First-of-its-kind study reveals stunning financial benefits of rooftop solar: ‘Think about the future cost’

Many people obtaining financial benefit solar energy on the roof. As global temperatures rise, rooftop solar users should benefit even more from these renewable energy sources.

Solar systems According to the company, it will significantly reduce homeowners’ energy bills and last about 25 years. University of Michigan News. However, those who continue to use rooftop solar in the future will see its value increase.

The UM research team looked at savings on household energy bills plus the revenue generated by selling additional electricity to the grid, minus installation costs.

Comparing these figures, the study found that solar panel on the roof will increase in future value to 19%. One of the key reasons is the expected increase in demand for residential air conditioning due to rising global temperatures.

“It’s important for households to think about future value when building solar,” said Michael Craig, senior author of the study and an assistant professor of energy systems in UM’s School of Environment and Sustainability and industrial and operations engineering in the College of Engineering. “If households do so, our results suggest they will see even greater benefits from solar energy and may decide to build more.”

In addition to financial gain, home and communities with household solar panels can be less dependent on the grid, making them more resilient during extreme weather events that have become more severe and frequent as global temperatures rise.

According to popularity solar has increased, which means there are options for suppliers and equipment. Those just getting started with solar energy, as well as those looking for their next solar system, can find quick answers and helpful tips from EnergySage.

Internet market free tools allow you to quickly get a solar installation estimate and compare quotes after answering a few quick questions.

Simply answer the short questions on the website and explore EnergySage’s free tools to quickly estimate solar panel installation costs and compare quotes. Once your system is installed, you can save money on utilities and be better prepared for the future.

If you were to install solar panels at home, which of these factors would be your main motivation?

Energy independence

Reduced electricity bills

Help the planet

No chance of me ever switching to solar energy

Click on your choice to see the results and give your opinion.

“This is the first study to quantify the value of rooftop solar energy. climate changeand we show that U.S. households will save more money from rooftop solar under future weather conditions than under historical weather conditions,” explained lead author Mai Shi, a former UM visiting graduate student now at Tsinghua University in Beijing, according to MIND.

Join our free newsletter for simple advice save more And spend lessand don’t miss it this cool list simple ways to help yourself while helping the planet.