The decision to purchase a solar power system depends on the location where you live. While you should consider local policy and electricity costs, solar energy will work best for homes that get plenty of sunlight. Here are some other reasons to purchase a solar power system for your home. Listed below are some of their key benefits. Read about the pros and cons before deciding whether or not to make the purchase.
First of all, you can save money. Solar energy generates extra power that you can then credit to your electric bill. According to the US Department of Energy, one hour of sunshine in the summer can generate enough electricity to pay your entire utility bill. By installing solar panels in your home, you can offset up to 900 kWh of energy each month. With the 30% tax credit, your out-of-pocket cost will be less than $7000.
You will need to purchase an inverter to convert the direct current from the solar panels into alternating current. You will also need metering equipment to measure the power generated by the panels. Battery storage is an option, but historically, battery storage has been prohibitively expensive. You must also consider the cost of installation labor. In addition, battery storage will require regular cleaning, replacement of inverters, and additional expenses for batteries.
The financial benefits of purchasing a solar power system are numerous. Not only will you get to benefit from the energy savings, but you will also receive tax breaks and other incentives. Purchasing a solar power system will also increase your home’s value by up to fifteen percent. If you’re planning on moving in the future, be sure to ask about the policy of the solar company regarding transferring the contract if you decide to sell your home.
Before purchasing a solar power system for your home, you should take the time to calculate your electricity bills. Depending on your location, the amount of sunlight your home gets each day will affect the size of the solar panel system you need. Once you have these figures, you’ll know the right size for your system. If you’re not sure about your electricity bills, consult a local solar company to find out what size system you need. You might even qualify for government incentives.
When choosing a solar panel, efficiency is the key factor. High efficiency panels are more efficient, resulting in a higher output of power in a smaller space. They can also operate in different sunlight conditions. That means you’ll need fewer panels in the same array. And it also allows for flexibility when designing your array. You’ll be glad you did. If you have the budget for it, buy a solar power system.
While residential solar panel systems are expensive, they require minimal maintenance and will pay for themselves in a few years. After all, you’ll be paying the initial investment in only a few years, and in the meantime, you’ll be saving on your energy bills. Whether you choose to purchase a solar panel system outright or lease it, you’ll be amazed at how much you save on your electricity bills.
