For most homes, solar panels for residents are rooftop solar panels – a solar array established on your roof that generates electricity from the sun and enables you to reduce your monthly spending on electricity. Solar panels operate by converting light energy to functional electricity, which we can further utilize to power our homes and appliances. Solar panels save money over time on electricity costs and provide low-carbon, sustainable electricity.
Installing solar panels in your home helps combat greenhouse gas emissions and lowers our collective reliance on fossil fuels. Traditional electricity is procured from fossil fuels, such as coal and natural gas. When fossil fuels are burned to produce electricity, harmful gases are emitted, which is the prominent cause of air pollution and global climate change.
Renewable energy also improves public health. Coal and natural gas plants produce air and water pollution that is harmful to human health. However, replacing fossil fuels with renewable energy sources such as solar power can ameliorate premature mortality and overall health care costs.
Although fossil fuel production demands significant water resources and causes water pollution, solar energy requires no water to operate. Not only does solar power not pollute water resources, but it also doesn’t put a strain on the world’s water supply.
Employing solar energy instead of traditional energy sources can result in financial savings. Over 20 years, you could save anywhere from $10,000 to $30,000, depending on your state, home size, and electricity usage. Federal and state tax benefits are available when you install solar panels in your home or business. Taxpayers have the potential to claim 30 percent of installation costs, with benefits that vary by state.
Solar panels also extend the life of a roof because they protect it from the elements, such as rain, snow, and debris. They make the house more energy-efficient in the summer because the hot sun is not reflecting down on the roof directly—it is instead being absorbed by the panels, keeping the house temperature lower.
Among all the benefits of solar panels, the biggest advantage for homeowners is that solar energy is a renewable energy source that can be harnessed in all areas of the world and is available every day. We can't run out of solar energy, unlike other energy sources.