Top 3 Benefits of Residential Solar
By: Eric Huesca, SEO Content Writer
February 22, 2023
Solar panels are put on the roofs of homes for several reasons, but the most popular ones are the chance to save money and the desire to help the environment. Whether you’re considering solar power to save money, help the environment, or both.
Solar energy is clean, never running out, and there is enough. As the price of electricity with solar power keeps going down yearly, it is becoming a more popular choice in many countries. More than a million solar installations are already spread out across the country. Here are the top 3 benefits of residential solar–
Charging an electric car with a ground mount solar installation in the background
Cost Savings
When you know how much a solar power system would cost to buy upfront and how much energy it will produce, you can figure out how much money you will save on your big energy bills each year. Installing a solar electric system is a good idea for anyone who wants to lower their monthly utility costs and make a long-term investment with low risk.
With a residential solar system, the only costs are the installation and any extra power costs that may be needed if your panels don’t produce enough energy to cover all your electricity needs. This is because you have to pay for solar energy upfront.
Depending on how well you plan your photovoltaic system, it may or may not be able to cover all of your power needs. You can determine how many Solar panels residential you install to reach your desired percentage.
Solar energy systems can get a one-time tax credit for up to 26% of the cost of the system when it is first bought. In your area, the initial cost of solar panels is around $20,000, so the tax credit you are eligible for would give you $5,200 when you file your next set of taxes.
Depending on the size of your solar panel system and how much money you make by selling extra energy back to the National Grid, you can expect to have paid for your solar panels in 15 to 25 years.
If you make your electricity to power your home, you won’t have to buy as much or any electricity from your utility company. This will allow you to save a lot of money on your monthly electricity bills. How much money you save will depend on how much electricity you use daily.
There are different prices for the different kinds of solar panels, the companies that make solar panels, and those that install solar panels. Before making a final decision:
- Consider all your options.
- Compare them to each other.
- Find out how much power a solar energy system could give your home.
If you want to use solar energy in your home, you should compare the best solar panel companies.
When you pay for solar panels upfront, you pay for the electricity you will use over the next 25 or 30 years. One of the main benefits of installing solar panels is that this lets you lower or even get rid of your monthly electricity bill. To figure out how much money you would save by switching to solar energy, subtract the cost of switching from the total amount of money you would have spent on power if you hadn’t switched.
Increased Property Value
Due to the newness of solar energy and the government incentives that come with it, no one knows yet if putting up solar panels affects the value of a home. The effect of solar panels on your home’s value will depend on how well the financial and aesthetic incentives balance out, which will likely remain primarily subjective. This balance will depend on how you feel about how the solar panels look.
There’s a good chance that putting a PV system in a company’s building would make the company look better. Customers of businesses that decide to put in solar photovoltaic systems are likely to like how much they care about the environment.
Installing residential solar panels is an improvement, like remodeling a kitchen or finishing a basement. If you buy a solar energy system, the value of your home will go up. Studies show that people are willing to pay more for a house that runs on solar power. The Lawrence Berkeley National Laboratory did a study that showed that adding residential solar panels to a home increased its value by an average of $15,000.
Even though market conditions like the price of electricity and the size of the system may affect how much of a premium is added, solar homes could sell for more than homes without PV. Learn more about solar energy and how it affects property.
Since the market value of a property goes up at the same rate as residential solar cost, a seller’s financial incentives for installing solar panels may be passed on to a buyer who buys the property later. Because of this, the buyer will be able to get more out of the solar energy system in the future.
Who owns the solar panel residential system legally could affect how much a solar-powered home is worth when it comes time to sell. If a homeowner bought their solar panels with cash, they own them entirely and can choose to include them when they sell their home. This is the easiest way to change who owns something and gives the seller the most money while costing them the least.
Controlling the amount of solar energy your home makes and raising the value of your home simultaneously. But studies have shown that a solar system’s ability to produce more watts does not directly lead to a higher property value. So, putting an extensive solar panel array on the roof of your house won’t always make it worth more when you want to sell it. If you have a solar system that meets your energy needs well enough, you can get the money back you spent on installing it.
Based on the study’s results, the researchers concluded that the homeowner’s solar energy systems tend to increase the home’s value by roughly equal to the residential solar cost of the system. In contrast, leased solar energy systems have no statistically significant effect on the price of homes.
Before you install a solar system at home, you should know if solar panels increase the value of your home. The answer to this question seems loud and clear “yes.” This article will talk about how solar panels might increase the value of your home, how the increase in value might affect your property taxes, and whether or not people want to buy homes with solar energy systems. With all this information, you should be able to decide if solar panels would be a good investment for your home.
Environmental Benefits
Solar energy is a clean, renewable energy that does not contribute to climate change and does not emit emissions that are damaging to the environment. You may have a beneficial influence on the environment while simultaneously lowering your carbon footprint if you switch to solar energy. In addition, solar energy contributes to a more diverse mix of big energy sources and lessens reliance on fossil fuels.
Solar power is the process of turning the energy from the sun into a form that homes or businesses can use to make heat or electricity. Solar power can be made with a surface that can absorb the sun’s energy and a technology that can turn this energy into either electricity or heat. This can be done directly or indirectly. Directly, several residential solar panels are used to make electricity. Indirectly, a solar thermal collector is used to make heat.
Solar panels take some energy to make, but this is quickly made up for by the clean energy they give off once they are set up. When combined with other environmentally friendly effects, like using less water, solar panels may give customers the peace of mind that they are making a big difference in improving the environment.
Traditional power sources, on the other hand, use tens of thousands of liters of water every year. On the other hand, solar panels don’t need any water to work. India’s power industry uses plants mainly to cool down power-generating facilities, process and refine fuel, and send fuel through pipelines.
Even though making solar panels takes a lot of energy, most solar cells pay back the energy they used to make them in less than two years. Considering that solar panels last, on average, for 30 years, the amount of clean energy they can make is much more significant than the amount of energy it takes to build them.
Traditional energy sources like coal and natural gas need water to turn into electricity. Nuclear power plants, usually considered clean energy sources, use as much water as coal plants.
When fossil fuels are burned, toxic gases like methane and carbon dioxide are released into the air, worsening air quality. Air pollution may hurt our health and well-being, making conditions like anxiety, headaches, pneumonia, heart attacks, bronchitis, and allergic reactions more likely. Solar energy leads to a significant drop in the amount of carbon dioxide in the air, which is good for people’s health in general.
Solar energy was made as an alternative to fossil fuels, which are nonrenewable energy sources that come from the ground and are burned to make heat and light. Fossil fuels like coal, natural gas, and petroleum can only be burned once. After that, they are gone for good. Our natural resources are being used up because of this process, and we will soon run out of them. The environment is not helped as much by using fossil fuels as it is by using renewable energy sources.
Greenhouse gas emissions from burning fossil fuels have been going up at the same rate that the risk of climate change has been going up. Burning natural gas, coal, and oil for energy may have several harmful effects, but global warming and climate change are two of the most important.
Using energy from renewable sources is a big step toward restoring the environment and stabilizing the climate, two critical goals. Solar power could help our country meet its energy needs because it is good for the environment and doesn’t release harmful carbon dioxide. Solar energy will be an essential part of the fight against climate change because it is much less harmful to the environment than fossil fuels.
Installing solar panels is an essential thing that can be done to help the environment. The average solar system’s amount of clean energy is the same as driving a car, 16,000 miles. Solar panels are continually improving in how they are made, so the carbon cost of solar energy can decrease. Switching to solar energy is an excellent way to help the environment immediately.
Solgen Power
Solgen Power’s first official business location, which opened at the end of 2017, was in the garage of one of the company’s founders. Chris Lee, Daryl Kelly, and Roby Clyde started our company. Between them, they have over 30 years of experience selling solar panels.
In a short amount of time since 2017, Inc 5000. of 2021 has named Solgen Power the “12th Fastest Growing Company.” They have more than 1000 employees and have installed solar panels on more than 8000 homes nationwide.
Solgen Power is a company that focuses on selling and installing solar energy systems for homes. Solgen Power has been named by INC. 5000 as one of the top companies in the United States with the fastest-growing revenue. Solgen Power has grown nationwide, and the company is dedicated to keeping its excellent reputation for outstanding customer service.
This is the process we follow with our happy customers-
- Figure out how much electricity you are now using.
Send us a copy of your most recent electricity bill as a first step. This lets us figure out how much electricity your home needs. Don’t worry if the residential solar cost is about the same as your monthly electric bill. As things are now, you will still be better off in the long run. This is because the cost of solar energy won’t change, while utility company energy prices tend to go up by 3-6% every year.
- Make a no-cost first proposal for your personalized design.
After we do a big energy audit in your home, we’ll give you a free, no-obligation plan for designing a solar system. At this point, it’s essential to remember that each house is different. Due to differences in how much power is needed and how much sun is available, no two solar systems can be built the same way or cost the same amount.
- Assist you in submitting an application for financing that requires no initial payment upon approval of your credit.
Compared to other companies on the market, we make it easier to own solar panels by offering financing with no down payment. We can help you get a home solar power system loan through our financing options or a third-party bank. Customers don’t have to pay anything until six months after the service is set up.
- Consider number four, taking an inventory of your house.
The next step is to do a thorough site survey after finishing the design concept and getting the money you need. A Site Surveyor will come to your home and take precise measurements for your solar power installation.
Only roofs with at least ten years left of service can have equipment installed. Many people have their roofs redone simultaneously as they get solar panels. This meant that the cost of replacing the roof could be added to the budget for the building as a whole.
- Complete the engineering design and apply for permissions in your area.
After the solar system site study, we will finish the engineering design and get all the permissions we need from your local government. The price of permits, engineering, surveys, and inspections are all included in the original estimate, so you won’t have to worry about extra administrative costs showing up later.
- A solar panel system may be installed in 1-2 days.
You can’t wait to get your new solar system and use it immediately. Because of this, we promise that your residential solar panel system will be installed safely in 1-2 days. When we show up, we have everything and everyone we need to do the job well. When we’re done, we’ll clean up and return your yard as it was before. The only real sign that we were there is the cutting-edge Solar panel residential installation on your roof.
- Help out during an examination by the local authorities and the utility provider.
Your solar system will be built to work with your current power company and follow all local laws. So, from the beginning to the end, we’ll be here to help workers from utility companies and local governments with anything they need.
- Share your happiness when you turn on the lights.
After being set up and checked, your system is ready to turn on. All of the solar energy that your system makes is now yours to keep. This cuts down on your carbon footprint and helps you save more money.
Switching from a traditional utility provider to a solar energy system is like buying a house after years of living in an apartment. Depending on the market, your rent will go up yearly if you rent a house. If you rent the property, you’ll only get the right to use it in return. You won’t own it. But if you get a fixed mortgage for your house, you will pay the same amount every month. Your payment won’t go up over time, and your money will go toward buying your home.
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Solgen Power is a solar energy contractor that sells and installs solar for homeowners. Solgen Power has been recognized by INC. 5000 as one of the fastest growing companies in the nation. Solgen Power has grown nationwide and continues to provide excellent customer service to homeowners.
