Investing in renewable or alternative energy sources is often a topic of conversation. Most people consider renewable energy as an expensive alternative only for the very wealthy or extreme environmentalist. In reality, more and more people are turning to different energy sources as a means to offset rising electricity costs. Solar energy is one of the easiest ways to invest in an alternative energy source.
Solar energy involves harnessing light and heat from the direct sunlight to convert into thermal energy or electricity. Many individuals debate the reasons for installing solar panels for homes. Truthfully, the reasons can differ for each individual. Most solar panel application fall into one of two categories: economic or environmental reasons.
Reasons to Choose Solar Panels For Homes :
Solar panels are an eco-friendly alternative energy source for homes. Using solar energy does not produce any form of harmful emissions. Deciding to participate in any type of go green initiative is a good choice for everyone and the environment. The smallest reduction of harmful emissions is a positive attribute. Solar panels allow all homeowners a chance to protect the environment.
2. Renewable Energy Source
Unlike fossil fuels, solar energy is a renewable source. The Sun is always present in the sky. Even on the cloudy, rainy or snowy days, the solar panels are still working to produce energy for the home. As a renewable energy source, solar panels have a wide range of availability throughout the United States. Believe it or not, rural areas of northern states even benefit from solar panel use.
3. Reduction in Utility Bills
The most immediate return on investment for solar panel installation is the reduction of monthly utility bills. Electricity rates differ throughout the day. The most expensive time for electrical use is the afternoon, toward the early evening hours. The opposite is true for solar panels. Providing maximum exposure, the sun is generally at the highest point during the day when no one is home, therefore, if you live in the US, most areas will allow you to run your meter backwards when the system produces more than your consumption which will create credits for future usage during peak hours.
Many homeowners consider solar panels for homes as an extra expense. The best way to view the installation of solar panels is as an investment. The electrical savings allow for the solar panels to pay for themselves. Depending on the type of utility company in the area, the solar panels may actually bring homeowners a profit.
The excess energy from the solar panels may go directly into the local grid. Providing homeowners with credit or profit for the extra energy to the grid, the continuous payment of excess energy helps offset the cost of the original investment price.
Along with lowered utility bills, tax credits, and other incentives, all are valid reasons to choose solar panels for homes. Credits may be available on local, state and federal levels. The credits may provide a homeowner with a larger tax return. Providing more savings, solar panels may come with rebates or other installation incentives.
6. Durable Units
Solar panels are a durable unit to act as a long-term investment. After installation, solar panels require little maintenance or upgrades to continue regular usage. The solar panels do not contain any type of moving parts that can be damaged under the various environmental conditions. The solar panels are able to withstand the changing seasons without interrupting service.
7. Property Value Increases
Solar panels add value to the property. When the time comes to sell the home, the appraiser will set the home in a higher price bracket. Potential buyers see both the financial and environmental value of homes with solar panels. Homeowners will be able to see the reward of solar power installation in terms of a profit from the sale of the home.
8. Job Creation
Homeowners usually consider the immediate effects of installing solar panels. The lower utility bills or tax credits are a major personal incentive. Each solar panel purchase is part of a larger energy saving industry. Installing solar panels end up creating jobs and promoting economic growth. Homeowners can take pride in knowing their purchase helps others.
The reasons to choose solar panels for homes may be different with each individual. In the end, the outcome of solar panel usage is the same. Homeowners will receive a return on investment in lower utility bills while promoting a green alternative to protect the environment.