Study: My Understanding of Energy

Benefits of Using Solar Energy

In the year 2012, the solar marker in the U.S. grew to 76%. Never in the past has the use of solar power in American household been this large. The use of solar is growing significantly, and there must be a reason for this fact. Highlighted are the benefits of going solar.

It will save you thousands of dollars. Using of solar in your household will lead to you saving over $100 monthly in most states. When you translate this to two decades, then you will find you have preserved over 30,000, and that is less than the length of a typical solar warranty.

You will be able to start saving from day 1. Most people who use this power opt for the pay-as-you-go method of payment. Thus, this implies a third party corporation which in most cases is the solar provider is the one who owns the solar system. It is the company that will handle all the needs that the solar panel might have and that is the installation, maintenance, repairs, and monitoring. The owner is only left to pay for the power. This is less than the amount spent in any utility company.

You will get low payback period. If you use cash then you will have a payback time that is less than 10 years. Most homeowners get about five years before they start enjoying the monthly saving of paying lower electricity meeting the entire cost of the system.

Increases the value of your home. When one buys a home that has solar panels they will end up paying lower electricity cost. Thus, having a house that has solar panels will increase attractiveness in the market. According to studies done by the National Renewable Energy Laboratory homes with the solar panels sell 20% fast and with 17% or more increase in cash.

Getting the panel offers you a safe investment. When you are dealing with the electric companies, then you should note that they will keep on changing their electric prices. When you get the solar panel in your house, simple math will tell you of the much electricity that will be generated and the price you have to pay. You can have this calculated done for at least the next 20 years. The best part is that it is fixed energy cost.

Getting Solar is a way you can use to protect the environment. Most people who choose to get solar view the benefits on the financial aspect. The environment will also benefit from this purchase. With the high rate of carbon dioxide emission and the risk that it brings, using solar is one of the ways of lowering the carbon footprints.

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