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How Do Solar Panels Reduce Energy Costs?

By February 9, 2023Blog, News
Solar panels on roof of a commercial grain mill building with trees, grain silos and blue sky in the background.

Solar panels are not just good for the environment, but they are also a great way to reduce commercial electric bills. Many companies, hoping to decrease their energy costs, are investing in solar panels for their business. But how does that work? How can solar panels reduce energy costs?

In this article, let’s learn the idea behind how solar panels reduce energy costs.

How Do Solar Panels Work?

Closeup view of the squares on a blue polycrystalline commercial solar panel against a blue sky with a few clouds.

Solar panels are included in the equipment that works to generate solar power. Essentially, solar power is generated by using the energy from the sun, and the panels then convert this energy into electricity. The photovoltaic panels are at play here, and the sunlight reaches these panels to release photons.

The photons are found in sunlight; these are packets of energy that hit the solar places and release free electrons that help with the generation of electricity. The panels are made of semi-conducting materials that are usually made of silicon. They conduct the free electrons that generate electricity.

These panels should be exposed to the sun so they can grab as much sunlight as possible. For commercial purposes, it is important to place them on a south-facing roof, so they are exposed to a lot of sunlight. Furthermore, to get more exposure, they should be laid in an angled position with an angle of  30 degrees. Moreover, there shouldn’t be any infrastructure or vegetation that can cast a shadow on the panels. This is because a shadow can hinder the production of energy.

Inverters are connected to solar panels, so they can convert the energy from the solar panel to electricity, and that is how we can use solar power in our business.

Can You Save Money With Solar Panels?

Aerial view of a solar company worker standing among black commercial solar panels on a green building roof with a green building in the background.

If you are thinking about investing in commercial solar panels, then you may wonder if it will actually save you any money. The straightforward answer to your question is yes! Solar panels can help you with saving money on electricity bills. But there are many factors to consider here. These factors contribute to exactly how much money you will be able to save. For instance, the more direct hours of sunlight you get, the more energy you will be able to produce. Furthermore, the placement of solar panels also adds to the amount of energy generated.

However, the biggest factor remains to be the electricity rates in your locality and how much energy you consume. If you pay a large amount for your electricity, then that means that you will be able to save a lot of money.

When you think about saving money with solar panels, you can use this solar calculator to help you calculate the estimate of electricity bills you may end up saving. Moreover, you will also have to estimate what the grid electricity rates are at the moment and how they will increase in the years to come.

In comparison to this, solar panels are more of an upfront and one-time investment where you can include the cost of the equipment and installation. You will be able to recoup the cost of the installation and equipment when you save money on your electrical bills.

If you want maximum savings, it is very important that you chose the right solar panel. The sizes of the panel play a very important role in the generation of electricity and therefore, save you money. If you go for a bigger panel, then that would mean that you generate more electricity, so it meets all your energy needs without you relying on conventional methods.

Furthermore, you can also install an energy storage system so you can completely depend on solar power alone. The system will allow you to save energy that your panels make during the day and use them at night. In addition, solar panels have a long life and will last you for many decades. You won’t have to invest in a new panel system for at least 30-40 years if you maintain them properly. Therefore, it is a great investment and will only help you save large amounts of money in the longer run.

How To Make The Most From Your Solar Panels?

Ground-mounted solar panels in foreground against a downtown city skyline and bay in the background.

Do you want to save as much money as possible with your solar panels? Here are some tips that can help you make the most of your panels.

Get Tax Credits

If you are using solar panels then that means that you are taking decisions that are environmentally conscious. Some countries offer tax credits for all the residents who make efforts to reduce their carbon footprint. For some states, the government will even offer to pay some percentage of the installation costs for your solar panels. This can motivate many people to install solar panels and save up on a lot of money and have a clear conscience that they are contributing to saving the environment.

Schedule Electricity Usage

Solar power runs on the energy it gets from the sun, and therefore, it works best and more efficiently during the day. In this case, it is a very good idea for you to schedule the usage of electricity in a way where you get most of your electric work done during the day. If you are running a commercial solar panel system, then you must use the daytime for the maximum production or servicing so that you can use the direct energy being produced in real-time.

Leave very little work for nighttime as, at that time, the solar panels cannot generate electricity.

Pair More Renewable System

Solar panels are a renewable system, but they are not the only renewable system. You can combine them with other renewable systems to minimize your use of conventional electricity. Other renewable systems include wind turbines, thermal panels, and more. These systems cannot work as efficiently as solar panels but they can work in support of solar systems and work best for commercial purposes.

Energy Storage

Solar power is only generated during the day, but when the sun goes down, the solar panels cannot generate any more electricity. But that does not mean that you don’t need electricity at that time.

To deal with this you can invest in a solar battery or energy storage. This equipment will save energy for you during the day, so you can use it at night. This means that even if you can’t generate electricity during the night, you still will not have to depend on the grid to meet your electrical needs.

Conserve Electricity

Conserving electricity is very important. The more energy you conserve, the more you will have to use in the longer run. There is no use in wasting energy when you can conserve it for the future. There are several ways you can conserve energy; here are some tips for you:

  • Use LED lights to conserve energy
  • Turn off lights and appliances when not in use
  • Ensure your home is well insulated and there are no leaks
  • Open windows when the weather is pleasant
  • Maintain your electrical appliance to get the maximum output
  • Don’t keep your appliances on stand by
  • Take shorter showers

Maintain Your Panels

If you want your solar panels to be very efficient, then you must clean them on a regular basis. Clean solar panels will mean that they produce more electricity. Cleaning solar panels is not particularly easy, and it is best that you take help from the right experts. You can hire a maintenance team to clean the panels for you, so the output is maximum.

Call Coldwell Solar Today!

Why waste a great opportunity to save as much money as possible? Coldwell Solar systems are here to help you install solar panels that can save money on electricity bills. We believe in not just saving money but also reducing the carbon footprint of the population at large.

We are a family-run business and have been working since 1986. With our help, you can install the best solar panel and get good customer service. We try our best to ensure that our customers are completely satisfied with the services we offer.

If to want to make a difference and save money, you must join hands with us, and we will together build a better and more environmentally friendly society.

The Fed has passed a bill granting renewable energy funds, meaning an expanded tax credit for renewable energy users

Contact us to learn how you can benefit today