Solar energy popularity has increased exponentially over the past 10 years in America. In fact, about 2.3% of all U.S households now utilize solar panels for power.
With the need for renewable energy increasing, you may be wondering, “Are solar panels worth it for me?”.
Whether you decide to take the plunge and top your home off with the best solar panels or hold off for another few years, there are a few key things you should know before making your choice. Follow along to uncover five potential decision-makers for your solar panel journey
1. It’s a Long Term Investment
If you’re looking to upgrade to solar power, it’s important to recognize that the initial investment for solar can be quite substantial. This is especially true when choosing the highest quality solar panels.
Of course, the initial cost is proving to be incredibly worthwhile in the long run. In most cases, solar panel users break even with their investment after just 10 years. After this, your lack of utility bills continues to stack up the savings.
2. There are Different Types
The type of solar panels you invest in depends on your unique circumstances. As it goes, not every solar panel is designed the same. Some are more suitable for different weather patterns, roof angles, and even power output.
When it comes to who makes the best solar panels, you’ll need to take your time to research solar panel ratings and understand the different options.
Our friends over at Blue Raven Solar are a great company to turn to when getting to know the logistics behind which solar panels are right for you and what to look for in a good grid system.
3. You’ll Still Need Power
One of the most common misconceptions when it comes to solar is that you’ll never need power from any other source again.
While it is possible to power your home 100% on solar power, it isn’t exactly reasonable. Unless you want to invest in battery backup, you’ll need to become a part of the ‘grid’. Most solar companies set you up with services to ensure you can still power your home at night or on overcast days.
Fortunately, you can often offset the cost by selling your solar panel back to the grid. When you have an excess of power from your panels, the extra power will be sold and deducted from the cost of your power consumption.
4. Panels May Increase the Value of Your Home
If you don’t plan to stay at your home for longer than 10-20 years, you may be wondering if solar panels are worth it. The short answer is – yes!
While you may not see the results on your bills quite yet, many homebuyers place a higher value on homes that already have panels installed. This could lead to a faster sale and even higher offer price from your potential buyers.
5. You May Qualify for Tax Breaks
Depending on your area and which solar panels you invest in, you may actually qualify for certain tax breaks and benefits.
Do your research in your designated area to discover what kind of financial kickbacks you may receive to weigh out the benefit of your investment!
Are Solar Panels Worth It?
When it comes down to it, solar panels are an excellent investment for almost every home. Of course, weighing out the pros and cons of your unique situation is the only way to know for sure.
Want to learn more about solar technology and finally answer the question, “Are solar panels worth it?”? Check out our other articles to discover everything you need to know and more.