How Do Residential Solar Panels Work?
Residential solar panel systems are becoming more popular in Ontario because they are cost effective and environmentally friendly sources of renewable energy. Not to mention, rooftop solar panel systems provide an attractive ROI proposition, especially considering how after installation they will work to cover your retrofit costs easily in less than 10 years. Ensuring a lifetime of savings for decades to come!
The basic principles for understanding how a residential solar panel system works are straightforward and easy to understand. Standard solar panels – or photovoltaics (PV) as they are technically called – generate an electric current by capturing particles of light, called photons, emitted from the sun. These photons then interrupt the electrons in the photovoltaic cells to generate an electric current that is transferred to wires leading to an inverter. After which point, the current is turned into alternating current (AC) power and distributed throughout your home by said inverter.
By switching to solar energy for your home, you’re not only making your house more valuable on the market, but also saving money on electricity bills, boosting the value of your property, and reducing your carbon emissions; aiding Canada in its fight against climate change. However, there are many solar power pros and cons that need to be taken into consideration before deciding on whether or not to install a residential solar panel system on your home. As such, this article works to shed some light on the major benefits and drawbacks to investing in residential solar panels for Ontario homeowners.
What are the Benefits of Installing Residential Solar Panels?
The benefits of solar energy are plentiful. It reduces your electric bill, raises the value of your home, reduces your carbon footprint – fighting annually rising electricity costs, and provides opportunities for earning some money back on your investment.
One of the most significant pros to investing in a residential solar panel system for homeowners in Ontario, is that it could save you a ton of money on monthly energy bills, in that you are not required to source any electricity from your utility company. In fact, almost 100% of your home’s energy consumption needs should be offset with the installation of a residential solar panel system.
Moreover, solar energy is an environmentally friendly, renewable energy source that has many more added benefits including reduction in air pollution, increased local employment opportunities, and lower CO2 emissions for you and the whole family.
This resource provides a comprehensive list of the many benefits of solar power for you to keep in mind.
Reduced/Eliminate Electricity Bills:
When you choose to invest in a residential rooftop solar panel system in Ontario, you gain the ability to generate your own electricity and become less reliant on your utility company. Which in turn, lowers your electricity rate to a fixed/lower than market rate from the point of installation onward. A standard solar panel system typically has a 25 – 35 year lifespan, meaning that you can cut down your…