More than 12 million households today are powered by solar energy. It’s the new wave of environmentally friendly technology and adds plenty of convenience to people’s lives.
Since solar energy is spreading like wildfire, you might have wondered about the benefits and what’s involved in buying and owning these panels. We’ve got you covered.
Check out these five tips to learn some of the most important facts about solar panel technology.
1. Learn How Solar Panel Technology Works
How do solar panels work? This is a question that you need answers to before moving forward with buying solar panels for your home. Solar panel technology consists of panels that are made from an array of photovoltaic cells that attract energy from the sun. This energy is converted into electrical current that you can then use in your household.
Your home solar panels also store energy so that your home is still powered at nighttime when sunlight is unavailable, and several days after the initial sun ray absorption. Your panel setup is made from monocrystalline, polycrystalline, or thin-film equipment.
2. Understand Solar Panel Benefits
Now that you know how solar panels work, it’s time to get an understanding of why it’s worth your time. Here are some solar panel facts that benefit you:
- It saves you money on electric bills
- Solar panels drastically lower your emissions
- The equity that you create in your home will give you a return on investment (ROI)
- Solar panels keep the lights on during storms
- You don’t have to worry about the price hikes and other annoyances that come with municipal power
You can also visit Blue Raven Solar to learn more about the many benefits of switching to solar energy.
3. Consider the Cost of Buying Solar Panels
If you’re going to invest in solar, you have to know how much it’ll cost. The price that you pay will depend on the size of your roof and how many panels you’ll need to power your home.
Research some solar panel brand names and also consider the labor that’ll go into the project. You should expect to pay between about $11,000 and $15,000 for a new set of solar panels on a medium-sized home.
4. Research the Current Tax Rebate
Many people look into solar panel technology because of the tax benefits. The government provides tax credits and rebates that will relieve your financial burden and give you more bang for your buck.
You often have the choice to take the rebate upfront or later when you file your taxes.
5. Find a Company That Can Address the Work
Hire a qualified solar panel installation company that will assist you. Not only should you shop around based on the prices they quote you, but also make sure that you’re signing up for the best possible handy work.
Choose companies that can sell you a maintenance plan or a warranty package to protect the panels.
Invest in Solar Energy
The five points above will help you get the most out of your solar energy needs. Solar panel technology is here to stay, so it pays to embrace it to the fullest.
Consider these tips and rely on us when you need information that will help you make sound investments for your home and personal finance.