5- Advantages of Installing Solar Panels
The sun is the most abundant energy source on Earth, with great potential to power our planet in a reliable and clean way. When the sun’s radiant energy is converted into heat and electricity, it can power homes, businesses, and even vehicles.
Now might be a good time to learn about the benefits of solar energy and consider installing a solar energy system in your home. Then you can determine: Is solar energy the right choice for you?
How do Solar Panels Work?
Solar panels absorb solar energy when the sun shines, with individual photovoltaic (PV) cells capturing the energy. These cells are composed of layers of semi-conducting material, most commonly silicon.
The PV cells generate an electrical charge when they absorb sunlight. The stronger the sunshine, the more electricity produced. However, cells can function without direct sunlight and even on cloudy days.
This electrical charge creates a direct current (DC) of electricity.
The direct current passes through a solar inverter to convert direct current into alternating (AC) electricity. You need AC electricity to power your household appliances.
Solar Installation Can Save Money
Solar energy has the potential to significantly reduce your monthly electricity bills. With rising utility bills, solar installation is expected to remain a cost-effective and sustainable option for years. The amount you save depends on the size of your solar energy system, the electricity you consume, and the power it generates.
You can also choose a leased, third-party-owned system that allows a homeowner to install solar panels on their roofs and buy back the electricity produced at a reduced price. This is often less than what utilities charge customers, allowing electricity rates to be fixed for years.
Improve Home Value
The cost of a home with solar panels will likely be higher for homebuyers. Considering solar energy benefits and drawbacks, the savings on electricity bills, and the revenue generated from selling power back to the utility all count in the plus column.
Residential solar energy systems are highly valued and can significantly enhance a home’s resale value. A home with solar panels can potentially increase its property value by up to $15,000 compared to its neighbors.
Solar systems need very little maintenance and are fairly easy to install. If you choose a solar lease or power purchase agreement (PPA), your solar provider handles both. Think about this as you ask yourself if solar energy is worth it.
Home Solar System Provides Sustainable Environment
Residential solar systems are not only an affordable solution, but they are also environmentally friendly. Hence, by efficiently using the largest and most natural power source, users can also improve their environmental impact.
This occurs because solar energy and power generation are free of harmful emissions, such as the greenhouse effect.
Earn Extra Income by Selling Surplus Electricity
Once your energy demands are satisfied, you can sell the extra electricity and earn extra income from your home. On sunny days, excess energy from solar panels can be stored in batteries or redirected back into the grid, potentially earning compensation from utility companies.
Homeowners can store surplus energy at night or overcast days by combining solar panels with energy storage devices. In off-grid areas, solar panels offer an affordable power option while generating potential savings from selling excess energy back to the grid.
