While you might know that solar panels can reduce electricity costs and help the environment, there might be things about solar energy that you don’t know. Here are some fun facts about residential solar panels in Florida that you might not know.
Over 1 Million Solar Systems Have Been Installed in the U.S.
As of 2016, one million solar panel systems had been installed in the United States. While it took 40 years for the first 1 million units to be installed, experts anticipate that by the end of 2018, another 1 million systems will be installed.
Solar Is Now the Cheapest and Most Abundant Energy Source in the World
The cost of building and installing new solar electricity generation dropped to $1.65 per watt. That makes it the cheapest energy source in the world, narrowly beating out wind and substantially beating out fossil fuels. There are 89 Petawatts (PW) of potential solar energy production available on earth, also making it the world’s most abundant available source of power.
The Average Homeowner Breaks Even in as Little as 3 Years
While the cost of solar panels continues to drop, the cost of grid electricity continues to rise. This makes the “break-even” point for solar energy at an all-time low. In 2017, most homeowners saw payback periods between five and eight years and 20-year savings estimates upwards of $20,000.
Are You Thinking About Residential Solar Panels in Florida?
Solar panels for your home have many financial and environmental benefits. Contact us today to learn about how we can install a solar panel system in your house today.