The overwhelming demand for renewable energy continues to grow. Solar energy, one of the most popular renewable energy sources, accounts for three percent of the total number of households in the US in 2020. Experts expect that the number will rise by a percentage every year. So what are all of the benefits of solar energy in homes? Here are five:
1. Reduced Energy Costs
One of the most common reasons people switch to solar energy by installing solar panels in their homes is that it helps them save money on their energy bills. Solar panels absorb the sun’s rays and convert them into electricity. The system then converts electricity into a direct current used to power appliances and other electronic devices. That unclaimed energy is now relatively cheap to capture especially when you calculate the savings over time so as energy costs continue to rise, the investment pays for itself in a very short amount of time.
2. Energy Independence
A solar panel can also act as a backup source of power. It can power electronics and appliances and act as a substitute for the power grid, if it goes down. Solar energy can power appliances and electronic devices in the home even when there is an outage. This peace of mind or in some cases, necessity has been driving more homeowners to invest in their own solar panel system, especially if they live in an area that often experiences failures to their grid.
3. Low Maintenance Costs
Another popular reason people switch to solar energy switching to solar panels in their homes is that they are relatively easy to set up and have low maintenance costs. Solar panels need no expensive maintenance and generally few replacement costs. However, they do require cleaning now and then to remove dirt from the boards or snow if you live in such a climate. These costs further improve the return on investment for the system and the eventual energy cost savings once the system is paid for.
4. Easy Installation
Compared to other home improvement investments, a solar panel system is relatively easy for a licensed professional to install, which means your system can be up and running quickly with few hoops to jump through. Compared to other renewable residential energy systems, solar is by and far the least complicated and accessible. Hiring a qualified professional team is something you should invest in to ensure your system is properly installed and optimized for energy collection and storage.
5. The Environmental Impact
One of the obvious reasons people are adding solar energy to their homes is the positive impact it makes on the environment. In addition to all of the benefits discussed here, the idea of reducing one’s own environmental footprint is rising in popularity, and for good reason. The untapped power of the sun that can now be captured in such an affordable and relatively clean way means that now households that can afford it are able to contribute to a healthier and cooler environment.
Conclusion
Solar energy is the most affordable and cost-effective way to reduce home energy costs and gain energy independence and by installing your independent system, you’re contributing to improving the environment.
EnFin is a solar financing company. We are the leading lending partner for residential solar contractors, providing flexible financing terms for people wanting to switch to a better energy source.
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