The obvious benefit to skylights is
that it allows in more natural daylight than side windows
alone. This allows more of the house to be lit naturally
during daylight hours, decreasing the amount of time that
artificial light must be utilized. The less the lights are
on, the less the electric bill is. This tends to be the
chief reason that people install skylights in houses and
other buildings.
The other wonderful thing about skylights is simply that
they allow more natural light into your house, period. In
places where natural daylight is scarce (like Alaska in the
winter) sunlight is a precious thing and people living in
such reasons often go to lengths to make the most of what
sunlight they get. In these places where Seasonal Affected
Disorder is common, employing the use of skylights and
everything else is necessary.
One of my favorite architects, Alvar Aalto of Finland, was a
master at working with natural light.
In the library he designed, he specifically planned out the
use of skylights and artificial lights in order to reduce
the glare on pages of books and make it easier for the
patrons to read.