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How Solar Panels Secure our Financial Future
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Posted On :
Sep-05-2016
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Article Word Count :
471
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The demand of solar energy has been escalating as people and organizations are getting to realize how renewable energy helps secure our planet.
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The demand of solar energy has been escalating as people and organizations are getting to realize how renewable energy helps secure our planet. The technology behind the development of solar panels has been evolving with an aim to let more customers harness the power of solar energy. Apart from bringing your utility bills on a diet, there are several ways in which you are benefitted monetarily out of solar panel usage. Let’s take a look at the 10 ways in which the usage of solar panels saves money.
1. The US federal government offers various incentives to encourage people in making the transition to solar energy. These incentives help offset the cost of installation incurred. In the end, it lowers the cost of solar energy consumption by many folds.
2. As solar energy has the ability to generate power that meets a portion of your home’s demands, it reduces your dependency on traditional sources of power. There are solar panels solely made to power lights or other small appliances, which helps you lower utility bills and reduce the consumption of conventional electricity.
3. While using solar panels as an alternate source of power, you might be able to negotiate with your utility company for a reduced rate on electricity. As your home is made more energy efficient, you shall be qualified for reduced rates.
4. With Power Purchase Agreements, homeowners can lease the equipment from a manufacturing company for electricity usage. The company would also sell surplus electricity to the customer at a price that’s lower than that of the utility provider. This helps a resident to avoid the expenses involved in the installation of their own equipment.
5. Heating bills can be reduced substantially with the use of solar power. With solar water heating systems, you can save more on heating costs as compared to the usage of conventional electricity.
6. One major advantage of using solar power is that it enhances the resale value of your home. It is estimated that when a property is made energy efficient by the installation of solar power, its value increases by as much as 20%.
7. Solar panels also pose great advantage even during winter season. By connecting your water heater with the panel, you can be certain of taking a hot shower even during a winter power outage.
8. Yet another good news is the Net Metering policy that benefits every solar panel user. Electric meters measure both the production and consumption of electricity, after which the difference is calculated. Any excess electricity generated will be sent back to the grid, for which you will be rewarded with banking credit.
These 8 benefits are enough evidence for how consumption of solar energy is beneficial for users every step of the way.
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Article Source :
http://www.articleseen.com/Article_How Solar Panels Secure our Financial Future_320182.aspx
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Author Resource :
The author who works in a certified solar energy company in Houston, shares great insight on the financial benefits of using solar panels. He has more than 5 years of experience in the installation & maintenance of solar panels for customers. Visit http://energyonesolar.com
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Keywords :
solar energy, solar energy company in Houston,
Category :
Business
:
Business
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