Millennial Homeowners: An Increasing Demand for Solar Installation
Many of the millennial generation are moving towards home ownership. Not only do they want a place to live and raise their families, but they are looking for solutions to integrate technology and improve comfort at home. Smart technology and renewable energy are often at the top of the priority list for millennials.
Priorities: Environmental Protection and Cost Reduction
The desire to use renewable energy comes from two sources of motivation:
- Environmental Protection: Millennials are aware of global warming and the way our current decisions affect the future of our planet. They want to do their part in reducing carbon usage, which in turn helps with overall efforts to protect Mother Earth.
- Cost Reduction: Additionally, taking on a mortgage means that monthly costs will increase, so they are looking for ways to spend less money. Installing solar panels is an effective method to reduce overall expenses and manage monthly spending.
Timeline for Solar Installation
In recent surveys, many millennials indicated their desire to install solar panels within the next five years. Why wait to make these home upgrades when you could start saving money right away? Most households can reduce their spending on electricity, even with the cost of making monthly payments to cover the cost of the solar equipment. Taking out a 12 year loan to pay for the solar system is more advantages than staying on the life time payment plan with the utility company. Once the solar panel system is paid in full, then the expenses are reduced even more.
While the demand for clean energy at home is high among millennials, other generations are also looking for solutions to improve their homes and save money at the same time. As a result, solar installation providers are working hard to maximize offerings to ensure custom results for every family. The technology has advanced and has become more affordable so that solar power is available to anyone who desires renewable energy at their home.
Personal Recommendations for Solar Installation
At New Day Solar, we want to help you find the right solar equipment for your home and budget. If you are considering going solar, then we invite you to contact our team at: (855) 444-6329 or you can visit us online at: www.newdaysolar.com. We have 31 years of solar installation experience and will always give you honest answers to your solar questions.