When it comes to solar energy, you’ve most likely heard it all: that it doesn’t work, it’s too expensive, or it’s for hippies. Yet, the number of solar installations is growing each year. And with governments promoting it through tax incentives, it’s clear that solar energy is not that bleak. But that begs one question — what are some good things about solar energy?
Solar is a Proven Technology
Photovoltaic solar power dates back to the late 1800s. However, the first PV silicon cell that was capable of transforming sunlight into usable electricity was introduced in 1954. By 1983, worldwide photovoltaic production had exceeded 21 MW. Nowadays, there are over 47.1 GW of total solar capacity installed in the US alone. As a result, it’s clear that solar energy is a proven technology that’s here to stay, as more countries adopt pro-solar laws and regulations.
Solar Works in Most Climates
Some people believe that solar energy is not viable in colder climates. But that can’t be further from the truth. As a matter of fact, solar panels are even more efficient in colder temperatures. That’s because excessive heat can reduce the voltage they can generate.
While it’s true that longer periods of direct sun exposure will help solar systems generate more energy, modern panels can still be efficient in low-light situations too. And, by increasing the size of a solar installation, homeowners can make up for any lower efficiency that they might encounter.
Solar Energy is Becoming Affordable
One of the main concerns people have about solar is its high entry cost. Fortunately, the prices of solar energy systems have dropped over the past few years. More specifically, since 2010, the cost of solar has lowered by almost 60%. What’s interesting is that, in some worldwide markets, solar power is becoming more affordable than conventional energy.
Additionally, there are also multiple financial incentives, like state policies and tax rebates, that help homeowners who want to embrace solar energy. You can also take advantage of solar financing options such as home improvement loans and no-money-down leases.
Solar Panels Have a Long Lifespan
Investing in solar panels will provide your home with the benefits of clean and renewable energy for years to come. In fact, solar panels are very durable and will withstand harsh weather conditions, including hail and strong winds. They also have a baseline life expectancy of almost 25 years, which you can extend with regular inspections and maintenance.
Solar Can Increase Your Home’s Value
Installing solar panels has the potential to boost the value of your property. According to a study done by the US Department of Energy’s Lawrence Berkeley Laboratory, a typical PV system can add about $15,000 to any property. Not only that but an online real estate marketplace has found that residences with solar panels sell for 4.1% more than comparable homes.
Furthermore, people looking to buy a home prefer properties that feature solar panels, especially if they are familiar with the many benefits of solar energy. So, if you ever plan on selling your home, solar panels are one of the best ways to attract buyers and increase the property’s value.
Solar Benefits the Entire Electrical Grid
Conventional electrical grids can use your excess solar energy. But that doesn’t mean you are just giving away solar energy for free. Actually, solar owners are compensated for their contribution, mostly through net metering policies. In other words, if you decide to share your excess energy, you will receive credit that you can use to access electricity from the grid at night.
Solar Energy and Its Future
By now, it should be pretty obvious that solar power provides dozens of benefits to consumers all across the world. This renewable energy source will only become more popular as time goes on. And hopefully, one day, everyone will be able to take advantage of solar energy and enjoy an energy-independent lifestyle.