What Are the Benefits of Residential Solar Panels?

The sun is one of the most reliable renewable energy sources. As long as the sun is up, people only need a good solar panel to generate electricity. Thanks to recent technological advancements, residential solar panels are now more efficient, durable and affordable. This explains why the demand for solar energy has grown so rapidly in recent years. So you can harness renewable energy and generate free electricity to power the most essential applications in your home and business. Solar energy is sustainable, renewable and abundant. With the cost of using solar power falling every year, many Americans are increasingly turning to solar power. So what are the benefits of residential solar panels?

1. Benefits of residential solar panels: cost saving

Financial returns and lower monthly utility bills are among the benefits of using benefits of residential solar panels. The exact savings you'll see from solar depends on a few things: electricity usage; the size of your solar system; whether you buy or lease your system; hours of direct sunlight per day; roof size and angle; and local electricity bills. Solar power systems offer an opportunity for anyone looking to reduce their monthly utility bills and make a long-term, low-risk investment.

2. Benefits of residential solar panels: Increase home value

Residential solar panels are considered an upgrade, like a renovated kitchen or finished basement, so buying one of the benefits of residential solar panels is likely to increase the value of your home. Research shows that homeowners pay a premium for solar homes; a Lawrence Berkeley National Laboratory study showed residential solar panels add about $15,000 to a home's value, on average. Although market factors such as electricity bills and system size may influence the size of the premium, residential solar panels may sell for higher prices than homes without PV.

The earth's solar energy resources are very rich. Just one hour of midday summer sunlight is equivalent to the annual electricity demand in the United States. Most states in the United States have solar resources ranging from good to good. Even places with relatively few solar resources, such as the Pacific Northwest and Alaska, can save costs and have similar solar resources to countries with widespread solar PV development, such as Germany.

3. Benefits of residential solar panels: protect the environment

Each kilowatt-hour (kWh) of solar energy generated by residential solar panels will significantly reduce greenhouse gas emissions such as CO 2 as well as other hazardous pollutants such as sulfur oxides, nitrogen oxides and particulate matter. Solar energy also reduces water usage and abstraction.