The high cost of electricity has many home and business owners scrambling for alternative ways to lower their energy bills. Meanwhile, many other property owners are becoming more eco-conscious, which also has them in search of more efficient sources of energy.
Solar panels for your home or business provide both benefits, as well as many more.
What is Solar Power and Renewable Energy?
Solar power is a source of renewable energy, meaning it makes use of the sun’s naturally replenished light to heat, cool, or light your property.
To generate solar power, one of various solar technologies is used, such as photovoltaics (PV), which are found in solar panels. Solar panels attach to the roof of a building with the photovoltaics facing the sun. Then, when the sun emits its rays, also called solar radiation, onto them, the PV cells in the panels simply absorb the energy.
The absorbed energy then creates charges of electricity within the inner field of the cell that, as they circulate, streams electricity. This alternative source of electricity can then be used to power your property. According to Unbound Solar, “If you own a solar system with energy storage, you can keep generating power during emergencies. That peace of mind is invaluable if you live in a place with an unreliable power grid, or are regularly threatened by severe weather conditions like tornadoes and hurricanes.”
Why It’s Beneficial
Low-Cost Electricity Source
Solar power provides electricity at a cheaper price, and its efficiency is similar on both small and large scales, which means it is a suitable low-cost choice for both homes and businesses. Large solar power plants are also being built by utility companies to enable them to also provide more budget-friendly power to customers, provided they are on the grid.
It can be Used to Provide Backup Power
Solar energy can also be paired with storage to provide backup electricity during power outages. Or the stored power can simply be used at night to help decrease “dirty energy” usage and thus your utility bill.
It Cuts Down on Emissions
It also helps cut down on the emission of carbon dioxide, which can be especially high during summer energy consumption, which makes it good for the environment. In fact, reports show that the average home in the US emits more than 14,000 pounds of C02 each year from the burning of fossil fuels for electricity.
However, solar energy systems power your home or business without emitting any emissions, which can lower your home’s carbon footprint by 3,000 pounds or more a year, depending on the system’s kilowatts.
It’s an Investment That More Than Pays for Itself
An investment in solar panels for electricity not only enables you to benefit from reduced energy bills, but research shows that the system also more than pays for itself in under 10 years, making it a worthwhile investment. A residential solar power system can also increase your home’s value by up to $10,000, depending on the watts.
As you can see, renewable energy is not just for green living, but it makes a practical choice for various property owners. And the addition of solar panels helps make it possible while also providing many financial benefits, including increases the value of your building.