Over the next several years, more and more homeowners will decide to take the plunge and invest in solar panels for their property. With all the benefits they can provide for your property, it’s good to do a little homework beforehand so you understand what to expect and are prepared for the installation process. Below are five factors we think you should keep in mind when making the decision to go solar:
Initial Costs
You do want to keep in mind that the installation of solar panels is a long-term opportunity to save money. There is money that needs to be spent that is associated with the switch, like the cost of actually purchasing and installing the panels. The actual price to install panels can depend on where you live, the size and pitch of your roof, and other details about your home. But, in some cases, solar panels have been known to pay for themselves in just a few years. There are ways to get your money back that you’ve invested also, such as the Federal Solar Tax Credit, which allows you to deduct 26% of the cost of your solar panel installation from your taxes. There are other solar incentives in some states as well, so be sure to do your research on what’s available before making a final decision.
Location
Depending on where you live, it may make more sense to install solar panels. For instance, if you’re searching for Wethersfield CT solar installation, you’ll find that there are plenty of companies that will offer you a variety of options. The reason being is that the sun shines more brightly in some states, making it easier to produce solar power. In addition to this, state and local governments have different rules when it comes to solar installation. Doing your research on what’s available in your area is one of the best things you can do.
Leasing Or Buying Solar Panels
If you’re considering solar energy, you may not realize that you can lease or buy solar panels. Essentially, the main difference between the two is that when you lease, you’re paying to use the panels, while if you purchase them, you own them outright. There are pros and cons to both options that you’ll want to consider before making a decision. For instance, when you lease solar panels, you may not have to pay anything upfront and there may be little to no maintenance costs. However, you may not be able to take advantage of certain tax breaks and incentives that are available to those who own their panels.
Solar Panel Maintenance
Another important factor is knowing that you should have someone who can maintain your solar panels once they are installed. For example, residents in Connecticut can search for a Southington CT solar company that offers solar panel maintenance services. This is important because solar panels can last for many years, but they will eventually need to be replaced. Having a company that you trust to maintain your panels will ensure that they last as long as possible.
Solar Power And Your Home’s Resale Value
Finally, it’s beneficial to consider the value that you’re adding to your property. They can be seen as a valuable asset and may increase the resale value of your home. If you live in an area where power outages are common, having solar panels can be seen as a major selling point for potential buyers.
Installing solar panels on your property is a big decision. But, if you keep these five factors in mind, you’ll be well on your way to making the best decision for you and your family.