Solar power is one of the fastest-growing industries in the world, and it’s easy to see why! And if you’re thinking about getting a solar system for your home, then you’ve probably already heard the benefits. But if you’re still on the fence about whether or not solar panels are right for you, read on to learn more about all the amazing things they can do for your wallet and the planet.
You Get to Save Money
You can save money by installing a solar system for your home. The cost of solar panels has been dropping for years, and it’s expected to continue dropping. In fact, some estimates suggest that solar could be as cheap as coal in the near future!
Meanwhile, solar electricity is more expensive than grid electricity, but there are many reasons you shouldn’t worry about this.
You’re Saving the Environment
As a society, people have become more aware of the dangers of using fossil fuels and toxic materials. So whether you’re concerned about its effect on your health or the environment, solar power is a highly appealing option.
Solar panels are made using silicon, the second most abundant element on earth. It’s also one of the most common materials used in manufacturing, so it’s not hard to imagine that plenty of silicon will be available for use by solar panel producers for many decades. Additionally, since silicon is so common, if all goes well with manufacturing processes over time, there shouldn’t be much risk that supply will run short unexpectedly.
The Future of Solar Power is Bright
- Solar power is getting cheaper. The cost of solar panels has dropped by half in the last decade.
- Solar power is getting more efficient. Today’s panels can convert about 20% of sunlight into electricity, but scientists are working on increasing that number to 30%. Eventually, they may even be able to reach 50%.
- Solar power will be the biggest source of energy in the world by 2050. The International Energy Agency predicts that solar will provide 27% of all global energy by then—more than what comes from fossil fuels or nuclear plants combined!
They Can Increase Your Property Value
In the past, solar panels were generally used only by the rich. They were far too expensive for most people to afford and, thus, not worth it. Today, however, it is a different story: solar panels are much more affordable than they used to be. The cost of installing solar panels is also less than most homeowners think–the average cost is around $10,000 per panel system with installation included.
It’s important to note that if you choose to sell your home at some point in the future (or rent out your property), installing a solar panel system on the roof will greatly increase its value! It’s estimated that over 80% of buyers would pay more for homes with solar panels installed on them already; this means that installing these systems before selling will make you more money when you sell later down the road!
They Provide a Backup in Emergencies
Solar panels are also ideal for use during emergencies. They operate in low light conditions, which means that you’ll be able to power your home even when the grid goes down. So when the power goes out, you can turn on your generator and charge it up with solar energy, so you won’t have to run out to buy gas every time there’s a storm.
In short, going solar can be a great investment for your home and environment.