Being forced to pay ridiculously high electricity bills month after month, and knowing that the environmental consequences of that energy are catastrophic over time, can be a significant burden for homeowners, and weigh heavy on their minds. However, many homeowners may think that those high energy costs and high carbon footprint, are simply something they must put up with.
But what about switching to solar and benefitting not just from lower energy bills, but from a reduced carbon footprint, too? Could this be an option for you?
Keen to know more about solar and wondering whether it might be the right choice for you? Read on to find out all you need to know about making the switch to solar power, and its many benefits:
How do solar panels generate electricity?
Manufactured using photovoltaic cells that convert light from the sun into DC (direct current), the electricity produced is then directed to an inverter which converts it into AC (alternating current) for use within your home.
What are the financial advantages of switching to solar?
As soon as your solar panels have been professionally installed, you’ll begin to generate your own electricity, and will be able to rely a lot less on your utility company. Ultimately, this means that you’ll be powering your home from your own, clean, green energy source, and will no longer be forced to pay the exorbitant and continually changing prices dictated by your utility company.
Another financial incentive is that by having a solar panel installation on your roof, you can increase its value and make it more attractive to potential buyers.
What can affect the cost of having solar panels installed?
There are several factors which can play a role in how much it costs for you to have a solar panel installation, and they are as follows:
When searching for a reliable company to install solar panels for you, be sure to carry out plenty of research and read online reviews from previous customers; ideally, satisfied ones.
How can you finance a solar panel installation?
There’s no doubt that having a solar system installed is a significant investment to make, even considering the long term financial benefits, but you may be able to apply for one of the following if necessary:
A solar loan. With low rates of interest and longer terms of repayment, this type of loan is specifically designed for solar installations.
A solar lease. By paying a monthly fee to take advantage of the electricity your solar system generates, you can still go solar, but without the cost of actually owning the panels yourself.
Power purchase agreements. Enabling you to pay a rate that remains fixed for the electricity your solar system generates; you may benefit from a power purchase agreement.
Helping you reduce your energy bills for the foreseeable future (panels typically live for 30 years or more), solar panels are a fantastic way to pay less for powering your home, while causing less harm to the environment.
So, if you’re interested in making both financial and environmental savings, well into the future, then investing in a solar panel system could definitely be of benefit to you.
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