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its growing impact across american households

Before adding a home solar energy system, it's important to understand how they function. The goal here is not to make you an expert in solar technology. Our intent is to help you gain a basic insight that will eliminate some of the mystery of how these systems operate. We'll run through all you need to know...

Solar panels are the most important element of any solar energy system. They are the means by which sun rays are captured and converted into electrical energy. Photovoltaic cells composed of semiconductor materials, generate a direct current (DC) when exposed to sunlight.

The inverter converts DC electricity produced by the solar panels into alternating current (AC).  AC power is what most household appliances use.

AC electricity from the inverter is sent to the electrical panel, also known as the breaker box. The electrical panel allows solar-generated electricity to be used by the home's electrical system.

Battery components store excess energy generated by solar panels. This allows energy to be stored during times when solar panels are not generating electricity, such as at night or during periods of low sunlight. Storing energy during off peak periods allows homeowner's to take advantage of time-of-use (TOU) electricity pricing. TOU rates vary depending on the time of day, with higher rates during peak demand periods. Storing excess solar energy saves money by avoiding these high usage periods.

An appropriately sized solar energy system typically has the ability to satisfy the electricity needs of a residential home. That said, solar homes are usually connected to the grid. This allows excess solar electricity generated during the day to be sent back to the grid for credits and used at night or when the solar system isn't producing enough electricity. Remaining connected to the grid ensures a constant supply of electricity for your home. 

The role of a residential solar monitoring system is to track and analyze the systems overall performance. Monitoring systems offer real-time data on energy production and consumption. This allows homeowners to monitor the efficiency and effectiveness of their solar system and make adjustments if necessary.

Solar energy systems give homeowners the ability to generate their own energy and reduce their reliance on the grid. We've outlined the biggest consumer benefits. 

According to the U.S. Department of Energy, homeowners save an average of $600 per year on energy costs by purchasing a solar energy system.

Solar energy is safe, renewable and sustainable.

Solar energy assures you won't be left in the dark or not be able to maintain a comfortable home temperature. when storms bring down power lines.

According to a study conducted by the Lawrence Berkeley National Laboratory, a typical home that adds a solar energy system, increases the value by an average of $20,000

Homeowner's who install solar energy systems prior to 2030 are eligible to receive a 30% credit on their purchase. While tax credits will still be available after 2030, the amount will depreciate with each subsequent year.

Whether you buy or lease a home solar power system depends on your financial situation and long-term goals. Purchasing a system requires upfront capital but can provide significant long term financial savings. If your goal is to remain in the home a long period of time, buying a system may be the best option. That said, if you prefer a lower upfront cost and are not certain how long you will be living in your current home, leasing will have it's share of advantages  It's important to carefully weigh the pros and cons of each option and consider your personal circumstances before making a decision.