In recent years, the amount of grid-connected solar energy has grown exponentially, and many homes in Madrid already generate their own power from the sun. With all this interest, here are the main benefits of a solar panel installation in Madrid.
Residential solar is a hot topic. This clean energy source makes the grid more reliable, helps homeowners save money and improves the value of their homes. What are the five main benefits of residential solar? Find out here.
1. Solar panels are increasingly affordable
With extended tax relief for residential solar, it is more affordable than ever. Taxpayers can now claim a larger tax credit on the cost of a solar system in their income tax.
There are also different financing options that make buying and installing solar easier and with less money upfront, and the monthly repayment on a solar loan can be lower than an average utility bill.
2. You can save money with solar
Solar offers great potential for saving on utility bills. With bills trending upwards, solar is likely to remain a good way to save money. How much you save depends on how much electricity you use, the size of your solar system and how much energy it generates.
You can also opt for a lease arrangement that lets homeowners host solar systems on their roofs and buy the electricity generated at a discounted rate, lower than utility tariffs and fixed for years.
3. Keep the lights on when the grid goes down
Generating your own solar energy lets you keep the lights on during a power cut. Residential solar systems with battery storage supply power regardless of the weather or time of day, so homeowners do not have to depend on grid back-up.
As battery technology improves and financial incentives take effect, investing in battery storage will make sense for more and more households.
4. Solar usually increases home value
Installing solar panels is likely to increase the value of your home. Studies show that solar PV is regarded as an upgrade, and buyers are willing to pay a premium for a property with a typical-sized solar system.
For third-party-owned systems, the impact is largely neutral, though they can add value, especially with prepaid leases.
5. Solar systems work in many climates
Solar panels need one thing to generate electricity: sunlight. Even in winter, with fewer daylight hours, there is enough to power an average home, which makes solar viable even in places with long, cold winters.
The essentials
Do you rent your home or live in a high-rise flat? No problem: Keiken Engineering has the right solar solution for every need. If you want to enjoy the benefits of solar for years to come, contact our experts today. Call us to discuss a solar panel installation in Madrid and get started.
