Solar panel systems are more affordable than ever, thanks to technological advances, mass production and increased competition among manufacturers. There has never been a better time to switch to solar and start reaping the benefits of renewable energy from the sun. Since the sun is expected to keep shining for another 5 billion years, the potential free energy production is virtually limitless. Traditional methods of producing electricity involve burning coal and other fossil fuels, an unsustainable process that contributes to global pollution and climate change. In comparison, solar is vastly more affordable and environmentally beneficial in the long term.
The Price of Solar is Falling
For years, solar panels had a reputation for being prohibitively expensive despite potential long-term savings. Many homeowners would like to lower their utility bills and reduce their carbon footprint, but may believe they cannot afford the initial cost of a solar system. However, prices for residential solar panels have dropped by more than 70 percent since the 1990s. Depending on where you live, federal and state tax credits can significantly decrease your upfront investment costs. With the variety of financing and lease options now available, homeowners can have solar panels installed for as little as zero money down. Solar panels will also increase the appeal and resale value of your home. SolarEnergyPlans.net offers information about financing and can help you get the wheels turning on your new solar panel system.
How They Work
Solar panels, or modules, work by converting photons from the sun into electricity through a process known as the photovoltaic effect. The panels consist of solar cells, usually made of silicon, which are attached to a rack and mounted on a roof or other location. Though the technology behind solar arrays may seem complex, installation is simple and the system requires very little maintenance once installed. An annual surface cleaning to clear dust and debris is enough to keep most solar arrays operating at full efficiency. The savings on your utility bill will vary depending on several factors, including local utility rates, climate, and the size and efficiency of the solar array. Even a modest solar panel system can offer significant monthly savings, however, as well as a sizable reduction in carbon dioxide emissions.