Are Solar Panels Really Cost-Effective?

February 3, 2022

Are Solar Panels Really Cost-Effective?

If you are worried about the soaring cost of electricity, you may have thought about installing solar panels for your home.

In this blog, we will look at all the benefits of installing solar panels for your house.

How Do They Work?

A solar panel is made up of photovoltaic cells, which are placed between semiconducting layers; usually, silicon wafers are used for this purpose. When light hits it, the electrons get knocked out and flow in a particular direction; this is how we get electricity.

They are often installed on your rooftop, but sometimes they can be installed on the wall. After your solar panel system is installed, an inverter will also be installed to convert the DC (Direct Current) into AC (Alternating Current) to be used by your homes’ appliances.

How Much Is It To Have A Solar Panel System Installed?

The costs depend upon the size of your roof and the type of system you want to install on your rooftop. Installing solar panels on your rooftop might cost you a lot initially, but the return on your investment will save you hundreds of dollars on your annual bills, depending on the area you live in.

400 to 500 watt panels are currently available and are the most common. The average solar project size for private homeowners would likely be around 7-12kW and 10-25kw for acreages, farms and small businesses. Although you may still require additional energy from the national grid, you would still save a lot on your annual bills.

You Can Earn Money From Solar Energy

In 2009, the Feed-In-Tariff program was launched in Canada to encourage the use of renewable energy. The owners of sustainable energy solutions were enrolled in this program.

This allowed owners to sell their harvested energy back to the national grid.

The monthly income you can generate from solar energy will depend on the size of your rooftop and the number of solar panels which are installed. Usually, the ROI is outstanding.

Not only can you save on the cost of your annual bills, but also sell the excessive energy harvested by your solar panels, making them a really good option for investment which is also good for the environment.

How Can You Make The Most Out Of Your Solar Panels?

The many benefits of solar energy may tempt you towards getting a solar panel system installed at your house. If you so choose to have a system installed, take some extra measures to ensure the greater efficiency of your solar panels.

  • Use more electricity during the day. The tasks which require excessive electricity utilization should be carried out during the day.
  • You should beware of energy wastage.
  • Ensure that your solar panels are kept clear of debris and tree branches for optimal efficiency.

About Sundwag

Sundawg Solar is a group of 3 Electronic Technologists that are passionate about Solar energy generation.

We take care of all aspects of planning, simulating, utility applications, design, building and development permits, as well as all electrical work, the installation of ground and roof mounts, the installation of electronics, cabling, panels and monitoring software, coordinating SaskPower inspections, net meter installation and commissioning the systems.

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