The Benefits Of Solar Panels Can’t Be Ignored
With very few exceptions, solar panels are a smart investment for consumers looking to go off the grid, save money, and utilize green energy. They are affordable, durable, and work in just about every situation. If you’re thinking about going solar, keep reading for insight into the benefits the sun can shine upon you.
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Solar Panels Are Affordable
The cost to install solar panels varies from home to home. In the United States, the average homeowner spends around $16,000 up to around $20,000, but this cost is often recouped within a decade. And, if you plan to install a swimming pool or electric car charging port, your solar panels can help offset the added expense as well. With the price of electricity continuing to rise, your savings are multiplied each year.
Federal Tax Credit Of 26%
Having solar panels installed before the end of 2022 puts you in line to receive a 26% federal tax credit. If you wait until 2023, this number drops to 22%. What the credit means is that your total tax liability is reduced by 26% of what you paid for your solar panels. If you spend $20,000, your tax credit is $3,200. If you were originally going to owe $4,000 in taxes at the end of the year, your $3,200 credit would offset all but $800 of liability. Essentially, you’re getting a 26% discount sponsored by the government.
There are other financial incentives involved with installing solar panels. Depending on where you live, these might include anything from rebates from your local power company to state-sponsored tax breaks. Further, if you’re going to buy a home that you plan to install solar panels or other energy-efficient modifications on, you may qualify for the Energy Efficient Mortgage program through the FHA. This allows you to roll the cost of certain upgrades into the loan.
Solar Panels Can Be Installed Almost Anywhere
For the most part, your solar panels can be installed on any type of roof. However, as Solar Reviews points out, it needs to be in decent shape for the installation. If your roof is sagging or will need to be replaced soon, it’s probably better to take care of this before bringing in solar panels. Keep your roof free of rot and leaks by cleaning your gutters regularly. To find quality contractors, search for “gutter cleaning service near me” and read reviews and feedback from customers like you. It’s recommended that you have your gutters cleaned at least twice a year.
Even if you have a tiny roof, you may be able to have solar panels installed on a solar canopy or on the ground. Keep in mind that south-facing panels will produce more electricity, but direction doesn’t really matter as long as they get several hours of sun each day.
Solar Panels Link To The Electric Grid
If you’re worried that getting solar panels means you may not have access to electricity on cloudy days, you are, very fortunately, wrong. Solar panels are tied to your local electric grid. This means you don’t actually require batteries to store the power you collect. It also means that you’ll have access to the grid anytime you need it.
Solar Panel Installation Is Convenient
When you choose to have solar panels installed, you should know that it won’t disrupt your life. There may be a temporary disconnect from the electrical grid as your solar panel installers link things up. There may also be noise overhead throughout the installation process. If you want to learn more about the solar panel timeline, The Solar Nerd blog offers more insight, including the time it takes to apply for permits and receive tax incentives.
Solar panels are a great investment and could be one of the best home improvements you ever decide to make. With the tips above, you can live sustainably and save in the process!