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11 Reasons Solar Panels are a Great Investment

If you’ve been wondering whether a solar panel system would be a good investment for your home, the answer is probably “yes.”

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11 Reasons Solar Panels are a Great Investment

As energy prices rise and environmental concerns grow, many people are looking to solar power as an alternative source of energy.

To find out if installing a solar panel system is the right choice for you, keep reading to learn more about the advantages of owning an eco-friendly home energy supply.

1. Solar Panels are Highly Efficient

Thanks to technological advancements in recent years, solar panels are now far better at converting sunlight into usable energy than they were decades ago.

The average commercial solar panel has an efficiency rating of around 15%, which means it can take a typical 1,000watt-hour (Wh) beam of sunlight and transform it into 150 watts worth of usable energy.

2. Solar Power is More Affordable Than You Might Think

Solar panels are big investments upfront, but the long-term costs are much lower than you might think. The average home solar system costs anywhere from $20,000 to $30,000 for a typical system, depending on electricity costs in your area and the size of your home.

Some cities offer state or federal tax credits that can be used to offset these costs, however, making them even more affordable.

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3. Solar Panels Can Help You Save Money on Your Energy Bills

Once your solar panel system is installed, it will start to generate power for your home immediately. Over time, this will reduce the amount of energy you need to purchase from your local utility company, saving you money on your energy bills. In some cases, homeowners have been able to completely eliminate their energy bills by using solar power.

4. Solar Panels Help Reduce Your Carbon Footprint

One of the best things about solar power is that it’s a clean, renewable source of energy that doesn’t produce harmful emissions as fossil fuels do.

By installing a solar panel system, you can help reduce your carbon footprint and do your part to help protect the environment for future generations.

5. Solar Power Can Increase Your Home’s Value

In addition to making your house more energy-efficient and eco-friendly, a home solar panel system can also make your home more valuable.

There is some evidence that homes with solar panel systems installed sell faster and command higher selling prices than similar non-solar homes.

So, if you’re thinking about putting your house on the market soon, having a home solar energy system installed could be a great investment.

6. Solar Panels Require Little Maintenance

One of the best things about solar panel systems is that they require very little maintenance once they’re installed. Unlike a gas or oil furnace, your solar panel system will not need to be replaced or repaired nearly as often.

While you should still have a reputable solar power company check your system on an annual basis to ensure it’s working properly, you won’t have to spend a fortune fixing and replacing parts like you would with other types of equipment.

Ultimately, there are lots of reasons to consider installing a home solar panel system. Not only can it help reduce your energy bills, but it’s also good for the environment and can increase the resale value of your home. So if you’re thinking about going solar, there’s never been a better time to make the switch.

7. Solar Panels Protect the Environment

Let’s consider the value of solar panels apart from the financial realm. Solar panels not only reduce your electricity bills but also offers powerful value to the environment. It’s like saving the planet, maybe to a little.

For example, California had a destructive wildfire season on record in 2017-18. A total of 1,548,429 acres got burned in the fire and that directly impacts climate change.

Research shows that this climate change includes warmer and drier conditions and increased drought. It leads Californians to install solar panels at home to reduce the risk in the summer climate.

Solar panels basically use clean and abundant energy from the Sun in order to produce power. As already mentioned, solar panels can dramatically reduce the carbon footprint of homes. So, investing in solar panels can ensure a stable and safe future in a protective environment.

8. Solar Panels Provide Government Subsidies and Other Incentives

Many governments offer a local program where the house owners with solar panels can get an unsecured loan. It’s because the government has realized the importance of solar panels instead of powering the houses with national grids.

Not to mention, these panels also reduce the fossil fuel impact on nature. So, if your government offers you a loan for installing the solar panel, you can opt for it.

9. Houses with Solar Panels Can be Sold Easily

Study shows that houses with solar panels are sold on average of 4.1% more than the houses without solar panels across the US.

It’s also found that houses with solar panels sell faster and in a more straightforward way than the other houses. In contrast, buying a home with a solar panel is also a smart decision.

10. Solar Panels are For Diverse Applications

Undoubtedly, investing in solar energy is a great financial decision because it can be used for diverse applications.

For instance, you can produce heat (solar thermal), solar ventilation, solar lighting, solar distillation, etc., with it. Further, solar panels can easily be used to generate electricity without the need for energy grids.

11. Solar Panels Provide an All-in-One Solution

Solar panels are simply an all-in-one solution. But, Do Solar Panels Work at Night? Well, these panels let you store the thermal power that you generate during the daytime and use it at night. This is a great advantage if you need more power at night for working purposes.

For example, offices and supermarkets invest in solar panels to store the energy for the night also. In short, ultimately, it makes you independent of grid energy.

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