Despite its pricier cost, solar panels power more and more homes each year. Besides the fact that solar energy is free for all, there are other impressive truths about using it.
Here are some of them.
No more monthly electricity bills with solar panels
Using solar panels at home can lower power consumption. But did you know that it is also possible to say goodbye to monthly electric dues forever with solar energy? This, however, happens only with installations that are large enough to supply power for the entire household.
Solar power expert Apex Solar Solutions notes that the amount of power supply solar panels can provide lies on the size of installation.
Solar panels increase property value
According to the National Renewable Energy Laboratory, there is a property value increase of about $6.00 for every 1KW of solar power installed. As utility rates continue to go up each year, so is a home value when you have a solar power system installed.
You have to note, though, that there are factors that would determine home value, such as location and size.
Solar reduces a household’s carbon footprint
Electrical use causes an average family to produce at least 7 tons of carbon dioxide each year. Imagine how you can decrease the number when you limit reliance on non-renewable power sources. Also, solar powered homes can save on water consumption by up to 16,000 gallons every year.
There is potential passive income with solar
This depends on where you live, though. Some states such as New Jersey give tax credits and rebates to households that use solar for producing clean energy. One can calculate the amount of refund through a rating system called IRR (Internal Rate of Return).
You can use a solar power calculator to get an estimated value of rebate.
Using solar at home is not only good for the environment. With it, you can also say goodbye to utility dues forever and even earn income from it with little effort.