In the search for renewable energy alternatives, solar panels have proven to be one of the most commonly attainable sources worth investing in. Solar panel kits use sunlight to generate volts of energy to power your home. The power they are able to create is determined by a number of elements including the number of panels, amount of sunlight and angle of orientation.
With over 1 million homes in the U.S. already powered by solar, these solar options are quickly replacing standard electricity. One of the greatest appeals of going solar, is the potential for long-term cost savings. Solar panel kits have the potential to cut your electricity bill in half, or even eliminate it. The Solar Energy Industries Association predicts that by 2021 over 100GW of solar will be installed in the U.S.
The high installation costs that warded people off have now become more reasonable, dropping more than 80% since 2008. In addition, new innovative technologies, such as solar roof tiles, are changing the way Solar panel kits look altogether. Homeowners that once ruled out the possibility of installing these power alternatives are now considering them as a viable option.
At this year's annual Robin Hood conference, which was held virtually, the founder of the world's largest hedge fund, Ray Dalio, talked about asset bubbles and how investors could detect as well as deal with bubbles in the marketplace. Q1 2021 hedge fund letters, conferences and more Dalio believes that by studying past market cycles Read More
There are two main types of systems that can be installed in homes. Stand-alone systems have battery storage to power the home at night. On the other hand, grid-tie systems are connected to a utility grid which supports them when the sun's not shining.
An important element to consider when deciding if solar panels are a good fit for your home is the amount of sunlight your home gets. Different zones in the United States receive more sunlight than others. The more sunlight you get, the more energy you’ll be able to generate. The more you generate, the more you can save.
Advancements in technology have given solar panel owners more advantageous savings. Solar panel kits that could previously only convert 15-18% of sunlight can now obtain closer to 22%. Solar companies are currently investing in designing more innovative products that are focused on saving more energy.
Today’s infographic by Renoviso takes a deeper look at how solar roofs work. How is solar energy converted into power? How is that power stored? What are the benefits that newer technology offers? This animated guide breaks down the process: from single solar cell to a fully-functional home energy system.
Solar panel kits infographic can be found below