Are you looking to live a greener life and not contribute to climate change? Did you know that one study finds that climate is responsible for billions of dollars in flood costs? 

Are you considering solar panels, but want to know more about them first? In this guide, we’ll take a look at residential solar panels. Read on to discover more about these and how they can help you save money each year!

How Do Solar Panels Work? 

Solar panels work by having photos or particles of light to free electrons from atoms. This is what creates electricity. 

Photovoltaic cells are what absorbs the sun’s energy to convert it into DC electricity. The solar inverter then converts the DC to AC electricity which is used by many homes. 

Cost Savings

When you’re looking into different solar providers, such as, you’ll notice that solar can save you money in the long-term. Residential solar panels can help you save depending on local electricity rates, electricity consumption, daily sunlight, the angle of your roof, and a few other conditions. 

Increased Value

Residential solar systems can help increase your home’s value. You pay a premium for your solar panels, but it’ll increase the value of your home by thousands. 

Price Drop

The price of residential solar installation has dropped over the past few years. If you’re considering solar panels now, they’re much more affordable than they were 10 years ago. 

How Long Will It Take To Install? 

It normally only takes a few days to install. How long it takes depends on a few factors. 

If you’re having net metering set up, it’ll take longer for the panels to connect to the grid. The installation can be very quick and painless, with or without net metering. 

What Is Net Metering?

Net metering is where you receive bill credits if your solar system produces more electricity. If your panels aren’t generating enough electricity, that’s when you can use those bill credits for grid electricity use. 

Renewable Energy

Solar power is a renewable and clean energy source. This is a way to reduce gas, oil, and coal for electricity production. 

Fossil fuels are harmful since they affect the soil, water, and air leading to global warming. Solar energy is a way to reduce pollution. This is due to absorbing the sun’s energy to prevent harming the ozone layer. 

Tax Breaks

You can look into and see if you qualify for tax breaks. These can be at a local, state, or federal level. This is receiving a tax credit to reduce your federal income tax. 

Potential Cons

One con is that the sun isn’t out for 24 hours. When the weather is cloudy it’s harder to obtain solar energy. Solar panels also take up a large amount of space. 

A Guide on Residential Solar Panels

Now that you’ve explored this guide on residential solar panels, you should have a better idea if they’re right for you. Would you like to read more home improvement content? For everything from home improvement to inspections, check out our other articles today.