Top 10 Breathtaking Benefits of Solar Panels

Solar panels are designed to harness the sun’s energy and convert it into electricity to power homes and businesses. Solar energy is also rapidly turning out to be a low cost, eco-friendly and popular energy source. Research conducted recently shows that power bills have increased in the past four years. Add the cost of living to that, and you understand why lots of people are flocking to solar power as a reprieve. Below are the benefits of turning to solar panels as way of generating electricity.

1. Benefit of tax credit and rebates

Some countries like the United States offer individuals who install solar panels tax credits and rebates. This means you are primed to receive 30% of total cost of the solar panel and installation cost as a federal income tax credit when it’s time to file your taxes. So when you install a solar panel worth $25, 000, you save $7500. Include local and state rebates, plus Solar Renewable Energy Credits (SRECs), and you could cut the total cost by half. Solar Renewable Energy Credits are generated throughout the year giving you the chance to sell excess power to utility companies. This can produce remarkable return on investment for you.

2. Roll back on your utility bills from day one

When you compute your annual energy bills, you would be shocked to find that they are in thousands of dollars. On average, an individual consumes energy worth $3,050. Utilizing solar panels to generate electricity can massively dial back on these costs. They also provide long-term savings as the sun’s energy is harnessed free of charge.

3. Good for Mother Nature

The sun’s energy is clean and pure. Installing solar panels in your home, business premises or industrial complexes aids in fighting emission of greenhouse gasses and minimizes over-dependence on fossil fuels. It is known that conventional forms of electricity are generated using fossil fuels such as coal, oil and natural gas. These fuels emit a lot of greenhouse gasses when burned to produce electricity. Greenhouse gasses are the chief causes of air pollution and global warming.

4. The sun’s energy is renewable

Renewable sources of energy are never-ending, which means they’ll be used to the very end of time. Solar energy is a renewable energy source because the sun will continue to shine until the end of our lifetime. Fossil fuels, on the other hand, are non-renewable, which means they are projected to run out in the next fifty years or so. So installing solar panels means you’ll enjoy electricity until your time on earth is up. The only cost you'll incur is maintenance, which may take years.

5. Driver of economic development

Solar power has proven to be an incredible economic development resource. For example, in 2014, the United States solar industry generated more than 17,000 jobs, overtaking the overall economic rate by 20%. In the same year, the country saw the creation of 6,000 solar companies in the 50 states. This development is contributing about $15 billion to the U.S. economy each year.

6. Increases property value

Installing solar panels in your home can increase the value of your home 3-fold. With more and more people looking to cut back on energy bills and live a green lifestyle, homes with solar panels are magnets these days. This means when you intend to sell your home in the future, you will get an impressive return on investment.

7. Wipes out extraordinary maintenance costs

Solar panels require little maintenance. You may use them for years before they develop a glitch. This is because they are developed with safeguards including thorough surface sealing to mitigate weather impacts. They are also wrapped entirely with non-reflective glass to prevent external damage and harsh climatic conditions.

8. Cushions you from power interruptions

Installing solar panels will insulate you from annoying power interruptions associated with traditional forms of electricity. When the traditional power goes off, the solar power will keep you going since you can save the energy for later use.

9. Offers wide range of uses

Energy harnessed from the sun using solar panels can be used directly to heat homes, provide hot water for bathing, cleaning and other household chores. The energy can also be converted into electricity for lighting homes, powering appliances, commercial and industrial processes.

10. Reduces overdependence on foreign fossil fuels

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