Solar energy is extremely versatile, and can provide power not only to our homes and appliances but to places where channeling power from a grid is impractical or impossible, such as remote, off-grid regions, satellites and boats. This often reduces a community’s reliance on fossil fuels, as well. Benefits the CommunityĪ process known as net metering allows consumers to sell excess electricity their panels produce back to the utility company, further reducing utility bills. However, solar panel warranties typically cover them with performance guarantees. Regarding maintenance, professional service for your panels can cost between $140 to $180, while an annual inspection or cleaning can cost about $150. If panels are kept clean and free of debris, they should continue to function without any additional action by the consumer for many years. Once installed, a solar system requires little maintenance as long as it remains unaffected by environmental factors. Consumers can often break even on the investment-usually within six to 10 years-and then start reaping the benefits well before the system needs replacement or considerable maintenance. The start-up costs for a solar system represent a significant expense, but the costs are usually mitigated by savings on the electric bill. If a home has solar panels, its owners will be saving money in the long run, increasing its appeal and value. Also, homes with solar panels sell for four percent higher than those without them. Solar Panels Increase Home ValuesĪccording to the National Renewable Energy Laboratory, every dollar a solar panel saves you on your electrical bills increases the value of your home by $20. These battery systems can also turn solar systems into emergency backups during power outages. Energy IndependenceĪ home reliant entirely on solar power features the capacity to function entirely off-grid, especially when supplemented with a solar battery system to maintain power during non-daylight hours. With power prices on the rise, consumers stand to save a considerable amount on monthly power bills by switching to solar. Solar energy can help most consumers power their homes as an alternative or supplement to purchasing electricity from a grid. Solar power has the potential to help us minimize our use of fossil fuels and the impact we have on the environment. Solar Energy Pros And Cons: What Are The Advantages And Disadvantages?įossil fuel remains a resource in declining supply that, when burned to create energy, releases harmful byproducts into our atmosphere. While we work hard to provide accurate and up to date information that we think you will find relevant, Forbes Home does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Forbes Home. Second, we also include links to advertisers’ offers in some of our articles these “affiliate links” may generate income for our site when you click on them. This site does not include all companies or products available within the market. The compensation we receive for those placements affects how and where advertisers’ offers appear on the site. First, we provide paid placements to advertisers to present their offers. This compensation comes from two main sources. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Home site. The Forbes Home editorial team is independent and objective.
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