Solar energy isn’t what it used to be.
Now more than ever, solar has been subject to exponential changes, especially in the state of California. This is due to technological advancements, in addition to the increased demand for solar over recent years. Other states like California, are switching to clean, renewable & sustainable energy. For example, the state of California recently pledged to have 60 percent of its electricity powered by clean energy by the year 2030! Likewise, the city of Chicago, switched to all LEED and Energy Star appliances in their office buildings, making it the greenest city to work in. It’s safe to say that what we once knew about solar is nothing compared to what we know now. Check out the top 5 things most homeowners didn’t know about solar energy below!
The demand for solar in 2018 was at a record high, across the globe! How high? High enough that the demand increased in the U.S. more than 23% over the past 8 years. That’s 1.2 gigawatts of power, which is enough to power approximately 5.4 million homes! Additionally, did you know solar is the most abundant resource on earth? Approximately 173,000 terawatts (TW) of energy impacts planet Earth on a daily basis. To put that into perspective, that’s more than 10,000 times the world’s total energy usage. It’s no wonder the U.S. is the third-largest solar market in the world. And most of this advancement is due to the multiple developments in solar panel technology. With solar energy, homeowners produce their own energy offsetting electricity costs from PG&E.
Did you know the space industry was the first to adopt solar technology? The industry first started using solar technology in outer space for satellites and later moved to spacecrafts. The first spacecraft to utilize solar was the Vanguard 1, which has orbited the earth, more than 6 billion miles around the globe! The Vanguard 1 is still in orbit to this day, utilizing solar energy each step of the way.
As the price for electricity continues to increase, the demand for solar will also increase. Solar energy is continuing to become a savvy economic decision as it produces a better return on investment (ROI) than the stock market. Nonetheless, going solar is an investment for any homeowner. However, knowing this, some people still feel they cannot afford to go solar. The good news is, if you can afford your electricity bill each month, you can afford to go solar! It’s that simple.
Solar panels can actually improve the air quality. Over a lifespan of about 25-30 years, a solar panel system can reduce the amount of air pollution by 10 tons. To put that into perspective, a male elephant weighs about 7 tons, which is almost congruent to a solar systems environmental impact. Likewise, solar panels have become quite aesthetically pleasing, as well as incredibly low maintenance.
The benefits of solar and solar power in homes are endless. Not only will you increase the property value of your home but you will decrease your electricity bills. Homeowners who choose to add solar to their properties can increase their property value within a range of $15,000 to $30,000, depending on the size of the solar system. Going solar in your home can also have enormous environmental benefits. Creating your own renewable, sustainable energy is the wave of the future. The 30% Federal Tax Credit is another benefit of solar power. If you go solar before 2019, you can qualify for the tax credit on anything that’s needed to help you go solar. Last but certainly not least, another benefit of solar is net energy metering (NEM), which allows you to offset the costs of PG&E while using the energy you’ve produced from your panels.