Homeowners who install solar power systems can receive numerous benefits: lower electric bills, lower carbon footprints, and potentially higher home values. But these benefits typically come with significant installation and maintenance costs and the magnitude of the gains can very widely from one house to another.
In principle, working out whether it makes financial sense to install solar power for your home is simple. You will need to calculate:
1.The cost of a solar power system
2.How much energy it will produce
3.What you would otherwise pay for the same amount of energy
4.How many years it will take for your upfront investment to pay for itself in saved energy costs
5.Whether the system will pay for itself in five years
If it does and you have the upfront capital, it's probably a great idea. If you'll have to wait longer for savings or take out a loan to afford the system, you'll need to think the decision through carefully.
Meanwhile, one of the most frequently asked questions by homeowners in regard to solar power is, “can it really power my entire house?” The answer to that is actually quite simple – yes, solar can indeed power your entire home. But explaining exactly how solar energy can power the entirety of your home is a little more complicated.
So, can a home solar system really power your entire house? As we’ve stated, yes! But, it does depend on a few variables that you’ll want to take into consideration when deciding to go solar. Mostly, these variables are used to determine the power output levels and the number of solar panels that your home requires to meet your energy goals. In this case, we’ll explore the goal of running your whole house entirely on solar power.
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