Many homeowners these days are thinking about installing solar panels and making their homes more sustainable. While solar is a great idea in many cases, you still need to know what you’re getting into before you start having panels installed. Here are four things every homeowner who’s considering solar power should know.
Over time, the savings from not having to carry an electrical bill will more than pay for the cost of having solar panels installed. With that said, the break-even point for solar panels is usually several years after they’re installed. Don’t expect to save money immediately, since there is a large up-front cost associated with putting solar panels on your home.
The solar business is hot right now, and there are many companies competing to put their panels on buyers’ homes. Because of this, it’s important to get competitive estimates from several solar installation companies, such as Harmon Solar, so that you get the best price. In some cases, you may even be able to use competing estimates to get lower bids from one or more of the vendors you’re negotiating with.
One of the best parts of installing solar panels from a financial perspective is the increase in the value of your property. Buyers will be more than willing to pay for the convenience of getting around electrical bills. You’ll also be able to market your home to educated professionals who are concerned about their environmental footprints. When you are ready to sell, expect to get a significantly higher price if you have a home solar system.
Because of the high cost of installing solar panels, most companies that offer them provide some kind of financing plan. By financing the project, you can enjoy the benefits of solar without having to pay for it out of pocket. Financing offers are especially attractive these days, since the general low interest rate environment makes it possible to finance solar projects with relatively little extra expense.
By keeping these things in mind, you’ll be able to make an informed decision about whether or not you should add solar panels to your home. Now is a great time to get solar panels installed, since the technology has become cheaper, more reliable and more efficient than when it was first introduced.