Plenty of sunshine feels good while sitting in your home. But it feels even better when you know that it provides the electricity running the appliances within it. Adding solar panels to your roof is just the way to do it. There are two reasons for this that we would like to share with you.
It can save energy!
There is the potential to save over $1000 a year on electricity. If you generate excess electricity, you may even be able to sell it back to the grid. Homes without smart meter readers need the monthly visit of employees to get a reading of their electricity usage. With an independent solar powered system, your home won’t have a middleman between you and your electrical power.
Depending on where you live, you may also be one less customer who contributes to the creation of coal plant emissions. Solar panels will also help save energy when considering maintenance costs. Off-grid solar panel systems have no moving parts and can have operating lives of around 30 to 40 years! If the price of electricity goes up, your solar electric system ensures that you don’t pay more for years to come and the possibility to profit from the price increase if you make more electricity than you can consume.
It can have a good effect on the value of your home!
It has been written that the value of your home could be increased by twenty dollars for every dollar that you save annually on your utility bills. It has also been written that there is $5,911 added in resale value for every installed solar kiliwatt. Your own homes mileage may vary, considering what state your home is located in. But the Department of Energy even came out with good numbers for people willing to pay more money (in fact, $15,000 more!) for homes offering solar panels already installed. The National Bureau of Economic Research (NBER) released numbers stating that 3 percent and 4 percent can be added to the value of a home as well.
The market has definitely shifted in favor of solar powered homes, and if you haven’t made any efforts in entering your home into this market, now is a good time to try. A leased solar system may not have the same effect however. An unleased solar power system could actually provide a 97% return-on-investment, according to some California numbers. Regardless of such numbers, you can benefit directly from such an investment by not depending on energy produced far from your home and eyes, and an experienced electrician can help make your roof’s solar panels even more efficient.
He or she could make sure your breaker box and connections are at the right place and that your battery bank has the right capacity for your household’s voltage needs. If you have any questions that aren’t answered here, he or she will surely be able to give you a better idea of what a solar powered system will give you and what you will need in exchange.