Your electrical panel is the center of your home’s electrical system. Your house’s main circuits run through it, and it’s usually the first place you look if you lose power anywhere in your home. It should be upgraded every 25 years or so to keep your property safe, but doing so can also help lower your monthly energy bills. Here are just a few reasons why.
Increases Your Energy Efficiency
If you have an older electrical panel, it may struggle to meet the energy needs of your household. It might be enough to keep the lights on and power your most essential appliances, but it will be under a lot of strain. This will be reflected in your electricity bill at the end of the month. An upgrade will ensure that all of the appliances and electronics you have in your home will keep running smoothly without running up your utility bills.
Fewer Repairs
Overloaded electrical circuits are certainly dangerous for your home, but they also cost a lot of money to repair or replace. They can also lead to problems such as damaged electronics, fires, and other things that cost money to fix. An upgraded electrical panel can all but eliminate the problems associated with overloads, especially when it’s installed by an expert electrician who will inspect your electrical system for any potential issues.
Rebates and Tax Credits
Not only can a new electrical panel lower your energy bills, but it may also help you qualify for rebates and tax credits. If you’ve recently upgraded your electrical panel or you’re planning to do so soon, check to see if you qualify for the Energy Efficient Home Improvement Tax Credit or the Residential Clean Energy Tax Credit. There may be some rebates and credits available at the local level as well that can help offset your electricity bills.
Increased Home Value
Since a new electrical panel is considered a home renovation, it may help improve the resale value of your house. A new electrical panel has an average 53% return on its investment, so consider an upgrade if you’re planning to sell or refinance your home soon.
Contact Us About a New Electrical Panel in Your Bozeman, MT Home
As you can see, upgrading an old electrical panel can have plenty of financial incentives. If it’s been over 25 years since your last electrical panel upgrade or you’ve noticed signs such as flickering lights and tripped circuit breakers, contact Sacry Electric in Bozeman, MT today.