10 Things to Know About Solar Power in 2020

Jessica PirroDecember 31, 2019 2038 1

In 2019, residential solar panel installations had their best year in the United States, installing over 712 megawatts of new residential solar power systems in Q3 of 2019. Solar panels convert sunlight to electricity, giving homeowners the opportunity for energy independence and a chance to reduce their electrical bills. Homeowners can use solar electricity being generated by their solar power system to power their homes and businesses.

Ten Things you Need to Know About Solar Power in 2020

Solar Power Savings

Solar power systems are a great way for you to save money, no matter the homeowner's budget. If you can afford to pay your electricity bill each month, you will be able to afford a solar panel installation. Homeowners can pay $0-down with financing for solar options. Homeowners will have the option to choose from a solar loan, solar lease and a power purchase agreement as financing for solar power options.

A Good Investment

Solar panel installation is considered to be a great investment. Investing in a solar power system can even deliver better returns than stocks and bonds - and today is the perfect time to invest! While the technology of solar panels is improving incrementally each year, financial solar incentives and rebates will decrease as solar panels become more popular.

Solar Panels Have Been Around For Quite a While

Solar power systems have been around for a long time. Today solar panels are a well-known technology that was first invented in 1954 by scientists at Bell Labs. Today, there have been over a million residential solar panel installations completed in the United States.

Solar Panels are Durable

Solar panels are made from tempered glass and can withstand hail, snow, rain, and high winds. They can even extend the life of your roof by protecting it from daily wear and tear.

Solar Panels Last a Long Time

The majority of companies that manufacture solar panels are going to offer a 25-year power production warranty, which guarantees that their solar panels will continue to generate solar electricity at a certain capacity for the warranty of the duration of a solar panel.

Solar Panel Installations are (Basically) Maintenance-Free

As mentioned above, solar panels are extremely durable. Except in extreme circumstances, solar panels are practically maintenance-free. Solar panels don’t need to be washed or cleaned.

A Solar Panel Installation Can be Done Almost Anywhere in the United States

Most locations in the United States will get enough sunlight to produce a sufficient amount of solar electricity from solar panels. The most important factors for you to consider when evaluating the different options that you have for solar panels are going to be the rates that you pay electricity and the rebates for solar and solar incentives available to you.

Solar Power Systems Ties to the Grid

When you install a solar power system on your property, you can remain connected to the electricity grid. The times when your solar panel installation is producing excess solar electricity than you need, you can send the excess solar electricity back to the electrical grid to receive credit. When your solar power system is producing less solar electricity than you need, you can use those credits to draw electricity from the grid.

Solar Panels Can Eliminate Your Electricity Bills

With the right planning, your solar panels can generate enough solar electricity to meet your needs over 12 months. As long as there is enough space on your rooftop for the right size of solar panel installation, the solar electricity that your solar panels will produce will effectively eliminate most of your electricity.

There are Solar Panel Installations for Every Project

You can install solar panels on the rooftop of your home or commercial property, or the ground or a solar canopy. Solar panels can be installed practically anywhere that receives direct sunlight for most of the day and is not shaded by trees or buildings. Solar panels that are facing south will produce the most solar electricity, but your solar panels can also face east or west.

Residential Solar Panel Installations

Homeowners almost anywhere in the United States can benefit from installing a solar power system on their property. Most residential solar panel installations will typically be a rooftop or ground-mounted solar power system and can supply solar electricity to their entire property.

Commercial and Industrial Solar Panel Installations

Factory rooftops can be a good place for solar panel installation and are categorized as commercial and industrial solar panel installations. Commercial solar power systems supply energy to small businesses, factories, and more. These solar power systems can be a powerful source of savings for companies and corporations.

Utility-Scale Solar Panel Installations 

Electrical utilities have traditionally generated electricity for the grid using fossil fuels like coal, but they can also provide electrical power to their grid customers with a solar panel installation. Utility-scale solar power plants can be massive and when combined with storage, can effectively support the power grid.

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