It might be getting colder, but now is the perfect time to plan for your spring home improvements! With solar panels all the rage, here is our lowdown on what you need to know!
What Are Solar Panels?
Solar panels convert sunlight into electricity using, smaller, interconnected silicon units called photovoltaic cells. When sunlight hits a solar panel, the highly conductive photovoltaic cells absorb the light and generate an electric current. This current is then converted into usable electricity by the solar panel.
What is the Inflation Reduction Act?
The Inflation Reduction Act, currently being debated in Congress, is a proposed piece of legislation that would reduce the rate of inflation for solar energy products. This would have a profound impact on the solar energy market, as it would make solar energy products more affordable for consumers.
Why Now?
There are a number reasons why the solar energy market is growing right now. First, solar panels have become more efficient over the years, meaning that they can produce more electricity with less space. Additionally, the cost of solar panels has dropped significantly in recent years, making them more affordable for homeowners and businesses. Finally, as awareness of climate change has grown, more people are looking for ways to reduce their carbon footprint and solar energy is one of the most effective ways to do that.
Have questions? Talk to us about anything real estate! Whether buying, purchasing, selling, leasing or anything else you need answered, contact one of Rhode Island’s top realtors and we will be glad to help!
As the temperature drops and snowflakes start to fall, it’s time to transform your home into a cozy winter haven.
As the days grow shorter and a crisp chill settles in the air, hearts around the world start to beat