Solar energy for residences is an emerging trend and it is totally worth it. The amount of solar connected to the electric grid has increased exponentially in the recent past years. There are now many households that are generating their own power using solar energy. This clean energy source is helping solar homeowners save money and enhance the value of their homes.
At the same time, it is also making the electric grid more dependable. Let’s take a deeper dive into how solar energy is benefitting homes in different ways.
Cost Savings with Low-Risk Investment
Solar panels for homes can help in cost savings for your electricity needs. Be it cloudy weather or be it heavy-duty AC, solar energy will back up your energy demands. These solar systems offer far better flexibility than traditional utilities. They also provide you with the freedom to buy electricity at lower rates from a third-party system.
Moreover, solar systems with batteries store the extra electricity and allow you to utilize the same when the broader grid goes down, securing you from extra unnecessary costs. A solar panel is typically expected to have a lifespan of 25+ years, and the payback period is around 4 to 5 years.
There are several aspects that determine the savings and turnaround time of investment, including:
- Solar energy system size
- Whether you lease or own the system
- Electricity consumption
- Hours of daily sunlight
- Local electricity rates
- Size and angle of roof
Increased Home Value
While solar panels meet your home needs, it also has the unique benefit of increasing your property value. Most buyers view it as an extra benefit and are willing to invest more in a property that includes solar panels installed for home energy demands.
This appreciates the property value from time to time and gives you a return on both investments on the solar panels and property. So, if you invest in a solar panel, it gives you the advantage of saving costs for electricity and also generating energy with sunlight.
Environment-Friendly and Long-Term Sustainability
John Gill, Operations Director at Easy Concrete Supply, said, “Solar energy minimizes the dependence on renewable sources. It also provides you with the privilege to support environmental initiatives right from the comfort of your home. Millions of people in different communities have profited from solar energy-based distributed and decentralized applications. They offer environmentally friendly cooking, lighting, and other energy requirements.”
For every kilowatt of solar energy generated, greenhouse gas emissions will be significantly reduced. These may include CO2, nitrogen oxides, sulfur oxides, and other particulate matter. In this way, you can promote sustainability and fulfill your part for an environment-friendly atmosphere.
Energy Independence
Solar energy makes you entirely energy-independent. Moreover, you can also reduce your dependency on traditional energy sources. Traditional utilities typically consume large quantities of water as compared to solar power which has lower requirements.
Regardless, commitment to solar power also shows that you are dedicated to reducing the carbon footprint that comes from increased exploitation of non-renewable energy sources.
Reduce Your Home’s Electricity Bill
A solar energy for your house can minimize your dependence on the grid. It will help you save your money on electricity bills. Some homeowners of residential solar energy systems may also have extra power that they can use in selling to the utility.
Instead of paying a utility bill for electricity, the utility will pay you for the electricity. There is also no need to purchase the whole solar energy system to cut your home’s electricity bill. Simply choose solar lights that are powered by the sun rather than your home’s electricity system. It will help you to further save your money and solar energy for other uses.
Adaptable to All Climates
Daniel Cabrera, Owner and Founder of Fire Damage House Buyer, said, “Solar panels do not depend on the climate conditions for its installation. It is so because the panels are incredibly adaptable to all climate conditions. Even locations with low solar resources can encounter cost savings.
All you need is sunshine for the system to function and store the energy. Once you store the energy, you can utilize it in various times and climates. There is no need to have sunlight all the time.”
Keep the Lights On When the Grid Goes Down
When you generate your own solar power, it will give you the freedom to keep your lights on if there is a disruption in power. Solar-plus-storage systems are residential solar energy systems paired with battery storage to provide power. It is regardless of the time of the day or the weather without having to rely on backup power from the grid.
Since battery technology enhances and financial incentives for energy storage go into effect, choose to invest in battery storage. It is so because it makes more sense for households in the long run.
Low Maintenance Costs and Extra Income
Dan Beech, Financial advisor at Simple Wealth, said, “Solar panels are very easy to maintain since they have no moving parts that go weary or burn out overtime. You only need to keep them clean and maintain good physical condition so that they function properly. Between their average lifespan of 25 years and low maintenance costs, it can be easy to attain the worth of your money that you invested in solar panels.”
Once you have met your energy needs, you can always sell the surplus electricity. In this way, you can earn added income from your home investment. During sunny days, there is excess energy from solar panels that can be stored in batteries. You can feed back this energy into the grid and have a chance to earn compensation from utility companies.
If you pair up solar panels with energy storage systems, you can store surplus energy for use on cloudy days or at night. In off-grid areas, solar panels provide an affordable power solution while generating potential savings from selling extra energy back to the grid.
No Need For Your Own House For Solar Panels
Are you in a rented house or are you living in a high-rise condo building? Not a problem. Community solar programs lets multiple people take advantage of a single, shared solar array. You can install these arrays on your buildings or offsite in a different space.
Buying costs and the solar energy system installation are then divided among all the participants. All of them are then able to purchase the shared system at a level that fits their budget.
Conclusion
Residential solar energy solutions offer several benefits to businesses and homeowners alike. Some of the advantages of residential solar energy include reduced reliance on fossil fuels. It helps to maintain an environmentally friendly atmosphere. It also increases dependence and security on fluctuating prices of energy. You can improve your air quality because of the reduced emissions from traditional energy sources. Overall, a solar energy system can provide you with a range of benefits, and they are totally worth the money.
