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You are here: Home / Home Improvment / Installing Solar Panels: Are They Really Worth It?

July 30, 2022 Home Improvment

Installing Solar Panels: Are They Really Worth It?

Kentucky has between 170 and 190 sunny days per year! That means that for more than half the year, every year, free energy comes from the sky.

If you’re still on the fence about solar energy, don’t be. Here are all the reasons to install solar panels for your home and why installing them is worth it.

Benefits of Solar Panels

Solar panels have many benefits, including economic, social, and environmental ones. Many of these are well-known, while others are not; we will investigate a few of the more notable benefits here.

The most fundamental advantages of solar panels are that solar energy is renewable. It can be used in all locations and is available daily. Unlike other energy sources, solar energy cannot be depleted.

The best solar panels can also protect you from escalating electricity prices. The cost of electricity has risen over time due to the requirement for utilities to pay for grid repairs and power plant building.

These increased expenditures are accounted for in energy bills. However, suppose you have enough solar panels. In that case, you may not have to pay the rising energy rates because you will be generating your own electricity.

It’s Good to go Solar

Installing solar panels with the best solar company provides significant advantages over traditional energy sources by addressing faults in those systems on which we have grown dependent.

The primary benefits of solar energy are:

  • Cheaper electric bills.
  • Increased property value.
  • Combating rising electricity costs.
  • Earning money back on your investment.

Most importantly, you will be lowering your carbon footprint.

Save Money on your Energy Bill

You will contribute to a more efficient way of generating energy by switching to Solar Panels. The energy transmission from power plants to your home over large networks necessarily leads to energy loss. When your power comes directly from your rooftop, the loss is minimized, and less energy is lost.

Having said that, you may want to think about potential rules in your neighborhood. If you live in a community with a homeowner’s association, you must obtain permission before installing a system. Always check with your city because many require licenses before any construction begins. Depending on where you live, the system may be able to pay for itself and more over time. This is because you will spend less money on electricity from your utility. If you have net metering, you may be able to cut your rates even further.

Make Money on your Energy Bill

In the United States, the typical buy-back rate is 75% of the retail value of your surplus electricity. Utility companies may buy your energy at a wholesale rate in some states, while others have no net-metering laws at all. Overall, solar panel savings add up. According to EnergySage, going solar saves homes in most states an average of $17,000 to $24,000 over 20 years, based on 2019 pricing for a 5-kW system.

Switch to Solar

Make the switch by installing solar panels that suit your budget and need to begin reaping the benefits of unlimited energy courtesy of our nearest star! And with that done, you’ll have that much more free time to browse our site for great articles on lifestyle, pets, food, and so much more.

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