Solar energy is environmentally friendly, renewable, and abundant. As the cost of using solar to generate electricity decreases yearly, more Americans are switching to solar. As a result, over a million residential solar panel installations have been installed across the country. Additional advantages of switching to solar panels are listed below. A solar panel is an excellent option for anyone looking to reduce monthly utility bills while making a long-term, low-risk investment.
The energy efficiency of solar panels depends on various factors, including the structure connecting the individual cells, the temperature threshold, the type of inverter, and the positioning of the panel sheets. Solar panels with high energy efficiency are more effective and can replace traditional energy plants. High-efficiency solar panels installed by Aurora solar installers can save up to 2.3 times more energy per square foot than low-efficiency panels.
The efficiency of a solar panel depends on its number of photovoltaic cells, the number of which varies between twelve and eighty. The rated power of a solar panel ranges from thirty to three hundred and fifty watts. The lowest-efficiency type of solar cells is amorphous or organic, while the best-performing silicon solar cells have an efficiency of about 17-25%.
When you install solar panels, you will see that your electric bill goes down. It is because the panels produce tons of free electricity. You can use some of this energy for your own needs while exporting the rest to the grid and receiving credits from the utility company. This practice is called net metering and is a great way to save and earn money. Fortunately, it’s easy to start with this system and earn cash immediately.
When you install a roof-mounted solar panel, you won’t have to pay the municipal utility for your electricity. Moreover, the average homeowner will save over $50K in the first 20 years. A home that uses solar energy will pay less than a fifth of its original cost after 20 years.
Increased Resale Value
You’ll have many benefits when you have solar panels on your property. One of them is the increased resale value. The value of your home can increase by as much as 10% or more for every dollar you save on your energy bills. However, this number is difficult to quantify because the amount can vary widely. In addition, banks and consumers value solar-generating assets differently. In other words, solar panels are worth whatever someone else is willing to pay for them.
A study by Zillow revealed that solar panels add a markup of about 4% to the retail value of a medium-sized home. But this value increases with the number of solar panels. And while the number of homeowners with solar panels will increase, it will depend on the region. Home buyers will generally pay more for a home with solar panels than a similar home without them.
Reduced Carbon Footprint
One of the greatest benefits of installing solar panels on a home is the reduced carbon footprint.A solar power system will reduce 0.846 lbs of CO2 emissions for each kWh of energy produced. It is the equivalent of taking a car off the road for almost an entire year.
Installing solar panels on a home can reduce a home’s carbon footprint by up to 90 percent. As solar panels use no fossil fuels, the homeowner will have fewer electricity bills. In addition to reducing the amount of electricity they use, solar power can be stored on a grid and used later. Another benefit of solar panels is that they do not pollute waterways. In Connecticut, the average home using solar panels generates more than 8,288 kilowatt-hours of electricity each year.