Every time you turn on a light in a room or plug in an appliance, you’re consuming electricity and driving up your electric bill. Heightened demands on an already overloaded electrical grid can increase costs and lead to a high electricity bill.

According to the U.S. Energy Information Administration, the average U.S. household uses 10,791 kilowatt-hours (kWh), equating to around 889 kWh per month. One kilowatt hour represents the amount of energy used to run a 1,000-watt appliance for 1 hour.

Investing in solar panels can help you solve your energy woes. To learn more about the advantages of solar power, including reducing your electricity bill, keep reading below to discover further information about harnessing this green energy with residential solar panels.

Lowers Electricity Bills

One of the major advantages of solar power is that solar panels generate electricity on-site. Each homeowner with residential solar panels creates and consumes their own power. This also allows homeowners to reduce their reliance on the grid.

Excess energy produced during sunny periods can be fed back into the grid through a program called Net Metering. Homeowners can potentially earn additional energy credits or compensation for selling back excess energy to their utility operator. These credits help offset any future energy they may need to use from the grid.

If your home already has solar panels installed or you have an agreement to have them installed in the next few months, you can qualify for our buyback plan. With Chariot Energy’s Solar Buyback plans, we will credit you for 100% of the excess kWhs your solar panels produce.

So, during the long hot Texas summers, homeowners can benefit from utilizing their excess solar power. This also helps in reducing your electricity bill.

Provides a Renewable Energy Source

You may be wondering “How does solar power work?” Well, traditional electrical energy results from using elements such as coal, natural gas, oil, and nuclear power. These energy sources not only harm the environment with their byproducts but they are also not as plentiful as they used to be, so once they are used up, there won’t be any more.

Another one of the main advantages of solar power is that it uses natural sunlight. The power from the sun is a virtually infinite and replenishable resource. As long as there is ample sunlight, it is possible to use solar power indefinitely, making it a sustainable and renewable green energy option.

Produces Environmentally-Friendly Energy

One of the key advantages of solar power beyond reducing your electricity bill is its green energy properties. This means it is a clean energy source that produces electricity without emitting greenhouse gases. Cutting down on greenhouse gas emissions reduces air pollution and helps combat climate change.

Investing in solar panels is a smart choice for eco-conscious individuals who want to find ways to reduce their carbon footprint. By installing residential solar panels, homeowners can contribute to a more sustainable and eco-friendly energy landscape. This is a smart choice for preserving the planet for future generations.

Allows for Power Grid Reliability

The 2021 Texas power grid failure is a prime example of how important it is to have a reliable power source. A winter storm caused a massive generation failure which resulted in the loss of power to over 4.5 million homes. The statewide blackout also resulted in deaths and property damage.

The advantages of solar power extend to grid reliability. Evenly distributed solar power systems reduce the strain on centralized power grids. This, in turn, enhances overall power source reliability.

Installing residential solar panels provides localized power. It reduces the risk of grid failures and improves energy resilience. Stored solar power can also be utilized in the event of power outages.

Enables Energy Independence

Because solar power allows homeowners to generate their own electricity, this can reduce dependence on traditional energy sources altogether. Homeowners are responsible for making their own energy and not large power plants.

By diversifying the energy mix, countries can enhance energy security and resilience. This contributes to energy independence at both individual and national levels. You may even be able to live off the grid entirely with solar energy.

As solar technology gets better, it gives us the ability to control and produce our own energy. It makes us less dependent on traditional energy sources. This is especially important when it comes to spikes in energy costs and dwindling energy resources.

Reduces Peak Demand

Solar power can help meet electricity demand during peak periods. For example, during the hot summers when more homeowners are using fans and AC units, this can increase electricity usage. Solar power reduces the need for additional power plants that are only operational during these high-demand times.

One of the main advantages of solar power is it is generated during the daytime when most of the energy-using activities take place like cooking, cleaning, and appliance running. This can take the strain off of an overused grid and lead to a more efficient use of existing infrastructure. It also leads to an overall reduction in electricity costs including reducing your electricity bill.

Lower Maintenance Costs

The solar panels utilized for solar power units are long-lasting. They are built to withstand weather conditions like snow, wind, and rain. When properly cared for, they can have a lifespan of 25 to 30 years or more.

Solar panels have few to no moving parts like engines and turbines. This means there’s less opportunity for wear and tear or mechanical failures. This results in lower maintenance costs compared to conventional power generation technologies.

It is important to regularly clean your solar panels of leaves and other debris. You should also perform occasional checks on the system’s components to ensure the most optimal performance.

Permits Energy Storage Integration

Pairing solar panels with energy storage solutions, like batteries, enables homeowners to store excess energy for later use. This lets you use solar panels to create a solar power charging station. You can tap into a store of electricity whenever you need it.

This integration addresses the intermittent nature of solar power. It ensures a continuous and reliable energy supply even during periods of low sunlight or grid outages.

You can even utilize solar power for a shed. Installing solar panels on your shed creates a self-contained power system. This lets you easily power all of your high-drain power tools without incurring a high electricity bill in the process.

Access to Technological Advancements

Ongoing advancements in solar technology can offer improvements in areas such as efficiency and a reduction in manufacturing costs. It can make solar power increasingly competitive with traditional energy sources.

For example, new solar panels can be made more flexible for placing on curved surfaces. Some models can even be made nearly transparent for better visual appeal. This allows for solar panel installation in more places.

Another one of the advantages of solar power technology is the invention of bifacial solar panels. These panels allow solar power generation from both sides. These continuous innovations ensure that solar power remains an attractive and evolving option for consumers looking to expand their energy options.

Offers Tax Credits and Other Incentives

You may be putting off investing in solar panels because you’re worried about how much solar panels cost. However, you may be able to get rebates to cover solar panel installation costs. You may also be able to cash in on tax credits for solar panels depending on where you live.

Even if you can no longer get a rebate or a tax credit for residential solar panels, Chariot Energy can still help you. Our Solar Buyback Plan will give you unlimited bill credits for the energy you don’t use. We’ll also offer affordable and reliable rooftop solar materials to help you improve your solar generation.

Increases Home Value

Homes equipped with solar panels often have higher resale values. They are appealing to environmentally conscious buyers looking for green energy.

The added value can result in a return on your initial investment. This is even more pertinent as solar technology continues its upward growth and becomes more mainstream.

Aids in Job Creation

The advantages of solar power even benefit the economy in terms of offering new job openings. This is good news for communities looking to stimulate their local economy with additional job creation and sources of income.

The solar industry supports job creation in various sectors including:

  • manufacturing
  • installation
  • maintenance
  • research and development
  • consulting

As the demand for solar energy increases, so does the need for skilled workers in these fields. With solar panel use expected to expand in the coming years, this will also contribute to economic growth with more than 10,000 solar industry-related jobs in Texas alone.

Frequently asked questions

Economic sustainability involves supporting long-term economic growth while also considering social, environmental, and cultural impacts on the community.

The three pillars of economic sustainability are social equity, environmental responsibility, and economic efficiency. This means balancing fair societies, a healthy environment, and effective resource use for a lasting economy.

The sustainability pillar emphasizes responsible actions to protect the environment, conserve resources, and promote long-term well-being while meeting our current needs without compromising the ability of future generations to meet their own needs.

Discover More Advantages of Solar Power with Chariot Energy Today

The advantages of solar power are numerous. From reducing your electricity bill to helping the planet and the economy, investing in solar panels is a smart decision. The benefits of solar power for business and residential needs can’t be beat.

Chariot Energy is your source for clean and green solar energy. We offer 100% renewable energy plans with our buyback plans. We also provide some of the most competitive energy rates in Texas.

Ready to step into the future of green energy? Head over to the Find My Plan section to find the best solar buyback plan for your needs today!

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