Around the globe, more and more homeowners are electing to install residential solar power systems. Their motivation is to reduce long-term energy costs while minimizing their carbon footprint.
According to a report by SEIA, a record amount of residential solar capacity was installed in Q3 2019, and overall growth for 2019 is estimated at 23%, with growth expected to continue in the coming years. This rapid development has stemmed mostly from improvements in the efficiency and lower cost of the latest solar power systems.
The components of a home solar power system include:
- Solar panels
- Solar inverter
- Solar racking
- Solar performance monitoring
- Solar storage