and cooling only to occupied rooms, and they can even understand your household’s schedule for worry-free efficiency. 

Tankless Water Heater

Investing in a tankless water heater is an investment in efficiency. This helpful appliance reduces your energy bills since water gets heated only on demand, unlike a traditional water heater that uses energy to keep water hot 24/7. While the upfront cost of a tankless water heater may be high, you’ll save money over the years in water and energy. 

Make Smart Investments in Your Home Today

When it comes to practical home improvements that save you money over time, investing in solar energy systems—along with batteries and net metering—offers the best bang for your buck. Ready to save money and make the switch to solar? Contact the solar experts at Solar Bear of Tampa today at (727) 471-7442 to get started!