Is It Smart To Invest In Solar Panels

They make it sound so easy but the truth is whether solar is a smart long term investment for you depends on a few major factors.

Is it smart to invest in solar panels.

Considering all the benefits solar power panels have to offer there is no right time to invest in solar power panels but now. Chris zuppa the penny hoarder you might think that owning a solar system would ensure 24 7 access to electric power even when the grid goes down from hurricanes or other disasters or accidents. If a company is looking to invest in solar farms you can offer your property for this purpose. Solar energy is gained from the sun and then extracted through the usage of photovoltaic cells.

Instead you are just leasing your land for making a solar farm. According to the international energy agency global renewable energy capacity is on track to expand by 1 200 gigawatts gw from 2019 to 2024 with solar powering 60 of that growth. If you find that your household is energy heavy it might make a lot of sense for you to invest in solar panels. When your home uses electricity produced by your solar panels you don t have to purchase electricity from your utility.

Take your smart home to the roof with vivint solar. If it faces south southeast and southwest included and you pay around 13cents per kw for electricity solar panels are a safe investment and you should opt for roof mounted ones. Electric bill savings the biggest reason to invest in solar during an economic recession is due to the undeniable electric bill savings. This turns sunlight into electricity.

Solar panels produce electricity that is used to power your home. On the other hand if your roof is facing north and is more than 20 shaded during daylight a ground mounted south facing system would be a significantly better option. It is the most secure and straightforward way of investing in the solar sector. The need for installing solar panels for business purposes or household purposes is increasing steadily.

As compared to other sources of energy solar panels are a great choice. Where to put solar panels. You are not putting your physical money into the business. For many installing solar electricity seems like a no brainer it helps decrease your carbon footprint reduces electricity costs and with new incentives in place like federal tax cuts and state rebates investing in solar panels is more affordable than ever.

Solar source technician jason breaux is tethered to the roof of a house in dunedin florida during a solar panel installation.