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Are solar panels a good investment in 2020-2021?
Are solar panels a good investment in 2020-2021?
Confused about whether to get those solar panels installed or not?
To understand if solar panels are a good investment, let’s first understand what a solar panel system is.
The solar panel system
It is an assembly of interconnected photovoltaic (PV) solar cells that can catch and store solar energy. Then the stored solar energy gets converted into electricity. Every solar panel consists of a bunch of solar cells. These cells are made of silicon, connected together and placed between the backing plate and a protective glass.
Choosing the appropriate solar panel system
When considering if a solar panel system is a good investment for you, you also need to make sure that you’re looking at the right solar panel system for your needs. Here are a few things to consider when finding the right solar panel system:
Size of the solar panel system
The appropriate size of the solar panel system is the one that fulfils exactly your energy consumption needs. You need to know about your energy consumption and requirements and find a system efficient enough to meet the needs.
The number of solar panels
The number of solar panels required for your energy needs depends on the panel’s power output. The more power output a panel gives, the lesser panels you will need.
For this you need to figure out
- Energy consumption of the house.
- Usable space on the roof.
- Maximum sunlight.
Requirement of solar storage battery
Having a solar storage battery means you can access the electricity generated by the solar panels during the day at night or on cloudy days. It is not a necessary but a great option if you plan on running your home mostly on solar power.
Only after finding the right solar panel system for your needs this fits your budget, you can decide if it’s a good investment.
The right solar panel system that meets your requirements comes with a lot of advantages.
How does installing this system at home benefit you?
Solar panels are a great investment to a home. Most solar systems can pay themselves off within five years.
Advantages of installing solar panels
Save on electricity bills
Electricity bills can be dreadful. Summers in Australia cannot be survived without an air conditioner running at all times. But having solar panels installed at your home can be a big relief. You start saving on your electricity bill the moment you get them installed.
It’s a cost effective option
The cost of production and installation of solar power systems has dropped dramatically in the last 10 years. This makes it an affordable option that helps you save even more money.
Add value to your home
Having a solar panel system installed at your home adds value to the property in case you wish to sell.
Help the environment
Using sustainable energy, installing solar PV panels on your roof is one of the best ways to contribute towards helping the environment.