The Value of Residential Solar Panels for Homeowners

Many homeowners have decided that it is time to reduce their energy costs and have turned to a clean energy source to meet their energy needs. Solar panels for houses are an affordable option that many homeowners now use. The technology has advanced to a level for homeowners to produce and store enough energy to become completely self-reliant when it comes to generating sufficient energy for their home. Is solar power worth it? There are many reasons why homeowners are adding residential solar panels to their home.

It has become a common sight for homeowners to see residential solar panel systems on homes in communities. Canadians are in good company as this technology is widely implemented in many first-world nations. Germany, China, Japan, the United States and France are among the countries making solar energy a priority in their development of a clean energy solution. Learn more about relevant Canadian programs to make going solar more affordable.

Solar Has Become More Affordable

Homeowners will have to pay money to purchase and install a residential system, but solar panels have become much more affordable. How much does it cost to install solar panels? The solar installation cost and the cost of the system itself has dropped significantly as the technology has matured. Plus, homeowners in areas like Ontario may be able to take advantage of subsidies to reduce some of those initial costs. How much do solar panels save? Homeowners who decide to purchase a residential solar system may be able to pay themselves back in the form of significantly reduced energy bills in only five years.

Reduced Energy Bills

Homeowners understand that costs of energy from traditional sources will only rise based on the historic trend in the area, but going solar can lead to reduced energy bills. Those that want the ability to slash energy bills in the future and better predict energy costs are turning to residential solar panels. Those who decide to safely generate and store their own clean energy may not need to pay a local utility company for their energy. Do solar panels increase home value? The answer is yes, and residential solar panels often complement other energy-efficient upgrades that can reduce energy consumption and boost home value.

Make Money Generating Clean Energy

There are money-generating opportunities for some who go solar. There are cases of homeowners selling energy back to utility companies through Ontario's MicroFit program. Comparable programs are available in New Brunswick, British Columbia and Nova Scotia. This may prove an additional incentive for homeowners to learn more about residential solar panels and applicable programs in their area. Income produced through such means may be subject to taxation.

Become More Self-Reliant with Solar Energy

Those that have been subject to power outages, blackouts and increasing energy costs from being hooked to the grid want a way to have a more consistent and reliable source of affordable energy. Homeowners living in areas that may experience freezing temperatures do not want to suffer a power outage or blackout that may endanger their health or those of their family. New solar energy storage batteries make it possible to generate clean energy and store it for later use. In this way, homeowners may avoid the issues that may occur to those who continue to rely upon traditional sources of energy provided by utility companies.

More Ways to Start Generating Solar Energy

There are initial costs to be considered when deciding to go solar for those who decide to purchase a system. However, purchasing is not the only way to have a residential solar panel system installed on one's Luxstone home. Do note that subsidies and incentives are often only available to those who purchase such a system. Another alternative is to lease a system. This makes it possible to enjoy reduced energy bills and to allow a third-party to tend to any maintenance needs of a system. Lenders may make financing a solar panel system possible.

Take Steps to Support the Environment

Homeowners often appreciate that generating solar energy supports the environment, as it does not demand the same type and level of resources which is needed to produce energy from traditional sources. This allows homeowners to reduce their carbon footprint and support their local communities and the environment. The more homeowners that switch to clean sources of energy, the less communities will rely on nonrenewable resources and the creation of additional utility companies to meet the local demand.

Not every homeowner will be able to have a solar panel system installed on their home. This may be due to the location of a home, the type of roof, or other factors. Those interested in purchasing or leasing a residential solar panel system can have a free assessment of their property performed. Those who purchase a high-quality system may generate clean energy for as long as 30 years. Systems should be professionally installed for warranties to continue to remain valid.