November 8, 2024

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Solar panels raise the value of homes but some experts think it is a fad

4 min read
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The United States Environment Protection Agency (USEPA), and those of Canada and certain European countries found greenhouse gas emissions coming from thermal sources and outdated industrial practices. Thermal energy does generate them but those gases are necessary and upgrade technologies keep getting better.

The amount generated is quite less though. More than 60 percent of electricity comes from thermal sources. Thermal energy has been the basic form of power generation which won’t go away anytime soon.

The shift to solar – is it bad? Or is it a fad?

Concentrated efforts are underway to help countries reduce excessive dependence on thermal energy generated in outdated power plants. Renewable energy is being promoted to help curtail energy deficits and provide proper voltage and energy usage.

Energy optimization can help prevent energy waste. It can optimize energy use as per household behavioral patterns. Turning off appliances, electronics, lights, and other electrical gadgets not in use.

Energy Star products are certified to save energy

The EPA started a certification program that applies to each appliance and electronic item. It also applies to building materials and lighting fixtures. Energy-star certified products use less energy than traditional ones.

Promoting the use of renewable energy sources

Renewable energy asks for more options each year. Newer technologies are being developed and new-age solar panels are becoming a cost-effective, efficient, and attractive option. The American-made ones are better than the Chinese-made ones. They come with a battery setup and other needed components which are easy to assemble and disassemble when needed.

The advantages of residential solar power – how good is it?

Residential solar energy setups make solar energy systems quite popular. They make it quite desirable as it helps raise the value of residential properties. Almost 30% of American suburban residents have it in their homes.

67% of non-solar homeowners are looking to make an investment but are not sure. 70% of them are worried that the upfront costs outweigh the benefits. Energy companies insist there is nothing to worry about it.

How much do mortgages add to the costs of solar energy setups?

Numerous financial and loan products base the line of credit on complete and appraised property value. The value of a home after installing a proper solar energy system with panels, battery, generator, and power array rises considerably.

A mortgage is heavy. Suppose on an income of $15,000 a month, a mortgage for a home worth $250,000 requires a monthly payment of $1,250. If a solar array costs $25,000 and has installments of $1,250 a month, it can be possible if a person has no other payments per month to make.

Benefits of solar panels other than electricity

Solar energy is a clean source of energy. Project advisory professionals have determined that this source emits no carbon. When people invest in solar panels and create their solar setup, this power setup lasts for two decades.

They do not have to pay a dime and solar panels require no maintenance. They also create good savings on electric bills. Local utility rates and power tariffs vary and can play a role in the solar setup because the electricity from those systems can be charged too.

Solar power reduces electricity bills

Homeowners using solar power can overcome the expense of installing solar panels and energy setups of solar energy help reduce monthly bills by a margin. The median monthly bill for homes for homes powered by thermal is $120 while for solar setups the bill is hardly $100.

Solar setups are a way to go green

Going green can prioritize the environment and sustainability in a lot of places. Almost 86 percent of homes with solar status surveyed that the environment is a key concern prompting residents to use solar panels.

CO2 is produced when panels are made. Solar panels do not generate them. However, those who have mortgages for homes prefer community solar plants. They help reduce reliance on fossil fuels. 

Solar energy is reliable and resilient

Solar energy can be stored. They do not usually rely on sunlight as the energy stored can run properly at night. This has led many to invest in solar energy. Theories suggest that a large part of American and Canadian power grids are past their life expectancy, these theories are somehow inaccurate.

The downside of using solar power

Dispute avoidance experts are not impressed with the results of solar energy setups. During the 2021 Texas Winterstorm, lack of thermal energy caused households to fall sick due to cold. Winter storms do not bring in sunlight, and solar energy requires sunlight in wholesome amounts.

In the state of Washington, particularly, in Seattle, the hours of sunshine are among the lowest in the nation. This is a cause for concern. Canada’s western city of Vancouver requires sunlight too and sunshine hours there resemble that of Seattle.

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