Solar panels are a technology that is helping a lot of people live a lot cleaner and save some money in the process. I will list a few of the many reasons why solar panels are the way of the future! Electric bill savings: With the cost of electricity going up every year, saving money on the electric bill is usually high on the list of reasons to install a solar system. In homes that have electric heat pumps and air conditioning, this will be a huge savings on the electric bill. I have even heard of people that use natural gas replacing their gas systems with electric after they have had solar panels installed because they could then run those devices for free and not have to pay for gas anymore.
It is a clean alternative By using solar power you are reducing your carbon footprint and leaving the environment better for the next generation. You are not using power plants that produce dangerous carbon dioxide emissions that are harmful to the environment. A good quote I’ve read that brings this point home: “When there’s a huge solar energy spill, it’s just called a nice day”. It is reliable: The sun has been around for millions of years and will be around for millions more. Put it this way, we don’t have to worry about it burning out in our lifetime. You don’t have to worry about this becoming obsolete.
Yes, panels and inverters will become more efficient, but what you get today will still work using the same sun power that newer ones will. Once you have your system paid for, it’s essentially free. You don’t have to pay for sunlight. Generate a Passive Income: When you generate extra power, your utility company will purchase it off you and write you a check. This does vary state by state, so check with your utility company. You can also sell SRECs (Solar Renewable Energy Credits). 1Mwh of produced power will give you 1 SREC. You then work with a broker to sell these. Power companies are required to produce a certain percentage of their power through green technologies. They purchase these credits from you to fulfill that requirement. SREC prices fluctuate with how much the utility company is expected to produce.
They are currently going up and will until 2021 when the amount utility companies have to buy is reviewed again. Increase Your Home’s Value: Home with solar sell 15%-20% faster. Roof Benefits: Any roofer will tell you the southern side of a house will need it’s roof replaced sooner then any other side. That is because of the sun’s rays beating on it all day. Solar panels absorb those UV rays and will make your roof last longer. The panels on the roof also provide shading, so the sun isn’t heating up your house. You might even find yourself using the air conditioner less because the house is shaded now!