Basically, solar energy is radiant energy from the sun. Technically, it’s known as electromagnetic radiation from the rays of the sun. Solar electrical systems, also called PV, or photovoltaic systems, are created to absorb the electromagnetic radiation of the sun through the use of solar panels consisting of semiconductor materials known as solar cells.
The sun’s radiation is transferred into electricity and transmitted throughout the home through a circuitry system. This process works more efficiently in key areas that are exposed to a good amount of sunlight but can also be utilized in virtually any location that gets some degree of sun exposure. Because sunlight is 100 percent free, using it to power all or some of your home’s electricity can be an excellent way to greatly reduce your utility bills.
Savings vs. Cost
The overall expense of incorporating solar energy plans into your home will primarily depend on what kind of system you buy along with how much electricity you want it to offset. Other factors include the competitive pricing from various installation companies, manufacturer rebates, and the size of your home.
According to the United States Department of Energy’s Homebuilder’s Guide on Going Solar, a PV system on average is approximately $24,000 for a 3-kilowatt system or $8 per watt along with solar water heating systems that vary from $1,000 – $4,000. An expert solar energy system installer can give you a more exact quote before you make the decision to install a system in your home. Although the installation fees and system itself will cost a bit of money upfront, the electricity it generates is totally free. In time, the money you’ll save on traditional electricity costs will far outweigh the expense of implementing the system.
Looking to the Future
The cost of living inevitably continues to rise each year in the form of higher gas prices, groceries, and utility expenses. Therefore, by reducing your dependence on traditional electricity now, it will save you literally tens of thousands of dollars later on your utility bills. As more and more homeowners move toward an eco-friendly and ‘green’ lifestyle, solar energy will keep growing in popularity along with a stronger desire for homes and properties already equipped and fully loaded with money-saving solar energy. Solar energy has the ability to boost the equity in your home as well as make it much more appealing to potential buyers. According to home experts in the solar industry, solar-powered homes sell virtually twice as fast than homes that use traditional electricity.