When it comes to solar panel systems, there really is no one-size-fits-all price that will tell you not just how much it costs to have it installed, but how much it might save you in the long term, too.
If you’re interested in doing your bit for the environment while saving money on your electricity bills, and want to know how much of a return on your investment having solar panels installed will get you, here are a few factors to consider:
How much sunlight the system will be exposed to:
The amount of sunlight solar systems are exposed to throughout the day, will naturally have a positive impact on the electricity they are able to generate. The direction of a home towards the sun, how much shade it receives and the sort of roof it’s installed on, will also influence a solar system’s ability to generate electricity.
The amount of electricity your solar system is able to generate, will enable you to power your home for free, for longer, and so if you live in a sunny climate, your solar panels could start saving you money right away, and give you a fantastic return on your investment in a matter of years.
What you’re currently paying in electricity bills
If you’re currently paying a lot to power your home each month, the chances are that a professionally installed solar panel system could significantly reduce your monthly electricity bills, and in some instances, eliminate them altogether. The fact that you’ve made the switch to the cleanest form of renewable energy on the planet, is but a bonus.
The cost of the panels
Paying for the panels and having them installed represents a significant chunk of the overall cost of having solar power at home, and you’ll need to have a system installed that can generate a similar amount of electricity to that which you regularly consume. You can chat to a local solar panel installer for more information, or use online tools to estimate the cost of having solar panels installed, provided you know how much electricity you currently use.
What government incentives might be available
In the majority of states throughout the U.S., homeowners are actively encouraged to implement renewable energy improvements, such as installing rooftop solar, thanks to federal law. With various tax credits available, some homeowners may also be eligible for other benefits such as cash back, property tax exemption, waived fees, and expedited permits, depending on certain factors. In some instances, homeowners with solar panels may also be able to sell any surplus energy generated by their system, to utility companies.
Going solar now is a fantastic decision for homeowners seeking to save on their electricity bills and reduce their carbon footprint. For a more detailed overview of what having solar panels installed might cost you, chat to a local solar system provider.
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