Saturday, 06 June 2020

Considerations Before Going Solar: What Homeowners Need to Know

Written by Posted On Saturday, 20 October 2018 19:51

With residential solar panels becoming more and more popular, thousands of homeowners make the switch into this eco-friendly choice every year. With that said, before installing panels, you do need to take into consideration a few key factors.

Let's get int what you need to know!

Your Home's Efficiency

If you have an older or dated home that has, say, 50-year-old windows, leaky air ducts, or subpar insulation, it's probably not very beneficial to start with solar panels. Instead, you should focus on taking care of those upgrades first. Otherwise, you won't reap the fantastic financial benefits that come with these panels.

Energy-efficient homes require fewer solar panels than less efficient homes- so this will also help serve you financially.

Your Current Roof Condition

While roofs can last upwards to 20 years, if your roof is reaching the end of its life stage, you may need to replace it before installing solar panels. If it turns out that you need to replace your roof after the installation, you'll spend thousands to remove and reattach the panels later on.

PS: In case you were wondering, solar panel installation companies can easily install panels on recently reshingled homes. 

Your Financial Options

Today, you have the choice between outright purchasing, leasing, or financing your solar panel installation. All of these have pros and cons, and it's essential that you parse those out before making your final decision.

For example, if you choose to purchase them directly, you'll have to spend anywhere between $10,000-$20,000 depending on your home's size and energy needs. However, the purchase can improve your home's resale value and direct you the most short-term and long-term savings. Leases, on the other hand, will cost you less money upfront, but you won't make as much money long-term due to the monthly payments.

With that said, there are several federal and state tax incentives available to offset the costs. 

Types of Panels & Amount of Power 

If you didn't know this before, not all solar panels are created equal. In fact, there are several manufacturers available, and it's certainly not a one-size-fits-all process. Every home is different, and even the same system on a different house can produce different results.

The solar panel production varies depending on several factors including the angles of the roof, the size of the roof, average outdoor climate and geographical latitude, and surrounding trees and sources of shade. 

The Installer 

Like any home remodeling project, it's important that you trust, value, and feel safe and supported by your solar panel installer. You should only use a licensed and trained professional, and don't be afraid to ask questions or obtain references! Any competent installer will be happy to address any concerns you may have.

Most people want to know when their panels start generating electricity. Of course the installation process won't happen overnight, but your installer should be able to provide you with an accurate estimate of when to expect savings. This figure can vary anywhere between 1-6 months, so make sure that you ask!

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