Monthly Archive: October 2015

Things to Know Before Installing Solar Panels

Things to Know Before Installing Solar Panels

It’s no doubt that installing renewable power systems, such as solar panels, provides a lot of great benefits; everything – from saving money to reducing carbon footprints. But just like many other things, installing solar panels is a big decision that anybody shouldn’t take lightly. While the cost of solar panels has gone down significantly in the recent years, renewable power systems are still considered an expensive investment. But aside from the cost, there are number of things you need to consider before going solar, and here are some of those:

Solar exposure

It’s important to realize that not all solar panels work for every home. If you live in an area where it’s always cloudy or you only get a few hours of sunlight each day, then you may want to think about whether you should install solar panels. As you know, solar panels generate energy from the sun. Well, a reputable solar panel installer/engineer should help you determine where to properly install the system and make it more efficient.

Roof size

To make your investment worthwhile, you will need a larger roof space. A large roof space allows you to install as much as solar panels you need and collect more energy. But keep in mind that there are many different types of solar panels with varying sizes and efficiency. If you want to maximize your savings, determine how much roof space you have available and find the system that will best fit to your home.

Electricity savings

While solar panels can provide significant electric savings, it’s important to know that it takes time before you can actually start getting any return on your initial investment. In many states, homeowners are expecting to see results somewhere between 10 and 20 years. Well, that really seems too long; but if you’re planning to stay at your house for that long, that shouldn’t be a problem.

Buy or lease

Many people who don’t have the capability to afford the upfront cost of solar panels are turning to leasing. While this is a great alternative for going solar, it can also have some downsides. When you decide to go with leasing, you pay for that system that will never belong to you. You may also have trouble selling your home if you have leased solar system, as most buyers would rather want to buy a brand new solar system with 30% tax credit than take over the leasing their explanation.

State and local tax

One of the many great advantages of installing solar panels is getting tax benefits and other federal incentives. However, if you’re not familiar with the tax laws, you might miss this advantage. Start searching about tax credits and benefits you can get from installing solar panels before going solar. Make sure that you also maintain your compliance with all the eligibility requirements to be able to take advantage of these benefits. If this process seems daunting to you, seek some professional advice. Visit taxreturn247.com.au for more information and guidance.

Should You Install Solar Panels on Your Roof?

Decades ago, solar panels were considered an expensive luxury. Only a very few numbers of homeowners actually have them installed on their homes. Well, this was primarily because of their price. Solar panels, as everyone of us knows, were very expensive. However, today, their cost has gone down significantly. In fact, their efficiency even improved and continuously improving. As a result, more homeowners now are considering adding solar panels at their homes. According to the Solar Energy Industries Association (SEIA), there are now almost 700,000 U.S. household and businesses with solar, and that figure is expected to continue to exponentially grow in the years to come.

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But why do more and more people are now going solar? Well, check out these reasons, and determine why you, too, should now get solar panels for your home.

  1. Plummeting costs. One of the obvious reasons why many homeowners now are deciding to go solar is because the cost of solar systems keeps getting cheaper. Since 1998, the cost of a home solar unit has dropped nearly 70 percent, from $90,000 to $30,000. And that figure is expected to fall further in the years to come.
  1. Saving benefits. Did you know that installing solar systems to your home can potentially cut your electric bills by as much as 50 percent? Yes, that, right. When you have solar panels, you rely much of the energy you use from the sun, which is a free energy source, so you’re able to reduce your monthly electric expenses. But that only that, installing solar panels also give you a federal tax credit worth 30% of the cost of your system. So, for instance, you purchased a solar unit that costs $15,000, 30% percent of the price (which equals to $4,500) would be applied as a credit to your tax bill.
  1. Earn money. Aside from saving electric expenses and receiving tax incentives, another reason why many homeowners are now investing in solar systems is because they actually give them an opportunity to generate their own electricity as well as earn money. Yes. You can earn extra cash by selling the excess power you generate to your electric company.
  1. Increase your home value. Installing solar panels also increases the value of your property. In fact, studies have shown that solar-paneled homes are sold 20% faster than homes without solar systems.

There are definitely lots of good reasons why you should install a solar panel to your property. Well, aside from those things mentioned above, you’re also given an opportunity to help save the planet when you go solar. Installing and using renewable energy sources, such as solar panels, can actually significantly decrease your carbon footprint and reduce your dependence on fossil fuels. So aside from personal benefits, you can also help contribute to make our environment clean and safe by using solar panels.

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