Many people are reap the financial benefits solar energy on the roof. As global temperatures rise, rooftop solar users are expected to derive even more value from these renewable energy sources.

Solar systems significantly reduce homeowners’ electricity bills and last about 25 years, according to University of Michigan News. However, those who continue to use solar on their roof in the future will see its value increase.

The UM research team took into account household electricity bill savings plus revenue generated from selling additional electricity to the grid, minus installation costs.

Comparing these figures, the study found that solar on the roof its future value will increase by up to 19%. One of the main reasons is the expected increase in demand for residential air conditioning due to rising global temperatures.

“It’s important for households to think about future value when building solar,” said Michael Craig, lead author of the study and assistant professor of energy systems in the University’s School for Environment and Sustainability. UM and industrial and operations engineering in the College of Engineering. “If households did so, our results indicate they would see even greater value in solar power and might decide to build more.”

In addition to financial gain, homes and communities with residential solar can be less dependent on the grid, making them more resilient during extreme weather conditions events, which have become more severe and more frequent as global temperatures rise.

Like the popularity of solar has increased, as have the options for providers and equipment. Those new to solar energy, as well as those researching their next solar system, can find quick answers and helpful advice from EnergyWise.

The online market free tools allow you to get quick solar installation estimates and compare quotes after answering a few brief questions.

Simply answer the brief questions on its website and explore EnergySage free tools to get quick solar installation estimates and compare quotes. Once you have your system in place, you can enjoy the money saved on utilities and be better equipped for the future.

If you were to install solar panels in your home, which of these factors would be your main motivation?

Energy independence

Reduce electricity bills

Help the planet

No chance that I will ever go solar

Click on your choice to see the results and express your opinion

“This is the first study to quantify the value of rooftop solar energy under climate changeand we show that households across the United States will realize greater savings from rooftop solar under future weather conditions than under historical weather conditions,” explained lead author Mai Shi, a former doctoral student invited to UM, now at Tsinghua University in Beijing, by MU.

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