INSTALLING SOLAR PANELS IN YOUR HOME
-ALL YOU NEED TO KNOW
Solar energy is one of the cleanest forms of energy. The primary advantage of solar energy is that it is a renewable source of energy. It can not be run out or is endless. Every year we pay a significant amount of money to our utility provider. Don’t you desire bill-free energy available all throughout the year, or at least for some months so you can save a significant amount of money.
We all want that, and the solution to all our problems is solar panels..Does high electricity cost and erratic power supply prevent you from freely using electricity, the way you would wish to? What if we tell you that the power of the sun, if channelized, can power up your TVs, ACs, heaters, refrigerators, computers, food processing units, and other devices without interruptions and at the same time, provide you a great opportunity to save on your monthly electricity costs.
Investing in solar energy is the future! Not only does it help you in reducing electricity cost, but it also reduces your carbon footprint, your dependency on centralized power supply, and much more.Let us look at the five benefits of adopting solar power for homes.
The key benefits of installing solar panels in your home are as follows.
- Save lots of money
Immediately after installation, you might notice a big dip in your electricity bills. The major advantage of having solar power at home is that you can save on monthly electricity costs. A joint study by policy and research group CEEW and power distribution company BYPL concluded that installing rooftop panels can save up to 95% of your monthly electricity bills.
Switching to solar electricity aids in decreasing your dependence on the grid-based electricity because the solar panels directly allow you to generate electricity with the help of the sun.
Reducing electricity costs will,in turn, help you in increasing your savings significantly. Thus, a solar power system ensures year-round service, efficiency, and savings. If you have an off-grid setup, hen you can completely eliminate all your electricity costs. Also,Solar panels help to reduce or eliminate your electricity bill. In the summer season, your energy bill can be completely eliminated. In winter and season, it can be reduced up to a significant level.
- Increase your property value
Did you know that installing solar panels can also increase your property value by 3-4%? Equipping your home with a solar energy system drives up property values and offers an attractive selling point for real estate agents to market your property. Research conducted in the USshowed that homeowners with solar power systems not only regain the initial cost of their solar systems when they sell, but they also receive a premium that will increase the return on their investment.
- Contributing to a better environment
Even though fossil fuel-generated electricity is convenient, it is disastrous for the environment. By adopting solar rooftop systems, you have invested in a green and renewable energy source which is beneficial for the environment. Solar power is completely clean, it produces no air pollution, no water pollution, and no greenhouse gas effects. It is also carbon-free, no harmful emissions are released when electricity is being produced by solar panels. It also reduces the need for finite resources. You can now enjoy your renewable, clean power every day continuously guilt-free!
- Enjoy Rebates & Incentives
Depending on where you live, the cost of installing a home solar system can be reduced by up to 50%. This is why you should consult a professional solar consultant and installer in your area to help you file all the necessary requirements which can reduce the cost of a home solar system.
In the United States, the federal government is promoting solar energy as a means of reducing carbon footprint. You can enjoy many financial incentives for homeowners who are switching to solar energy as their source of power in the US. In other countries, you can get rebates and tax credits that come with home solar systems.
- Opportunity To Earn Some Money
Home solar systems also give you the opportunity to earn some money from the electricity they generate. This is where net metering comes in. Net metering is an electricity billing mechanism which allows consumers to receive credits from the excess power their home solar systems generate or adds to the grid.
Homeowners who have a home solar system installed can send their excess electricity back to the power grid and get compensated for it. Net metering is a program that has been widely adopted worldwide, though, there’s no set price for the credits you’re going to receive as it depends on where you live. In UK, renewable energy accounts for 7.6% of the country’s power demand and that includes home solar systems.
Although some power companies believe that net metering can hurt their profit, it’s actually really helpful for them, especially during times when the demand for electricity is at its peak. Solar powered commercial and residential buildings can help lower the strain on the power grid.