Beginner’s Guide To Solar Power
Texas enjoys plenty of sunshine, and solar power is rapidly becoming the leading source of electricity both in the U.S. and worldwide. If you’re just starting to explore solar panels, the technology and installation process can feel overwhelming. That’s why we’ve created this beginner’s guide to help you understand the benefits of solar energy and why it might be a good investment for your home.
Solar 101
What Are Solar Panels?
A solar panel is made up of photovoltaic (PV) cells that capture sunlight and turn it into electricity.
The sun emits small energy particles called photons, which reach Earth and strike solar panels in varying amounts depending on their position and location. When sunlight hits a solar cell, it knocks electrons free from their atoms, creating electricity. This electricity flows through an inverter and into your home’s electricity meter or the city’s power grid.
When the sun isn’t shining and panels don’t have any solar energy to convert to electricity, the electric grid continues to power your home.
Benefits Of Solar Power
There are countless benefits to this clean, renewable energy source. Installing solar panels:
- Enhances local air quality: By utilizing renewable energy instead of traditional sources like coal, solar power helps reduce air pollution.
- Strengthens the electric grid: Incorporating solar energy contributes to a more resilient and sustainable power grid.
- Reduces electricity costs: Solar panels can lower your electricity bill and provide protection against rising energy prices – the sun’s rays are free afterall.
- Promotes energy independence: Generating your own electricity reduces reliance on fossil fuels, enhancing energy security.
- Increases home resale value: A 2024 study by SolarReviews found that homes with solar panels sold for an average of 6.8% more than those without.
- Requires minimal maintenance: Surprisingly low-maintenance, solar panels typically only need an occasional cleaning to operate efficiently.
Homes that install solar energy systems sell for 6.8% more on average than homes without them, according to a 2024 study conducted by the experts at SolarReview. This is an increase from the 4.1% figure found by Zillow in a 2019 study.
The Installation Process
Installing a solar power system begins with a site assessment to evaluate your roof and sun exposure. After designing the system and securing permits, the installation team mounts the panels, wiring, and inverter, typically taking 1-3 days. Once completed, your system is inspected and connected to the grid, allowing you to start generating clean energy.
Solar Panel Costs
Solar panel cost and installation can vary depending on the style of your roof, system size, location, and available incentives. On average, solar panel installation in the U.S. ranges from $15,000 to $30,000 for a typical residential system before any tax credits or rebates.
Federal tax credits can reduce the cost by up to 30%, and additional state or local incentives may lower the expense by even more. Costs are generally calculated per watt, with prices averaging between $2.50 to $4.00 per watt in 2024.
Summary
Deciding to install solar panels is a big, personal decision that can have lasting benefits for your home and the environment. It’s important to weigh factors like upfront costs, long-term savings, and how solar energy fits into your lifestyle.
Before committing, do your research and due diligence to ensure you choose a reputable installer with the right experience for your needs. A well-informed decision can help you maximize the value of your solar investment while enjoying clean, renewable energy for years to come.
Put Your Home's Value To Work
Rising electricity bills can be a burden on any budget. Take control of your energy costs by exploring if a low-rate home equity loan is right for financing your solar power system.