Solar energy offers numerous benefits for homeowners in Indiana. First and foremost, solar power reduces electricity costs. By installing solar panels, homeowners can generate their own electricity, which means they are less reliant on the grid and can significantly reduce or even eliminate their monthly electric bills. Additionally, the excess energy produced by solar panels can be fed back into the grid, allowing homeowners to earn credits or receive payments through net metering programs. This not only helps offset the initial investment but also provides long-term financial savings.
Moreover, solar energy is a clean and renewable source of power. Unlike traditional sources such as coal or natural gas, solar power does not produce harmful greenhouse gas emissions, contributing to efforts in mitigating climate change. By choosing solar energy, homeowners can reduce their carbon footprint and make a positive impact on the environment. Additionally, solar panels require minimal maintenance and have a long lifespan, ensuring a reliable and sustainable source of energy for years to come.
A peak sun hour is an hour in the day when the intensity of the sunlight reaches an average of 1000 watts/meter².
State Homes Powered by Solar
Growth Projection: 6,746 MW over the next 5 years
At the most basic level, solar panels are devices that take in the sun’s rays and convert them into electricity or heat. Once the sun hits the panels, the energy is made into electricity. A solar inverter helps turn the electricity into power that can be used. The more panels you have on a roof, the more solar electricity you can produce! Solar panels generate their own power and as a result can offset your monthly electricity bill, if not eliminate it in 97035.
There are 59 solar policies and incentives in the state of Indiana. These incentives and tax credits help reduce the cost of solar panels in order to promote this source of renewable energy.
The National Renewable Energy Laboratory states that every dollar that is saved on energy through solar increases home value by $20 in Indiana. More research shows that solar panels can add an average of $18,324 to the value of a medium-sized home.