Solar panels can be used to help reduce energy costs and reduce the need for gas and electric vehicles in a small amount of space, according to a new report.
The study by the Solar Energy Industries Association and the Solar Foundation says the use of solar panels on homes and commercial buildings can save about $300 to $800 a year in the U.S.
Solar panels are commonly used in residential and commercial installations and can be installed as part of a wide array of products from lighting to energy-saving appliances.
In the U-shaped residential space, the solar panels are typically attached to the exterior wall and provide solar power to the building, said Brian Schurr, vice president of government affairs at the Solar Industry Association.
Solar is not the only energy technology that can be utilized to reduce energy consumption in homes and businesses, however, the study said.
Solar panels are not only an effective means of reducing energy consumption, they are also cost effective.
Using solar panels in conjunction with other energy-efficient devices and technologies can help reduce the amount of energy consumed by homes and office buildings and help meet the nation’s energy needs, according the study.
“Solar energy can provide a significant benefit to the United States economy in a number of ways,” said Schurra.
“One of the most obvious is reducing energy use, which can be a major factor in our energy dependence on foreign oil.
Solar can also reduce energy bills and is an excellent solution for residential, commercial, and industrial uses.”
Solar energy is the most renewable form of energy.
In fact, the U.-shaped solar roof of a house can be made from just 1,000 square feet of solar cells, the report said.
That means that a typical residential solar panel will provide the equivalent of more than one full day of energy consumption during a full year, the Solar foundation said.
Solar energy has been used to save homes in the past and is expected to become more prevalent in the coming years.
Solar installations are expected to grow from a few thousand a year to over 1 million a year by 2020, according a 2017 report by the Energy Information Administration.
In a recent study, the National Renewable Energy Laboratory said solar could save consumers $2.8 trillion over the next 20 years.
The National Renewed Energy Laboratory predicts that solar will provide 25 percent of the nations electricity needs by 2030.