With the ever-rising cost of living, more and more savvy homeowners are making the switch to solar.
If you’ve considered installing solar in the past, but you were put off by the costs of making the switch, now is the time to venture down that path again. The overall cost of installing solar panels has decreased by over 50% in the last ten years, which makes it an attractive option for those who want to go green and save money on their household overheads.
Solar is a cost-effective, renewable energy source that will only ever save you money. If you’re sceptical about how much you could be saving, here are five detailed examples to persuade you:
- Lowered Power Bills
The most significant saving of switching to solar is the immediate benefit it will have on your monthly power bill. Those savings will initially work to offset the cost of installing your greener solution, but the savings won’t stop there.
Every household’s savings will differ, depending on their energy consumption, but the overall savings rate is somewhere in the region of 50% – particularly on cooling bills.
- Buy Back Rates
Many energy companies around the world offer a decent buyback rate for solar households that generate excess energy with their panels. These deals are golden for savvy homeowners who fancy making a bit of extra cash on the side.
Solar owners in countries with year-round sunshine will benefit the most, but that doesn’t stop cold-climate countries from making the environmentally friendly shift.
- Increased Property Value
Another fantastic reason to shift to solar is that energy-savvy homes are worth far more than their traditionally powered counterparts. A study from 2003 to 2010 found that solar panels boosted property values by as much as 20 000 dollars on average. Imagine what that amount would be now, over ten years later!
Several studies have suggested that solar panels add an extra 5% to the value of a property – what better reason is there to make the change? For the best solution, buy a 200-watt 12-volt monocrystalline solar panel and start generating your energy with the help of the sun.
- Efficient Heating and Cooling
Coupled with an inverter, your solar panels can efficiently cool and heat your home during the harshest seasons. The inverter is an integral part of the setup because it uses the solar power stored in the battery to work at cooling and heating your home efficiently.
For heating options, including water heating, your solar installation can be linked directly or – it can be circulated through space heating pipes and equipment.
- Battery Storage Savings
A standard solar installation can be used to save money during the day, but if you add on a few batteries, you can dramatically increase your savings. Batteries can help you cut down energy consumption at night by storing and discharging the stored electricity for use when the sun has gone down.
Ensure that you invest in a setup that is designed to be used to provide you with renewable electricity at minimal running cost to your household budget.