There are many homeowners today looking for an alternative means of getting electricity. This is true for homes that are trying to get rid of expensive electrical bills, to homes that are planning to have an alternative source of energy in case power outage is normal in your area.
Over the years, the popularity of the solar panels grew. One of the reasons is that it can help homes save a lot of money. In the long run, your investment on solar panels and battery can give you a good amount of discount in the long run depending on the system that you’ve installed.
According to experts, 3,000 kilowatt solar power system can create around 450 kilowatts of power in a month which can give around $50 worth of savings for a $100 electric bill. In addition to this, it also helps the environment. Nowadays, a lot of people are doing their part in order to help save Mother Earth. By investing on solar panels, it can help contribute towards the environment since solar power leaves minimal carbon footprints.
But a lot of people are asking if it is really cheap. Is it really a cheaper option? Here are some things that you might want to consider.
It gets cheaper over time
If you will look at the price of solar panels years ago, you might argue that it isn’t really cheap. Over the years, solar power has become cheaper. In fact, according to studies, by 2040, it is expected that 15% of the world’s electricity will be relying on solar energy by then. And one of the reason is that it has become cheaper.
If the trends continue, by 2040, solar energy will only cost around $0.04 per kilowatt hour. That means that it is cheaper than natural gas in some parts of the world. One of the reasons is the improvements in technology. These days, companies have been able to lessen the cost of producing top-of-the-line solar panels in the market.
10 years ago, you can still say that solar panels are not practical especially for a home. Nowadays, there are even more and more DIY options that you can choose from.
There are incentives given
Depending on where you live, there are incentives given to homes that opt to install solar panels. The reason behind this is to encourage people to make use of cleaner sources of energy. A lot of offices today are also looking into green options because of possible incentives.
Can be used even on small devices
There are many reasons to choose cleaner energy over the conventional option which came from fossil fuel. Solar power is a great option that can be utilized not only by homeowners but even on our individual gadgets. These days, you can see a lot of solar powered chargers for small electronic gadgets such as mobile phones and even tablets.
And if there’s power outage, you can rely on solar power in order to get ensure that you have electricity in your home. This is even a cheaper option than using gas powered generators.