How Will Solar Panels Help You Save Money?
Earth receives over 173,000 terawatts continuously as the sunrays strike the earth. Solar photovoltaic (PV) cells and concentrated solar power (CSP) are the two ways to produce solar energy. In PV the sun’s rays are captured and the solar energy directly converted into electricity. The energy is transferred to a receiver and then utilized as mechanical energy to produce electricity in the CSP.
Due to global warming and depleting of Ozone layer and exhausting non-renewable resources solar energy is being adopted and is rapidly gaining its importance in the current market. The cost of producing energy from renewable resources is becoming more affordable due to advancement in science and technology and the increasing demand.
Solar Energy is one of the best sources of clean, renewable energy, you can save money on your electricity bills by installing solar panels and also generate some income through it if you produce some excess electricity or more than the amount you use in your home. This can be sold back to your utilities company. As home and business owners across the India will install solar panels, India will move towards a cleaner economy powered by the sun and would move away from fossil fuel consumption. We all would love to see our electricity bill shrink. These solar panels work for decades upon installation. If you think in terms of ROI you will be impressed by benefits of solar energy. The cost of materials for solar panels is reaching its lowest and is becoming more affordable for homeowners. The installing costs have gone down as well due to the growth and demand in residential solar market. Their maintenance costs are low too as they almost never breakdown or have no moving parts.
Solar energy isn’t just a source of energy but also job creation powerhouse
. Investing money in solar power creates many more jobs than the same amount invested in Natural gas or coal. The best part is sunlight or fuel for solar energy can be used for free.