Going green is always a good thing. However, there are some things you should know about before making the decision to go solar.
The trend these days is to go solar. Adding solar panels to your roof or your property is something many people are considering. The belief is that it can save you money, as well as limit your carbon footprint. Going green is always a good thing. However, there are some things you should know about before making the decision to go solar.
Read below the 7 things you need to know before going solar:
Solar Panel Costs
The great news is that going solar is actually going down in price. Not to mention there are many government and other programs that will aid you in the cost of setting up solar power at your home. Since 2007, the cost of installing solar power has decreased by about fifty percent. It is true, though; that it will take a few years to get back your investment, but in the long run, it can be completely worth it and is a great investment.
Increase in Your Property Value
Adding solar panels is not just a great benefit to the environment and your pocketbook; it also will likely increase the value to your home. If you want to eventually sell your home, the value of the solar panels makes a big difference. Your buyer will be going into the transaction not having to install panels and saving money on electricity right away. The solar panels on the roof also increase the square footage of your home. The addition of solar panels in most states also is considered to be exempt from additional property taxes.
Make a Profit Off of Solar Panels
You can actually make money off of the installation and usage of the solar panels. Most likely, your system will be tied into your local utility grid. The net metering from this can earn you a credit on your bill instead of costs due. This is because you may not use all of the energy that the solar panels bring in, and the remainder is used by the utility company. They pay you for the use of the power your solar panels generate. Check the regulations in your state to see what utility companies are allowed to do and not allowed to do concerning net metering.
Get Covered by Your Insurance Company
Adding solar panels to your home is a big cost and expense. It is important to protect this investment. Contact your home owner’s insurance to have an assessment done. You may have to pay more per month in your premium costs, but you will be happy you did in the case of an emergency or any other damage. Ask what can be covered in the solar panels and the costs associated with it.
The style and location of your home should be considered
Deciding to add solar panels on your roof to save money and be environmentally friendly is great. There is the consideration, however, that the type of roof you have can make a difference. The cost of installing the solar panels may be different depending on your roof. For example, a Spanish tile is likely to cost more than an asphalt shingle. The care of the solar panels will also depend on your type of roof. At this point, if you want to install solar panels, you would want to consult an expert company who knows all about it. That way, you can ask all of the questions about your roof before making a final decision.
Make Sure You Have the Right Amount of Space
When making the decision to go solar, you have more roof concerns that just the style of roof. Generally, for each kilowatt of capacity, you need one hundred square feet of space that face south (in the northern hemisphere) and is mostly unshaded. If you have a lot of trees that block out the sun, solar panels may not be a good fit for you. You may also want to consider putting them in your yard if your roof will not do. Plus, you will also need an inverter, which converts direct current to alternating current, a tie into the utility grid as mentioned before, and a monitoring system. This will take up a lot of space, so it should all be considered.
Rent Your Solar Panels
You do not even need to pay to install a solar system. The installer can pay for it, and then you pay them for the electricity that you use each month. It will be less than the utility company, and be greener. With a solar lease, you will pay a fixed monthly rate, rather than having to guess or be shocked each month as your energy consumption changes with the seasons. Look into what your state allows, as net metering and lease agreements may vary. The best part is the installer maintains, repairs, insures and upgrades the system.
Elena, the author of this article, has always been passionate about helping others get the most out of their life and reach their fullest potential. Elena is the content manager at Greenr Cabs Malta. When she’s not writing, Elena enjoys travelling to exotic places around the world.
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