4 Benefits of Installing Solar Panels on Your Home

Harnessing solar power has become a popular means of producing renewable energy for both homes and businesses. The key component of solar panels is an array of cells made of thin silicon wafers that collect sunlight and converts it to electricity that may be stored or used immediately.

1. Clean and Renewable Energy

Solar power is one of the cleanest, most environmentally friendly energy sources available since it produces no pollution. It is completely renewable and does not rely on any other energy source, such as coal or oil. The energy can also be stored in a battery and used in a generator.

2. Reduced Electricity Bill

After the initial cost of installation, solar panels provide energy directly to your home at no cost. If you have surplus energy you may be able to sell it to your local energy company. Many electric companies also offer rebates for customers who install solar panels on their homes.

3. Increased Resale Value and Decreased Taxes

Installing solar panels on your home may increase its resale value, as many people are looking for ways to reduce their carbon footprint and be more eco-friendly. Solar panels are one of the best ways to achieve these goals and if your home is already equipped with them, you will have an advantage if you decide to sell your home. In addition, you may qualify for federal, state or local tax breaks.

4. Reduced Cost

The cost of solar panels has been declining with technological advancements; solar cells have become more efficient and affordable. As technology continues to advance, creating thinner silicon wafers which reduces production cost, consumer prices will continue to drop.

Installing solar panels on your home is a major decision but one worth considering. With panels becoming more affordable, available tax breaks and rebates, and low on-going maintenance costs, solar panels are quickly becoming a viable option for homeowners to become more energy independent.