So You’re Thinking About Adding Solar Panels to Your Home

Solar panels are growing in popularity, and it doesn’t look like a trend that will be going away anytime soon. The cost of solar energy has significantly decreased for a number of reasons: There are many affordable options for homeowners, there are various Federal and State incentives, and the cost of the equipment has decreased. Adding solar panels to your home can significantly reduce your utility bills and make your home more green.

Equipment Cost Decrease

The cost of a solar system depends on the size and orientation of your home. A solar system, on average can be anywhere between $15,000 and $40,000. As mentioned earlier, the price has come down significantly, making this a significant investment option for homeowners. While the initial cost may cause sticker shock, you’re going to spend the money (you’re not going to turn the lights off are you?) and the panels actually pay a positive cash flow to the owner.

Solar Panels Can Increase Home Value

A Solar System can be a worthwhile investment for a homebuyer looking for a return on the investment. Various studies have shown that homes with green features tend to sell faster and for more money. Buyers are increasingly seeking homes with green features (such as solar panels, insulation, LED lighting, tankless water heaters, etc.) because they lower the cost of energy bills.

Is Solar Energy Right For Your Home?

Talk with a local solar panel company about installing a solar system on your roof. A good installer will assess your solar access based on the orientation of your home, the size of your roof and the amount of shade.

What to Know Before Installing Solar Panels

The size of the solar system will depend on how much electricity your home is using, how much roof space you have and how much you want to invest in solar. You will need permission from your local utility company and building department before the installation of any panels. This approval process require a month or two so you’ll want to plan ahead. If your roof have 5 years or less life left in it, you may need to maintain or replace at least the portion of the roof where the solar panels will go. While it’s not hugely expensive, there is a cost to remove and then reinstall them if you’re in need of a roof replacement.

Living with Solar Panels

Good solar inverter companies will monitor your systems production after the panels are installed to make sure they are operating properly. Most of these companies are fairly high tech and will allow you to monitor your system through your computer or a smartphone app so you can see how your panels are performing. But what’s more, you get to look forward to those dwindling energy bills once those panels are installed!

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