Interested in benefiting from solar power? Solar power panels are installed at three main scales: residential, commercial, and utility. Residential-scale solar is typically installed on rooftops of homes or in open land (ground-mounted) and is generally between 5 and 20 kilowatts (kW), depending on the size of a property. Commercial solar power energy projects are generally installed at a greater scale than residential solar. Though individual installations can vary greatly in size, commercial-scale solar serves a consistent purpose: to provide on-site solar power to businesses and non-profits. Finally, utility-scale solar projects are typically large, several megawatt (MW) installations that provide solar energy to a large number of utility customers.
There are plenty of reasons to purchase solar power panels. We are going to go through a few of the most important reasons people are switching to home solar energy: growth, decreased prices, savings, and sustainability.
Solar panels have significantly grown in popularity in the last decade. In fact, solar has experienced an average annual growth rate of 42% in the U.S., according to SEIA.
And in 2020 alone, solar power experienced a 37% growth.
Solar has also dropped in price over the last decade, and according to SEIA, by more than 70% over the last decade, leading the industry to expand into new markets and deploy thousands of systems nationwide
One of the major reasons for the massive growth of solar in the last decade is over concern for our planet’s resources. Fossil fuel energy is running out and the climate is getting worse. Government environmental policies have adopted 100% clean renewable energy by 2035 in which solar energy is a large part of meeting this goal.
On top of all these benefits, homeowners who own a solar system can see massive savings in their energy costs. How much can you save by having solar panels installed on your home? We’re about to go through that now.
One of the first questions first-time solar homeowners ask is, “How much do solar panels save?” For starters, solar power offers protection from high energy rates and steadily rising electricity costs. When you have your free consultation with Solar Smith, a specialist will give you a specific solar savings estimate based on your ideal solar power system size, monthly energy usage, appliance electricity usage and the kilowatt-hours (kw or kWh) you’ll want to produce.
Between your excess power and property value, there are a number of areas where you will see the solar savings make an impact on your bottom line. Not only do solar panels save you money on your energy bills, but solar incentives like the solar federal tax credit, net metering programs, and federal, local, and utility rebates make the initial decision to go solar easy and affordable.