5 Goals You Can Achieve by Going Solar
Are you considering installing solar panels? There are many great reasons to do it. However, the best reason for one person may not be the same reason for you. Every MOXIE solar power system is unique. Each is custom-designed by our in-house solar engineers to achieve your goal(s), based on your location.
If you identify your goals, you can get the most out of your system while also ensuring you don’t over-invest.
Think of it like the classic story of Goldilocks and the Three Bears. A system that’s too weak, even slightly, won’t reach your energy production goals. One that is too strong could unnecessarily hinder the ability to recoup your investment (most systems reach a break-even point in about 8 years). You want the system that’s “just right” for your goals.
So, why install solar panels? Here are five impressive goals you can achieve by installing solar panels for your home, farm, or business.
1. Offset Personal Electricity Consumption
By installing solar panels to offset your total electricity consumption you become less impacted by future rate changes. Eventually, you own your energy instead of renting it. You may be able to pay for the initial system investment with the avoided utility bills payments. To achieve this, it’s important that you install enough panels to match your electrical usage without oversizing the system.
2. Manage Future Electrical Costs
Are you focused on locking in future energy expenses? Residential electricity rates have increased a whopping 15 percent over the last 10 years! Offsetting even a portion of consumption protects you from inevitable energy rate increases. For example, this is valuable for farms and businesses because it makes financial planning simple and accurate.
In this scenario, it’s all about figuring out what upfront cost you can comfortably incur.
3. Create New Revenue Stream
Installing solar panels can result in a nice little revenue source if you plan your system size right and take advantage of solar incentives. Solar Renewable Energy Credits (SRECs) are one way to earn money from solar panels. With a large enough system, you can essentially become your own energy company! Sell the excess solar energy to the utility companies.
4. Protect the Environment
We all know that installing solar panels results in the production of clean and renewable energy. It’s good for ourselves and for our planet. For some, eliminating their consumption of dirty fossil fuel-generated energy is reason enough. For others, it’s just icing on the cake. Either way, when you install solar you’re directly impacting the health of our beautiful planet in a positive way.
5. Ensure a Backup Power Source
We depend on electricity. Without power, connections are lost, food goes bad, and lights go out.
Install energy storage for your panels to avoid power outages. Backup solar batteries keep the lights on. And they maximize renewable energy usage on cloudy days.
To learn more, see our recent article on how to protect yourself from power outages with solar battery backup.
Install the Solar Panel System that’s “Just Right” for You
As you can see, there are many different answers to the question of “Why install solar panels?”
Whether it’s saving money or saving the planet, think about what you hope to accomplish with solar. Then, find an experienced solar installer who’s able to engineer an efficient system to reach your goals.