Unlocking the Power of Solar
As the world continues to grapple with pollution’s effects, solar energy has emerged as a top contender for its cleanest and most reliable power source. Experts expect to see a 40% increase in solar installations between 2023 and 2027.
From residences to commercial establishments, solar energy offers considerable promise in our shift away from fossil fuels. However, is it a wise investment of your own finances?
Let’s delve into whether transitioning to solar power could be advantageous for you. Here are some key benefits of solar energy to consider:
Solar energy represents an outstanding source of renewable, environmentally friendly power. It neither depletes resources nor leaves a carbon footprint, making it a sustainable choice that significantly reduces the environmental impact associated with fossil fuel production. Additionally, this alternative energy source consumes minimal water compared to conventional electricity plants.
Decrease Electric Bill
With the continuous increase in electricity expenses, informed consumers are adopting solar energy as an alternative or supplementary power source for their residences. By making the shift to solar energy, households can look forward to substantial monthly savings!
Increased Home Value
Investing in solar energy is the perfect way to add value and appeal to your home. Not only will you reap savings on utility bills, but studies have shown that homes with a solar system can fetch higher prices than those without when it comes time for sale.
According to studies from the National Renewable Energy Laboratory, every dollar a solar panel saves you on your electric bills increases the value of your home by $20. In addition, homes with solar panels installed sell for four percent higher than those without.
Solar prospects are not limited by geographical location. While certain regions are better suited for solar energy generation than others, even areas with relatively modest solar resources can realize cost savings. Solar energy is accessible every day of the year, and even on cloudy days, it has the capacity to generate some power.
Earn Tax Credits and Rebates
Based on the federal income tax credit, homeowners will get 30 percent of total system costs back from equipment and installation when filing taxes. Combine this with state and local rebates and Solar Renewable Energy Credits (SRECs), and cost can be greatly reduced.
Regardless of where you live, it’s likely you have some amazing solar incentives in place. Learn more about what is available to you and take advantage of these benefits while you can.
Setting up a solar system represents an investment in future financial benefits, as regular maintenance primarily entails keeping the panels free from debris. With minimal effort and no requirement for expensive maintenance, individuals can relish consistent energy generation with virtually no upkeep.
Power Prices on the Rise
Over the last ten years, electricity rates have steadily increased and show no signs of decreasing in the near future. However, with solar power, consumers can counteract the surge in bills. In fact, some are even able to generate a profit by selling surplus unused energy back to the utility company.
Expect a Long Lifespan from Equipment
With solar panels, your energy savings will continue to add up over time. The good news is that most residential solar panels should operate for 25 years before degradation (or reduced energy production) is noticeable. Even at this benchmark, solar panels can still continue to convert sunlight into energy – just less efficiently than when they were originally installed.
It’s also important to note that most manufacturers offer short warranties for solar equipment. This can be crucial in the event of extreme weather, fallen branches, etc.
Since its humble origins of harnessing sunlight, solar power technology has undergone remarkable advancements. With greater accessibility and reduced costs, an increasing number of individuals can now enjoy the benefits of this sustainable energy source. Solar technology continues to evolve, becoming more sophisticated and efficient, and even enhancing its aesthetic appeal over time.
Solar energy stands as an incredible means to both economize and contribute to environmental conservation. Over several years, investing in a solar system can result in substantial electricity savings for consumers. Consider the factors outlined above to make an informed decision for your home!
Do solar panels work on cloudy days?
It depends on the day, but generally solar panels work at 10 to 25% efficiency on cloudy days.
What are the best roof conditions for solar?
The most ideal roof to install solar is a roof in new or good condition (based on the estimate the panels will last about 25 years), that does not have any obstructions that cause shade. Ideally, the roof would have no more than a 30-degree angle.
Do solar panels work in a blackout?
If your solar panels are connected to the grid, they will shut off in the event of a power outage. However, there are certain inverters you can buy that provide backup power throughout a blackout when paired with a battery