What You Can Save by Using Solar Electric Panels What You Can Save by Using Solar Electric Panels

The amount of money that you can save by using solar electric panels in your home depends on a number of different factors. In some places, solar power is not a particularly efficient way of supplying electricity to your home due to the weather conditions. However, most homes can benefit from solar power provided that the installation is carried out correctly and high quality components are used. There are also even cases where homes have managed to become completely self-sufficient, negating the necessity for a contract with an energy company entirely.

Facts about Solar Energy

The most obvious advantage of solar energy is its environmental benefits. It is completely clean and renewable. It also requires minimal maintenance since there are no moving parts. There are fewer things that can go wrong with solar panel installations than with electricity, so costs of maintenance are much lower.

Solar energy can be used for all applications, though it can save you more money in certain uses than others. Using it to heat water, for example, is a particularly efficient way of saving money with solar energy, especially since almost a third of electrical power in US homes is used for heating water on average. It can also be used to heat swimming pools or power various appliances. Solar energy can also be used for lighting your home, cooking your food and more.

The Initial Startup Costs

The initial cost of installing solar electric panels is high. There is no way around this, but there are ways to soften the blow. Building and installing your own solar panel installation is a viable possibility, and there are plenty of guides out there and kits to get you started. A home solar system which is ready to be installed consists of a battery, the wiring, an inverter, the solar panels and support structure. It should include everything that you need to start taking advantage of solar energy.

However, such installations can cost about $10,000 for a 1 kW system. A 1 kW system should be able to generate around 1500 kWh every year. This assumes a fairly sunny climate with about 5 hours of sunshine per day.

How to Save More Money

The amount of money that you will save depends on the efficiency of the system that you have. The efficiency depends on the local weather conditions as well as various factors with the system itself. A 1 kW system should be able to power all of the lighting in a medium-sized household, for example. but you will still need mains power to supply enough electricity for appliances to run. When you consider, for example, that a small electric heater uses up to 2 kW of power, a 1 kW solar energy installation may not sound like much. To save more money in the longer term, you should get more energy-efficient appliances, energy-efficient lightbulbs and, ideally, an expanded solar power installation.

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