The cost of solar panels has continued to decline over the last few years, and if you’re considering investing in a new system, there are some essential things you should know before making a decision.
The first is your region’s weather and climate, which affect how much sunlight hits your roof and whether it can support solar panels. This is important because you’ll want your installation to maximize your solar power production and minimize costs.
Cost
The solar installation cost will vary greatly depending on your location and the type of solar panel you choose. Daily energy will also affect the number of panels you need to cover your electric bill.
The most popular residential solar options are monocrystalline and polycrystalline photovoltaic (PV) panels, which produce the most electricity for their size. Thin-film solar panels are also available but have lower efficiency ratings and require more space.
The installation price will include solar panels, parts, labor, permits, and other overhead. A solar system will take about nine to 12 years to pay for itself.
Energy Efficiency
One of the best ways to save money on energy costs and reduce pollution is to make sure you’re using energy-efficient products. From LED bulbs to energy-efficient electronics, solar installers near me can purchase or install many things to help you reduce your use of traditional electricity.
Energy efficiency also has environmental benefits, like reducing air and water pollution and cutting greenhouse gas emissions. It can also provide long-term economic benefits, such as lowering utility bills and creating jobs.
However, as with most technologies, energy efficiency will lose some of its effectiveness over time. This is called the degradation rate. To avoid this, it’s essential to maintain your solar panels regularly. Keep them clean by rinsing off any dirt or grime that could cause the cells to lose efficiency.
Maintenance
Solar panels are one of the most durable and resilient forms of energy generation, but they need proper maintenance to keep them working at their best. Regular professional care can extend your system’s life by several years.
Solar systems from solar by Peak to Peak can help prolong your roof’s lifespan as an added benefit. By removing harmful debris, you can prevent deterioration and preserve the quality of your roofing.
Solar installation requires paperwork and permits for final approval, as with any significant investment. This process can take months to complete.
Warranty
A solar panel warranty is one of the essential benefits to look for in a solar installation. It protects you against the expense of replacing faulty panels and other equipment.
The warranty usually covers the panels themselves against defects and premature light-induced degradation. Some warranties also cover inverters and batteries.
Most manufacturers offer ten or 12-year equipment warranties, and some premium panels offer 25-year protection. Some work with the best manufacturers to protect your investment for as long as possible.
Taxes
The cost of installing a solar system depends on many factors, including how much energy you use and your local electricity rates. Considering the tax credits associated with going solar and rebates from your utility company and state would be best.
The federal government offers homeowners and businesses a solar investment tax credit (ITC), allowing you to claim 30% of the cost of your system from your taxes. It’s set to expire in 2033, so getting started early is crucial.
The ITC is a great incentive to install solar, especially with increasing utility electricity prices. However, it’s important to note that the ITC only applies to systems you own and does not apply to leases or power purchase agreements (PPAs).
