Solar energy for residences is gaining significant attention, and for good reason. The amount of solar power connected to the electric grid has grown exponentially in recent years.
This clean energy source not only makes the electric grid more reliable but also helps solar homeowners save money and enhance the value of their homes. With so much interest and information available, we want to highlight some of the key benefits of residential solar energy:
Increasingly Affordable Solar Panels
Residential solar has become more affordable than ever, especially with government subsidies being provided to allow more homeowners to invest in their homes. Solar panels themselves have also become more affordable and come with higher return on their investment.
Significant Cost Savings
Solar energy offers substantial potential for saving money on monthly utility bills. With utility bills trending upward, solar is likely to remain a cost-saving option for years to come. The amount saved depends on your electricity consumption, the size of your solar energy system, and how much power it generates. Homeowners can also opt to sell their over produced energy back to the grid for increased savings on their monthly bill.
Power During Outages
Generating your own solar power provides the freedom to keep the lights on during power disruptions. Residential solar energy systems paired with battery storage—generally called solar-plus-storage systems—provide power regardless of weather or time of day without relying on backup power from the grid. As battery technology improves and financial incentives for energy storage are implemented, investing in battery storage becomes a viable option for more households.
Increased Home Value
Investing in a solar energy system can increase your home’s value. Similar to a renovated kitchen or a finished basement, homebuyers across the country are willing to pay a premium for homes with an average-sized solar array.
Solar Works in Various Climates
Solar panels only require one thing to generate electricity—sunshine! Even in winter, when daylight hours are shorter, there is still enough sunlight to power the average Canadian home. This makes solar energy viable even in places with longer, colder winters, like Alberta! Solar systems are also a lot more durable than people would think! Able to withstand strong hail and stay put during windstorms (less then a tornado ripping it off your roof!)
By considering these benefits, homeowners can make informed decisions about investing in solar energy, contributing to a more sustainable future while enjoying financial and practical advantages.
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