Residential Solar Energy Systems
Are you one of the many homeowners that are considering installing residential solar panels for home energy efficiency? Each homeowner that looks into renewable energy, does so for his or her own reasons. In most cases, people choose solar power for more than one singular reason. Generally speaking, the most common benefits that people seek are cost-savings and using an environmentally-friendly energy source. However, there are plenty of other solar advantages to be aware of.
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Benefits of Residential Solar Energy
Solar Saves Money
With solar energy, homeowners can save enough to either offset most of an electrical bill or even eliminate it altogether, depending on the solar home system size. Each month, the average American household uses 920 kWh of energy.
Solar Panels Can Increase Property Value
Studies show adding a residential solar system increases a home’s resale price by $4.00 to $6.40 per watt, depending on your home’s location. In other words, a 4.2kW system can add $16,800 to your home’s value. Studies also show that homes with solar energy sell 15% faster than comparable homes without solar installations.
Types of Solar Installation
- Power from the Power Utility on Cloudy Days
- Sell Excess Energy For Utility Bill Credit
Owners of residential solar systems often utilize net metering with a grid tie system. With this system, homeowners earn credits for unused energy that’s generated from the solar panels and then tied back into the electrical grid. This most often occurs in America during summer, particularly in northern states, when there’s more sunlight available.
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Grid Tie with Battery Backup Solar
This option, sometimes called a hybrid residential solar home system, allows the harvest and use of solar energy during the day, and use of the battery storage at night.
Financing for Solar
The size and cost of the residential solar system varies greatly, depending on things like the amount of power consumption, battery backup capabilities and even local and state government regulations. To help alleviate the upfront monetary commitment, we’ve partnered with several financial institutions to provide financing options. Call us to find out your options.