How to Incorporate Solar Panels into Your Property Design

How to Incorporate Solar Panels into Your Property Design

In today’s world of growing economic and environmental consciousness, many individuals and businesses are making the switch to solar power. Energy costs are continuing rise, as is global population. These factors add to energy consumption and raise important questions about finding and implementing sources of renewable energy, such as solar energy. The use of solar power offers several benefits for both the short term and the long term.  Using solar panels will allow you to reduce your environmental footprint, reduce energy costs, and can put you on the road to becoming energy independent.

You may be thinking that the process for implementing solar panels into your property design will prove to be too complicated or costly. But implementing solar panels into your property design is actually easy and efficient, and can work for people with varying budgets and resources.

 

Solar Panel Property Implementation for Businesses

If you have or are part of a business, implementing the use of solar panels can prove to a smart business decision. For example, the implementation of solar panels provides good ROI for commercial business. The money that you invest for the purchase and use of quality solar panels will make you money through savings. By becoming a solar panel company, you may feasibly see a return on investment of 15 percent or higher. Although initial set up and installation of solar panels might seem costly at first, they can significantly reduce energy bills and save your business more money in the long run. After the panels are in place, additional costs from maintenance are minimal.

 

Government Incentives

In addition to return on investment from energy bill savings, many governments actually offer different rebates and tax credits for a solar panel company, that is, businesses that choose to implement solar panels. For example, in the U.S., you can get 30 percent of the costs back that you spent on the total system. If you spend 30,000 dollars on a system, you would get 9,000 dollars back. This is a federal income tax credit you can receive when you file your taxes.

In addition to incentives offered by the federal government, many state and local governments also offer rebates.  When implementing solar panels into your business, you may want to consider cutting costs through Solar Renewable Energy Credits (also known as SRECs). SRECs, which are accumulated throughout the year, can be sold to utility companies, creating more return on investment.

 

Solar Panel Domestic Implementation

Many individuals have decided to use solar panels in their private homes as well. If you live in an area that receives a lot of sunlight, investing in a couple hundred square feet of solar paneling and adding them on your home can be a great opportunity.

Because residential solar panel systems generate less energy than solar panel systems for business, domestic systems function more like a feature to help cut energy costs rather than an agent that cuts out traditional electricity altogether. Domestic solar panel systems are most successful in the summer months. Many people with solar paneling have to purchase some electricity during the winter to offset lack of daylight hours.

 

Understanding Parts of a Solar Panel System

To get a better understanding of solar energy, it’s important to look at all the individual components of a solar panel system. When most people think of solar panel systems, they think of only the panels themselves. However, there is much more to a solar panel system than panels.

There are four basic elements that compose a solar panel energy system: the panels, the batteries, the controller, and the inverter. The solar panels capture energy from the sun and change it into electricity. The batteries then store that energy for later use. The controller controls the flow of electricity, therefore guarding the batteries. Finally, the inverter takes the energy in the batteries and changes it into the type of energy that can be used for a variety of electrical devices.

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