The uptake of renewable energy sources is growing rapidly, and to date, approximately three million solar installations have been built in the United States. However, as a homeowner, you may wonder if investing in a residential solar power system is the right decision. This article will outline some of the benefits of solar power to help you make an informed decision. To learn more, check solar installers in your area to see what options are available.

Solar energy systems primarily consist of photovoltaic (PV) panels that convert radiant energy from the sun into direct current (DC)0 electricity. You can then use this electricity to power DC appliances and lighting fixtures or convert it to alternating current (AC) by an inverter to power AC appliances.

Despite the many myths about solar power that tend to discourage people from making the switch, there are many tangible benefits to investing in a solar panel system. Let’s explore a few of them.

Cost Savings

One of the main incentives for homeowners to turn towards solar power is the potential cost savings. After installing a residential solar system, most homes can reduce their electricity bills significantly since they are now generating their own energy. Furthermore, various federal and state incentives may be available to homeowners wanting to switch to solar power, thus making it even more cost-effective in the long run.

However, several factors influence the amount of savings you can achieve with solar:

Solar energy system size – Your photo-voltaic system primarily consists of solar panels to generate electric energy, a battery pack to store it, and an inverter to convert the electricity from DC to AC. Therefore the number of panels and the size of your battery pack will determine the amount of electricity you generate and your potential savings.

Hours of direct sunlight per day- The amount of sun exposure your roof receives will help to determine the amount of electricity your panels can generate. Thus climate and location are both critical factors.

Electricity rates in your area- Electricity rates vary significantly across the United States, so check to see what electricity rates are in your area.

Usage of electricity – Your electricity usage and demand will also play an essential role in determining how much can be offset.

Environmental Impact

If you are keen on being proactive in saving the environment. As a renewable energy source, solar energy reduces our reliance on fossil fuels, thus reducing the release of harmful greenhouse gases like carbon dioxide into the atmosphere.

In addition to reducing reliance on fossil fuels, other environmental benefits include reducing water consumption, reducing air pollution, and other contamination effects of fossil fuels.

Increased Home Value

Installing a solar energy system can increase your home’s value if you ever choose to sell it. As more buyers look for homes with energy-efficient features, your home will be more attractive to potential buyers if it is powered by solar.

For instance, a Lawrence Berkeley National Laboratory study reports that homes with solar power systems sold for $15000 more than comparable homes without solar power.

Independence From the Electricity Grid

The assurance that you can still power your home even if the power grid goes down is an invaluable benefit of solar energy. This makes it an excellent solution for rural areas or those prone to severe weather or natural disasters.

In addition, if you need to power, say, farm equipment or other specialized equipment, you can use the electricity generated by your solar energy system.

Make Extra Money

Do you have extra electricity that you are not using? Some states allow solar panel owners to sell any surplus electricity they generate. This means you can earn some extra money or electricity credits to offset your electricity bills.

In addition, check with your state for additional incentives that may be available for homeowners using renewable energy sources such as solar power.

Protect Yourself From Fluctuations In Energy Costs

As electricity market prices continue to fluctuate, you can be sure that your solar system will provide you with a steady stream of energy at a fixed rate. This will help you budget better as you know exactly how much your energy bills will cost each month.

Solar energy has several benefits, from helping you save money and reduce your carbon footprint to giving you more independence with your electricity supply. To get the most out of your solar energy system, check that the system size is suitable for your needs and the available incentives from your state or federal government. By ensuring these factors are in place, you can maximize your savings and be sure that you have an efficient and reliable solar energy system.