Solar Benefits – Is It Worth It to Switch to Solar Power?

solar benefits

Solar power is one of the fastest renewable energy sources in the world, and with numerous countries vying to be market leaders in this segment, the leading nation is never clear for long.

The nations currently pulling ahead are the US and China, which together account for two-thirds of global growth in the solar power sector. Furthermore, solar energy capacity has increased by approximately 60% in the last 5 years, with total solar capacity output now rising to 485.83 Gigawatts.

If you’re wondering about the solar benefits of making the switch to solar energy, keep reading. The information below explores the benefits you will gain from making the switch today!

What Is Solar Power?

A solar power systems absorbs sunlight through photovoltaic panels to run your home. The solar cells inside the panels collect energy and convert it to direct current. The direct then passes through an inverter and is converted to alternate current. Finally, the converted AC power runs through to the power outlets in your home.

The types of panels used to run the system are selected based on the design of your home. Some planning has to go into building your system. The company will have to come in check for light exposure and figure out a way to blend the panels into the aesthetics of your home.

Solar panels are usually black or maybe blueish in color. The panels are placed mostly on the roof of your house or as an alternative, a frame built and placed in your garden. The number of panels needed will depend on the energy needs and size of your home. These styles of solar systems can be set up at the ideal angle of the sun to maximize their efficiency.

Solar power, contrary to popular belief, is affected by temperature. The optimal running temperature of solar panels is 77 degrees Fahrenheit. Warmer than this temperature, and you will see a decrease in efficiency by 0.20 to 0.50 percent per degree Fahrenheit.

This means that even in winter in cold areas, you can still produce energy, and it is an all-year-around resource. Your efficiency will sometimes decrease, but it will be considered when the system is designed.

Solar Benefits

An increasing number of households are switching from grid power to only solar power or supplement most of their power supply with renewable energy. Solar panels make sense as they can be fitted in a vast number of ways, and you can be producing power during the whole day.

According to the US department of energy, More than 3 million homes have been converted to solar power, with a million installations taking place over the last two years. This figure proves how big the market is and that solar power provides households with several advantages.

Lower Utility Bills

According to the Energy Information Administration, homeowners spent, on average, almost $118 on their electrical bills in 2020. This value, however, varies from state to state as some states have higher averages. Using solar power in your house will significantly reduce your utility bill and your need for costly fossil fuels.

Of course, you have the initial upfront investment to install solar power, but if you equate it over a lifetime, you would have saved a fortune. Furthermore, if you reduce your usage, the excess power can be sent back to the grid and further lower your meter. Some states even net metering, allowing customers to sell back their excess energy and accumulate credits overtime

You can even go one step further and install batteries to store energy and use them at night or during lower sunlight days. If done right, you might not have the need for grid power anymore.

Tax Breaks and Incentives

Homeowners may even receive additional monetary benefits from their local power company, state government, and federal government. Most utility companies even provide rebates for their customers moving to solar energy.

The rebates vary from state to state; some you gain more than others. If you are unsure how much you can save, go with a solar provider, and they will do the rest.

On a federal level, the government offers an investment tax credit scheme for homeowners who install new solar systems. The solar credit tax provides 26% of the total cost back for any new system installed in 2022. After this date, the credit rate drops to 22% for new systems occurring in 2023.

Adds Value to Your Home

As a homeowner, you are continuously looking for ways to add value to your home. A home is a lifelong investment, and adding a solar system will increase the value. The Department of Energy states that buyers are willing to pay an average of $15 000 more for a home with pre-installed solar arrays.

The homes will sold systems were found to sell quicker, so not only will you have a profitable investment, your house will be in-demand and won’t sit for long on the market when you want to sell it.

Unlimited Energy

The problem with only having from the grid is that you are self-reliant on it. You never know what may happen in the future. If we are ever to face an energy crisis, you will have a backup that will continue to give you, no matter what.

An added benefit is that you reduce your carbon footprint, which reduces the number of harmful emissions let off into the environment, and the whole world is better off because of it.

Reduce Your Carbon Footprint

It is no secret that climate change is real and drastic measures need to be done now to avoid permanent damage to our world. Using the sun as an energy source is one of the best ways to reduce your carbon footprint and potentially save the world. That’s the power of solar benefits.

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Jenny Wilson

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