Benefits of Solar Installation Checklist
Aside from the great benefits of helping the planet, solar energy can be pretty interesting to homeowners who are sick and tired of paying an arm and a leg for the electricity bill every month. Given that there is much more use of technology such as electronic cars and ac systems for the summer, your electricity bill is at its max. Given that outfitting a home with solar panels comes with considerable costs upfront, though, is doing so practical from a financial standpoint? Can solar power in fact save me money? Solar can do that and more. The following are a few benefits of solar installation:
Some Homes Produce More Than Others
To start off, installing Photovoltaic power systems (aka solar panels) will vary depending on the house you live in. To make more sense, your house might be larger than my house or you might live in a home with less sun exposure than mine. My house may be in an area where solar power is much more available and therefore more affordable. For example a house in California will be exposed to more sun than a house in New York. This goes on and on. A great tool that Google just launched out is called Project Sunroof that works to determine how much your home is exposed to the sun and how much energy is produced. Simply type in your address and they will generate the amount you will receive. This is a beneficial tool to use to do research before you install your solar system with Solar Connection.
Lowering Your Bill
It’s this really true? When people say, “You will save money when you switch to solar!” On the flip side, you will need to drop a pretty penny upfont in order to install and pay for the equipment. The big question here is whether the potential savings will outweigh the expenditures, or to be more clear, are you actually going to save money? Let’s see the numbers, shall we? According to the energy information organization the average size house in the US can run from 15,000-40,000. Don’t let that discourage you there are a couple of financial plans Solar Connection can help you. If you decide to pay upfront, you may qualify for government incentives that can cut the cost of your system. You are able to get a state tax credit of 30% of qualified expenditures for your system, and it cuts the time it would take your savings to be balanced out or exceed the initial investment.
The answer at the end will be yes, you will save money with solar. With the system covering around 40 percent of your household electricity usage, and your 20-year benefits of utilizing the system would total $37,000. If the upfront cost of a system after tax incentives amounts to $17,000 and if you deduct that from the benefits, the 20-year savings comes out to $20,000. In other words, it would take nine years to pay back that initial investment.
Add Value To Your Home
This has got to be one of the many smart investments many owners have done in the past. Installing new solar panels will make your property value go up. If you decide to leave the home and have not finished paying for the installation there are ways to transfer those payments over to the new homeowners. This way you don’t feel like you are entitled to live in the home for many years. If you want to know what you are qualified for or what plan fits best for you, please call Solar Connection at (888) 988-4963 or email us at ask@solarconnection.com.
For a free estimate click here.