How profitable and effective are Housing Solar Panels

In just the past two decades, the use of solar panels for residential use for residential properties has grown exponentially. Both private residences and commercial settings are trusting on the traditional grid less and less and turning towards clean, renewable energy. However, many people still question how effective residential solar panels are. They don’t fully know just how affordable they are in the long run. While switching to solar is definitely beneficial for the environment, it can also be beneficial to you. Here’s how.

RESIDENTIAL SOLAR IS AN AFFORDABLE INVESTMENT

The cost of installing residential solar panels has gotten more and more affordable in recent years. The product has gone from a niche commodity to a common home upgrade. Many view solar panel installations as an investment in a home that can pay back dividends. Whether you plan on living in the same home for the next 25 years or plan on selling, investing in solar is a smart decision. As a home upgrade, solar panels make your home more valuable and often makes the selling process go by much more quickly as buyers are hungry to have a property with solar energy built in.

ENERGY EFFICIENT

Solar panels, especially in sunny states like Nevada and Arizona, often capture and hold more than enough energy to power 100% of a household’s power needs. Many solar panels are connected to the power grid, which makes them eligible to net-metering. When a household with solar panels produces more energy than it needs, they essentially sell their excess energy back to the power company. This means that you can fundamentally remove your power bill by switching to solar and even earn credits towards any future energy bills you may have. So, during darker seasons with less sunlight, such as in winter, many homes with solar panels will still not have a traditional power bill to deal. Net-metered households can use those credits earned over summer with net metering to pay for any extra energy you may need during the time of the year that solar panels cannot provide 100% of a household’s power.

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What do housing solar panel systems usually cost?

The answer to this query depends on state and system size. However, there is data that can help you estimate what solar panels cost in 2019 in the KSA. The easiest way to calculate cost of solar electricity across different system sizes is in dollars per watt (SAR/W), which indicates how many dollars solar will cost per watt of existing electricity manufacture. In 2019, homeowners are paying an average of 11.19 SAR/W. To put that number in viewpoint, in 2008 the regular cost of solar was just over 30 SAR/W.

What ratio of your home can you energy with solar power electricity?

Preferably, the answer to this question would be 100 %. However, although a solar panel system can hypothetically offset all of your power use, it’s not accurate to expect that level of panel manufacture every day of the week. Leading Saudi Arabian solar manufacturer Deem Solar recommends that homeowners factor in a 25 percent cushion when calculating their target for solar panel offset. The main reason for this: solar panels can’t function at extreme productivity all the time. There will be certain days when network connection is essential to completely cover your electric power usage. Though, the beauty of net-metering is that you can advantage from surplus production days and never pay anything to your utility while still relying on the network for backup storage.

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