What are the benefits of installing solar home panels?

For most homes, solar panels are installed on your roof, generating electricity from the sun and helping you reduce your monthly spending on electricity. Solar panels work by converting light energy to usable electricity (this is known as the photovoltaic, or PV effect, and happens at individual solar cells in your panels).

Are solar home panels worth the investment?

In general, yes, solar panels are worth it. Solar panels are usually most worth it if: You own your property: renters or business owners who do not own their property should speak to the property owner prior to making any plans to install a solar system.

What kind of financial incentives are available for purchasing solar home panels?

If you buy a solar panel system, you may be eligible for tax credits or other financial incentives that offset the initial cost. If you lease or have a power purchase agreement (PPA), you can pay less up front and may have lower monthly payments, but you usually won’t get tax credits or other incentives — the company that owns the system will.

What is the best solar panel system for a home?

Monocrystalline solar panels are the most efficient models currently available for residential installations. The size of the panel will determine its maximum potential electrical output. Once the energy is produced, it must be converted and used or stored for future use.