Solar panels are a great source of clean energy. Columbia University says solar panels can reduce more carbon emissions per acre compared to trees. They also reduce reliance on fossil fuels and help us live more sustainably.
Installing solar panels is a great investment for most people because of the numerous benefits of solar energy. Solar panels can save us money on our electricity bills and increase home value by an average of 6.8%. They typically pay for themselves in 10 years or less.
Factors to consider at the time of buying solar panels
1. Electricity rates and usage
People living in areas having high electricity costs can save more money through solar panels than those living in places having cheap utility rates. Homes having high energy consumption can also reap substantial financial benefits from installing the panels.
2. Solar incentives and rebates
Solar panel installations usually have high initial investments. But some countries and utility providers offer incentives and rebates that reduce the upfront solar system cost or provide extra savings as the panels start to operate.
3. Location and roof design
Solar panels give the best results in places receiving lots of sun exposure and cool temperatures. It is also important to study roof design as panels should ideally be installed on south-facing roofs that don’t get shaded and have less obstructions like skylights and chimneys.
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