As a homeowner, there are various ways that you can save money in and around the house. It’s something that most households try to do wherever they can – and it’s amazing what you can achieve when you try. One of the biggest savings you can make comes from having solar power installed in your home. Yes, it’s a big investment, but this guide should give you a few pointers on how it can improve your life – and save you money.
You will need an expert
It’s worth getting an expert in to advise you on what solar panels can bring to your home. You should vet any potential firms thoroughly to make sure that they are reputable. Ask around your neighborhood and find someone who has solar installed and see how happy they are with it. Obviously, word of mouth recommendations are the best source of information, but you can also check online for reviews of the companies in your area.
Check your incline
Not all homes are perfect for solar power. However, all can benefit. If you have a roof that is inclined to the south, south-east and south-west, you will be in the perfect position to maximize your returns. The sun also needs a clear pathway to your home, so any trees or other buildings that are in the way could reduce your energy-making potential. However, it’s worth pointing out that if you live in an area that can get very cloudy, it isn’t going to be a problem. The sun’s rays can still penetrate through clouds although their strength may not be at full potential.
Panels are expensive
Let’s not beat around the bush here – solar panels are expensive. They can cost anything between $3,000 and $30,000 to have installed, depending on how big the project is. However, if you see it as an investment, it’s a winner – especially if you are planning to live in your home for the long-term. Even if you plan on moving within a few years, you can still claw back some of the costs involved, as solar panels are a well-known way of raising the price of your home. But…
Solar power is getting cheaper
According to this recent report, solar lead volume is on the rise. But what, exactly, does that mean for homeowners? Well, in real terms the more solar power is wanted by businesses and the general public, the cheaper it will become. In fact, at current rates, solar panels pay for themselves in no more than eight years. So, if you have the initial investment in your savings, it’s a pretty good time to think about having panels installed in your home.
You can make money
One of the best things about solar power is that they are so efficient that you can sell all of the electricity that you use back to your utility company. It’s not a lot of money in most cases, but it can all be used to make your utility bills even smaller. As we mentioned above, that all helps to pay for your initial install within five years.
We hope this has outlined some of the most important things you need to know about solar panels. You can check out some advantages of having panels installed here.