What You Should Know About Solar Panels for Your Home

October 28, 2021

A growing number of homeowners install solar panels each year—but just like with any home upgrade, you don’t want to rush into it without doing plenty of research.

This post acts as a good starting point by teaching you some solar panel basics.

They’re getting less expensive

The price for solar panels varies based on your location and number of panels. The one thing that’s constant is that they’re getting cheaper! In fact, the price of solar panels has dropped 70 percent over the last decade. This price drop is due to technological advancements that make component production cheaper along with better installation methods.

You may qualify for tax credits

Some homeowners can get 26 percent of their solar investment back through federal tax credits with the Investment Tax Credit (ITC). Keep in mind that this doesn’t apply to everyone. Be sure to talk to your solar specialist to see if you can qualify.

Installation is speedy

Homeowners are often pleasantly surprised to find that the turnaround time for solar panels is very fast. The process starts with a consultation and inspection. After everything is finalized, it only takes a few days of work to get panels up and running. Plus, you’ll start seeing energy savings right away.

Not all roofs can support solar panels

It’s unfortunate, but solar panels aren’t right for every roof. Roofs can’t be obstructed by shady trees, chimneys or other objects that could block the panels. Although it’s not a hard rule, the best roofs for solar panels are southward facing and have a 15- to 40-degree slope.

You can still get panels if your roof doesn’t qualify

If your roof can’t support solar panels, don’t worry. Ground-mounted solar installations are a fantastic choice for homeowners who can’t go solar due to a failing roof. Another option would be a community subscription model, where neighbors all connect to a shared solar installation.

The break-even point varies for each home

Many homeowners are concerned about their break-even point—the time at which electric bill savings offset solar panel installation costs. Unfortunately, your installation professional may not be able to give you a precise estimate. The time frame varies from home to home, but it usually takes about eight years.

Don’t set your expectations too high

It’d be nice if solar panels could eliminate your energy bills, but that’s not realistic. Even if you’re in a fantastic location for solar energy, solar panels can’t operate at 100 percent efficiency all the time. While you will see a reduction in your monthly energy costs, don’t expect to have free energy all year long.

Speak to your installation professional to get an estimate of how much you can save each month by going solar.

Schedule your evaluation today

Solar panel installation starts with an evaluation from our professionals at Aneva Solar. We’ll come out to your property and inspect your home to ensure it’s a good fit for solar panels. Contact us today to schedule your free consultation, and see how you can save up to 20 percent by working with our team.

Categorised in:

Aneva Solar