Residential Solar Energy; How It Works, Benefits, Trends
Solar energy is abundant, renewable, and a sustainable form of energy that is easily transformable into usable electricity with the help of technology.
In recent times, the solar power technology has continued to advance at a fast and steady pace, with the costs of installing and using solar energy to produce electricity plummeting down each year as a result of the intense market competition among the plethora of solar energy companies.
As these changes continue to grow, many homeowners are increasingly making the switch to solar. Currently, there are over a million residential solar energy installations across the United States of America, with many other homeowners considering going solar given its many benefits.
How Residential Solar Energy Works
Residential solar panels are designed to fit into the existing roof space or landscape layout of a home. Immediately the solar panels are installed on the home roof; the solar energy system starts working by collecting sunlight and converting it into usable electricity.
Below are steps of how residential solar energy works:
- The installed solar panels tap or absorb sunlight.
- The PV (Photovoltaic) cell system transforms or converts absorbed sun rays into energy.
- Converted energy is put to use, and any surplus is either sent back to the local power grid or stored in either Li-ion or Lead-acid batteries, which are the major types of residential solar energy storage systems, presently.
In most cases, how residential solar systems use and store solar energy depends on the configuration installed by the solar energy company.
Benefits of Residential Solar Energy
Though the installation of solar panels usually requires the investment of some amount of money upfront, solar energy panels undeniably deliver several benefits to homeowners.
Below are some of the benefits derived from solar energy:
- Costs Savings: Lower monthly utility bills and long-term financial returns are the main incentives for going solar for most homeowners. However, the amount of savings you get will largely depend on factors like, the size and angle of your roof, the size of your solar energy system, the amount of direct daily sunlight your home gets, your local electricity rates, your electricity consumption, and how you financed or are financing your solar energy system.
- Environmental Savings: Solar Panels generate clean power using natural energy from sunlight, thus protecting the environment from the greenhouse effect caused by the emissions of carbon into the atmosphere. It is therefore ideal for homeowners in places with high sunshine throughout the year, as in Arizona, to take advantage of solar panels to generate their clean power and help to save the environment in the process.
- An Increase in Property Value: Solar panels are considered as upgrades when installing on a home; it is much like a renovation done on a part or some parts of the house which increases the total value of your home. Therefore, as a homeowner, installing a solar energy system will most probably hike the value of your property.
- Massive Returns on Investment (ROI): Solar panels are designed to last long, and they often require minimal maintenance. Hence, they offer high ROI, and because local utility rates are always on an upward trend, it will usually take little time to break even on your solar panels investment.
Overall, the installation of a residential solar energy system offers an excellent investment opportunity to any homeowner who is interested in reducing their monthly utility rates as well as enjoying the many benefits of a long-term and low-risk investment.
Ready to get started? Contact the team at N.E.R.D. Power today.