Is It Worth Install Solar Panels in Residential Homes?

The cost of energy keeps going up, and analysts fear that if current trends hold up, the word could face a serious energy crisis in just a few decades. The high cost of fuel and the ever-growing need for environmental conservation is pushing industrial leaders, independent organizations, and governments to look for new energy sources to meet the insatiable energy demands. The main keen areas of interest in the search for alternative sources of energy are wind and solar power.

According to a U.S. energy factsheet, the SunShot initiative hopes to meet 27% of the country’s energy needs through solar energy by 2050. This initiative will also see a 28% reduction in emissions produced by the electricity generation industry. The government and other organizations are also encouraging homeowners to install solar panels to at least relieve the dependency and strain on the national grid.

Benefits of Installing a Solar Panel in Your Home

Supplementing the national grid with solar energy is definitely a good idea, but would it make sense to make a domestic solar investment New Jersey or any other place?

Solar energy is a renewable and clean source of energy, which means it’s absolutely free and produces zero-emission. What’s more, solar panels don’t require a lot of maintenance and have a reasonable useful lifespan of about 25 years. So, installing a solar panel could save you a lot of money on utility bills, and you’d be actively contributing to global sustainability efforts.

What Are the Downsides

The initial installation cost of a decent domestic solar energy system is still way too high. Although manufacturers are working on ways to bring the price down, at least for now, the cost can be a hindrance. The good thing is that the investment can be justified in the long-run, by factoring in the lifetime cost savings. But there is also the issue of efficiency and reliability. Most renewable sources, particularly solar, are not very dependable; you might still have to rely on the grid most of the time to power your house even if you had a solar power station.

Solar energy harvesting and awareness have come a long way over the last few years. Every little effort towards a more sustainable future counts, and that’s what installing a domestic solar system is all about.