According to the SEIA, solar energy accounted for more than 46% of new electricity installations in the U.S. in 2021. The industry plans to increase these installations by another 66% in the next decade.
There are already millions of homes enjoying the benefits of this alternative energy source across the country, with more homeowners signing up for solar power every day.
Are you curious to find out what all the fuss is surrounding solar, and whether you should join in?
Keep reading to find out more about how going solar works and how it can benefit you.
How Does Solar Power Work?
Crystalline solar panels comprise silicon wafers arranged in arrays and concealed in a weatherproof casing made of glass and plastic or metal.
Energy from the sun’s rays shakes electrons loose from the silicon inside the solar panel to create a direct current. This DC travels via conductive wires into an inverter.
The inverter transforms the direct current into alternating current, which can run everything in your home.
Thin-film solar panels use thin layers of materials that absorb energy from the sun to generate power. These include:
- Amorphous Silicon (a-Si)
- Cadmium Telluride (CdTe)
- Copper Indium Diselenide (CIS)
- Gallium Arsenide (GaAs)
Different types of solar panels have varying degrees of efficiency. So, it’s important to work with an experienced solar installer to find the best ones for your home.
The Benefits of Going Solar
Solar power is a renewable energy source that creates no carbon emissions. In this way, it contributes toward reducing carbon emissions and ensuring a better future for all.
Apart from helping the environment, you’ll also save on your electricity bills when you go solar. With an off-grid system, you won’t use any expensive grid power. If you connect your panels to the grid, you’ll pay less for electricity thanks to net metering.
Solar panels also increase the value of your home, and freedom from the grid means inconvenient power outages needn’t disrupt your life.
Solar Cost Considerations
According to Blue Raven Solar, solar equipment is currently 70% cheaper than it was in 2010. So, you can budget for around $18,000 when you install a residential solar system.
You can save on this initial outlay by taking advantage of the federal government’s ITC.
This incentive allows you to deduct 25% of the cost of your solar installation, including labor, from your income tax in 2022. In 2023, this saving decreases to 26% and the benefit ends in 2024.
Most people pay for their installation with a solar loan. If you go this route, your solar panels will pay for themselves in around ten years.
Other ways to install solar at a lower cost include solar leases or power purchase agreements.
Life Is Better With Solar Power
Going solar is one of the best ways to embrace energy efficiency in your life. It’s clean, renewable energy with many benefits for the environment and your budget.
Are you on board with discovering all the best lifestyle choices? Browse some more of my blog articles for tips to help you make the most of your life.
