Solar Seniors: Powering Future Generations with Clean Energy
Seniors are paving the way towards clean energy and have become the most knowledgeable group regarding solar power. With the largest percentage of Americans falling into the over 65 age category, the majority – 64 percent – have a positive view of solar energy, according to Pike Research. The data also found that 58 percent of Americans aged 55-69 would like to install solar because of their “concern for the environment and to decrease energy costs.”
Seniors view solar as one of the most advantageous retirement investments they can make, along with their home value overall. The U.S. Census Bureau found that 69.2 percent of those aged 45 to 54 own a home. However, for those 65 years and older, that number increases to 78.8 percent.
Seniors look at the following factors when deciding to make their solar investment:
- Saving Money. You can see a reduced electric bill very quickly. Solar can supply up to 100% of your energy usage and bring your bill down to zero!
- Avoided rate hikes. With electricity rates increasing every year, your rate will stay the same if you generate your own power. You are protected from rate increases for the lifetime of your solar power system (which is generally 20-30 years).
- Solar increases the value of your property. Recent studies have found that homes with solar panels sell at a higher price than those without solar.
- Switching to solar power helps to improve the environment by reducing greenhouse gas emissions and a reliance on non-sustainable energy sources.
“Solar seniors” are investing in their children, grandchildren and generations to come. As the number of Solar Seniors continues to grow throughout the U.S., there will be profound changes made in the way we live now, the future of clean, renewable energy, and the way we will live for years and years to follow.