Do Solar Panels Save Energy

The sun s energy is expressed in different ways depending on what materials it interacts with.

Do solar panels save energy.

The credit could save the average homeowner 5 000 or more depending on the size of the system according to energysage a solar marketplace with a calculator to help estimate savings. A recent study found that solar panels are viewed as upgrades just like a renovated kitchen or a finished basement and home buyers across the country have been willing to pay a premium of about 15 000 for a home with an average sized solar array. How solar power may save you money. Solar panels are built with materials that physically interact with certain wavelengths of solar energy.

Solar panels are a one off expense when compared over recurring and high electricity bills. This enables them to transform solar energy into electricity. Investing in solar energy will not only save you month to month on your electric bill but it could also increase the property value of your home. That being said how much you ll save depends on a number of factors.

When you go solar you effectively install a mini power plant on your roof to replace the power plant where your utility gets its electricity. Instead of saving energy solar power might be able to save you a nice chunk of change. Direct hours of daily sunlight and the size and angle of your roof are both important but local electricity rates play the biggest role in determining how much solar can save you. If you install solar panels at your home and remain connected to the electrical grid you can be your own power plant and contribute to the grid.

That means homeowners with high electricity rates from their utility are the ones who save the most when they switch to home solar power. A study by the national bureau of economic research found that in california pv systems added a 20 194 premium to the sales price of homes. For example if you pay the average 23 000 to install solar panels this year you could reduce the amount you owe the irs next april by 6 900. The simple answer to the question do solar panels really save you money is yes.

Get a free solar savings estimate from google. Here s how solar panels absorb and store energy. Buying a solar energy system will likely increase your home s value. When the sun shines all day and there are no clouds in sight the solar panels could harness more energy than you will use.

This in turn helps save energy from petroleum necessary for vehicles. If your roof is deeply shaded by trees mountains or buildings solar panels won t work well. It may seem obvious but access to sunlight is important.