In today’s inflation era, the most burdensome task is to pay off expensive bills, especially electricity bills. But since solar panels have come, individuals are getting rid of this problem. In the past few years, installing solar panels on the roof has become prevalent, as it helps an individual save both, i.e., the environment and money on energy bills.
If you are environmentally conscious and want to save on energy costs, you must have a look at this article. Through this writing, you will explore the working of solar panels, the benefits of installing solar panels, how they save you money on bills, and several other parameters of solar panels. So, before all else, let’s start with knowing the solar panels.
Table of Contents
What Are Solar Panels?
The solar panel refers to the device that grasps rays of the sun and transforms it into electricity. The solar panels are built up of cells, known as photovoltaic cells, that grasp the sunlight and then alter it to DC, i.e., Direct Current. As DC is not usable for all purposes in a house, it gets converted to AC, i.e., Alternate Current, with the help of an inverter. This conversion helps in making the electricity compatible with the electrical grid.
These are becoming more in-demand, affordable, and accessible for homeowners looking to save money on electricity bills. In a recent survey, the cost of solar panels has dropped by 70% since 2010. And this makes it a more liable and cost-efficient option for homeowners.
Working Of The Solar Panels
Solar panels function by capturing the sunlight and translating it into electricity. The conversion process is possible only because of the photovoltaic cells that build up the whole solar panels. These cells constitute several layers of silicon that have the energy-capturing capability from the sunlight.
The actual process starts when sunlight strikes the layer of the solar panel. When these rays hit the solar panel, the energy of the photons gets beaten off by the electrons and thus loose. The solar panel captures the electrons and creates an electric flow by sending them into an electric circuit. At last, the inverter converts that electric current into AC current and thus makes it usable for different purposes at home.
Benefits Of Installing Solar Panels
After installing solar panels on your roofs, you get numerous benefits. A few benefits that you get include:-
Low Electricity Bills
The most vital benefit that you receive is a fall in your energy bills. It is possible as by generating electricity on your own, you reduce your reliance on the electrical grids, and thus it lowers your bills. In most cases, some people often sell the electricity of their solar panels to the electrical grids resulting in profitability.
Easy To Install
Installing a solar system is a relatively easy task. For this, you do not need to purchase any expensive solar system. Startlingly, you can buy a small one and move to a bigger one in the future, when you have more budget. You can also install them in remote areas where there is a lack of electricity, especially in villages.
Reduce Your Carbon Footprints
Solar panels are known as a source of renewable energy. By installing solar panels, you reduce your carbon footprint and save the environment. Additionally, you can reduce your dependency on different sources of energy.
Avail Incentives And Benefits
The government is also becoming environmentally conscious over time. Depending on your location, your cost of installing solar panels can reduce by up to 50%. Additionally, the government offers different rebates and incentives to individuals installing solar panels or who have already installed them.
Increases The Value Of Your House
Installing solar panels in your house can also result in an intelligent investment for your home. It is so because a study shows that houses installed with solar panels on their roof sell for more than 3-4% compared to houses without solar panels. It means that installing solar panels on the roofs will increase the value of your house. Also check: Electricity in texas
Factors To Contemplate Before Installing Solar Panels
Before installing solar panels on your roofs, you must consider a few factors so you do not regret it later. The factors that you should contemplate are:-
Residing Location
The first and most critical factor is your location where you live. If you live in a place without proper sunlight, you should avoid installing solar panels. It is because solar panels do not work without sunlight, and without the right location, it will not be a cost-effective option for you.
Consumption Usage
Another factor is the amount of consumption of energy. If you consume a limited amount of energy, there are better investment choices than installing a solar panel. But if you use a considerable amount of electricity, it will be the proper choice to install solar panels to get more energy and save more on bills.
Budget
Although the price of solar panels has been lowered with time, purchasing and installing solar panels may incur high costs. You must look at your budget and whether the future savings on the electricity bills are worth the upfront costs of the installation. You should not exceed your budget if you do not think it is worth installing.
Installing Company
Lastly, you should consider a contracting company with good reviews and should provide warranties and excellent maintenance service. However, the suppliers that deal in quality equipment provide these services. Additionally, they use expert installation systems, such as roofing software, to install solar panels. Thus, it is always recommendable to opt for such a company.
In What Ways Do Solar Panels Save You Money On Bills?
Till now, you have a clear idea that installing solar panels saves money on your energy bills, but do you know how? Here are a few ways in which it helps to save money on your energy bill:-
- By producing electricity on your own, you reduce your dependency on the electrical grid, and thus it helps you to save money on your energy bills.
- By producing excess electricity from your solar panels, you can sell it back to the electrical grids, which also reduces energy costs.
- In a few countries, the government offers the net metering program also. Under this program, the owners can earn credits on their energy bills for the surplus energy generated by the solar panels.
- By installing solar panels, you may also qualify for federal tax credits. The federal government offers up to 26% tax credits on the cost of the installation of solar panels. And thus, makes it a reasonable option.
Maintenance Of Solar Panels
However, it is true that solar panels do not require much maintenance, but you need to keep a few things in mind regarding the upkeep of the solar panels so that they work more smoothly:-
- The most important thing is the cleaning of the solar panels. You must keep the solar panel dirt and debris free. Occasionally, you can clean them with water and a soft brush.
- Secondly, regular monitoring is also essential. It will help you to know any problem with the solar panels at an early stage and will also assure you that they are operating orderly.
- Lastly, it will be beneficial for you to have a professional inspection of the solar panels. A professional has more knowledge than you. So, he will give you the correct suggestions and fix the potential issues.
Common Misconceptions Regarding the Solar Panels
There are some things that need to be clarified regarding solar panels, due to which several owners hesitate to install them. But they are just misconceptions, not reality. Some common misconceptions are:-
Solar panels Are not Much Efficient.
Some people think that solar panels are not very efficient and can not produce the amount of electricity we need for our daily use. But it is not true because the efficiency of solar panels is much higher, and they can produce an enormous amount of energy.
Solar Panels Are Much Expensive
Another misconception is that solar panels are much more expensive, and they need help to afford them. But they need to be made aware of the option to finance solar panels. Also, they get some rebates, incentives, and tax credits from the government which ultimately reduces the cost of solar panels.
Without their own house, they can’t install solar panel
Some people need to learn that they can still install a solar system without owning a house. With the community solar programs, you can install solar panels in your apartments or buildings and can share the installation charge among the participants.
Where to Buy Solar Panels?
There are a number of companies that produce solar panels and have good customer ratings. You can purchase solar panels from these companies and install them on your roofs. Some popular solar companies that you can opt for are:-
NextEra Energy, Avangrid, Leeward Renewable Energy, Sunrun, Blue raven Solar, Trinity Solar, SunPower, palmetto Solar, etc.
All these companies have excellent customer ratings and reviews. Also, they are the leading companies that generate good revenue.
Conclusion
If you, too, want to save money on your energy bills, then there is no better option for you other than installing solar panels. By installing solar panels on your roofs, you can also decrease your usage of other energy resources and can save the environment.
Additionally, the price of solar panels is dropping continuously, so it is the best time for you to install solar panels on your roofs and eliminate the heavy and expensive energy bills. So, what are you watching for? Install the solar systems on your roofs today and avail its enormous benefits.
