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Helpful Tips On Solar Power: Purchase And Cost-Effectiveness

Installing a new solar PV system

Solar power will be the new buzzword as an alternative to traditional electricity, which will help individuals to lower their electricity bills.

In places with good sun exposure, the sunlight is an abundant supply of clean power that can help the owner to make some good savings on power bills.

Solar Uptime in Australia recommends that homeowners install solar power and obtain five to 25% more energy from the sun’s power, which can significantly reduce a household’s carbon footprint.

As long as the sun is up in the sky and there are no clouds to block the sunlight, the sun can be used to generate electricity.
Despite the initial high costs required when installing a solar PV system on the roof (or in the yard), solar power generation can be considered a cost-effective long term investment.

People using solar photovoltaic systems at home can even become energy independent if they use a battery system to store the excess energy produced by the panels.

Solar Power Production

A solar panel’s most important part is the solar cell, which turns sunlight into electricity. In a single solar panel, there are multiple solar cells.

Solar panels have different sizes; the larger the size, the more solar cells are there, and the more efficient the system becomes.

After the manufacturer lays the solar cells, the next step is to seal the panel to protect the cells, and then a non-reflective glass cover adds a layer of protection against harsh elements.

The three most common types of solar panels used today are amorphous panels, monocrystalline solar panels, and polycrystalline solar panels.

Amorphous silicon or thin-film solar panels don’t have actual solar cells, but silicon is created from the glass substrate via a deposition process, like spraying a thin layer of silicon on a glass.

The oldest and most expensive solar panel type is monocrystalline, made of pure silicon, and during the manufacturing process, the cell’s edges undergo cutting, polishing, and shaping to look round.

On the other hand, polycrystalline solar panels are more affordable than monocrystalline, which are less efficient and have a shorter lifespan because they’re only made from silicon fragments.

Flat plate collectors can be used for the generation of solar electricity as well.
When we use flat plate collectors, the solar radiation is used directly to heat water for domestic use in the house or in the office.

Cost-effectiveness of Using Solar Panels

Over the last years, the cost of a solar PV system has been reduced pretty much.

The initial investment in a solar power system has been reduced by using federal tax credits that are helping the owner to save money when purchasing solar panel systems for home use, and also to apply for Small-Scale Technology Certificates.

Additional savings are available for the owners in terms of incentives given by state and federal governments for installing energy-saving devices such as solar PV panels and flat-plate collectors at home or for office buildings.

The initial investment can be much smaller if you use a smaller PV system that can power small, portable devices and solar-powered lights.
Such devices require only a small number of solar panels and a storage device because the energy produced by the solar panel during the day will stored for night use, which can save money for the owner because he will no longer rely on the energy provided by the grid.

Solar Technology Continues To Evolve

The ongoing evolution of the solar technology also leads to a decline in the production costs for the solar panels, which is also stimulated by the large number of competitors on the market.

Due to the fact that the owner can make savings on power bills when using solar PV systems, the initial investment in the system will be recovered in a period between 8 to 10 years. Giving the fact that most PV systems have a life expectancy of at least 25 years, after the first 8 to 10 years, all the energy produced by the panels will become pure profit for the owner.

If you use a battery system to store excess energy produced by the panels, you can use that energy during the night or in the cloudy days to save even more money on energy bills.

Savings on Energy Bills

A solar panel inverter installation is a long-term investment to help save on energy bills. You can install one in your home and another in your commercial establishment.

When the sunlight hits your roof’s solar panel, energy conversion to direct current occurs. This direct electricity flows to the inverter for alternating current production to power your home. Just imagine the savings you can obtain from utilizing solar energy instead of traditional electricity from coal plants.

Despite the high savings made on energy bills, the additional investment in the battery system will not help the owner to recover the initial investment quicker.

If you don’t invest in a battery system, you can send the excess energy back to the grid, and the utility company will pay you money for it, which becomes an additional income for you.

Mankind is trying today to reduce the use of fossil fuels such as coal, oil and natural gas by making the switch to clean sources of power.
However, to be able to do this, we have to massively increase the generation capacity for solar energy and other renewables.

Solar Power Systems Gather Energy from a Renewable Resource

The sun is a limitless source of power for our civilization, but today’s technology has a lot to evolve to match the power capacity of the fossil fuels.
However, the change can start with us, the people, because if a very large number of people will install solar PV systems on their roof or at the office, the generation capacity for solar power will increase very much.

If we are producing our own energy at home using a solar power system, the utility company no longer needs to buy such a large amount of energy produced from fossil fuels because the demand on the grid will decrease.

Solar PV systems become more affordable in time, but today, the homeowners can use the incentives and the tax rebates provided by the local and the federal government to get the PV system at a much lower prices.

Solar Panel Maintenance

Increase the cost-effectiveness of your household or business solar system through regular maintenance. In that way, you can ensure the optimal functionality of your solar panels to generate the maximum amount of alternating current you need to power your appliances and systems at home.

Generally, solar panels require minimum maintenance. Clean your solar panels two to four times a year. Tilted solar panels wash away debris more quickly than non-tilted ones.

If you want to test the energy of your solar panels, you can use a monitoring app. A decline in energy production should prompt you to clean your solar panels.

But is cleaning and maintenance covered in solar panel warranties? This question is common among homeowners who install solar panels for the first time. Cleaning and maintenance aren’t covered in warranties, unlike damaged solar panels.

Conclusion

Take advantage of these incentives and tax rebates until they are in force, because without them, the initial investment in a solar PV system would be much higher.

Article written by:

I write about the renewable energy sector, electric cars and climate change issues. I love nature and good food, so I travel all over the world to see new places and meet new people. Magda Savin

1 Comment

  1. Ashley

    Great article. Many may find themselves working from home during this period of time, which can raise the electricity bills.
    Today, we have a great opportunity to go solar, but it might be intimidating even if the long term benefits make it worth the investment. Thanks for sharing!

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