Solar panels absorb sunlight and convert it into electricity using photovoltaic cells. This electricity can power your home or factory, reducing reliance on traditional energy sources.

The savings vary based on your location, energy consumption, and system size. However, most users see a significant reduction in their energy bills, often cutting costs by 50% or more over time.

Yes, solar panels still generate electricity on cloudy or rainy days, though at a reduced efficiency. Modern solar systems can still perform well even with indirect sunlight.

The space required depends on your energy needs. Typically, residential systems need around 300 to 500 square feet, while factories may require larger areas depending on energy consumption.

Solar panels generally last 25-30 years, with many still operating efficiently after that. Inverters may need replacement every 10-15 years, but overall maintenance is minimal.

For on-grid systems, a battery backup is not necessary as you can rely on the grid when the sun isn’t shining. However, for areas prone to power outages, battery storage can provide energy during grid failures.

Net metering allows you to send excess electricity generated by your solar panels back to the grid. In return, you receive credits on your electricity bill, making the system more cost-effective.

On average, it takes 5 to 7 years to recover your investment through energy savings, depending on system size, energy costs, and any available government incentives.

Yes, properties with solar systems often see increased market value. Solar installations are considered a long-term asset, making homes and factories more attractive to buyers.

Many governments offer tax credits, rebates, and other incentives to reduce the cost of solar installations. Check your local policies for details, as these incentives can significantly reduce upfront costs.