The cost of installing solar panels on a home has dropped dramatically over the past decade. Is it time for your home to run on sunshine? Here are some pros and cons to consider.
1. Pro: Demolish your electric bills
Obviously by capturing free energy from the sun, you'll pay less in your utility bill. In some states, you can even earn money back by selling the unused energy your panels generate to the utility company in the form ofSolar Renewable Energy Credits (SRECs).
2. Con: Upfront cost
While installation and materials are more affordable than ever, it might take up to seven years for the system to pay for itself through the money you save. Fortunately, there are considerable tax breaks, rebates and solar-specific loans available to help homeowners get started. The federal investment tax credit allows you to deduct 30 percent of the cost of your system from your taxes. You can search for state programs on theDatabase of State Incentives for Renewables & Efficiency®.
3. Pro: Save the planet
Generating energy from fossil fuels emits harmful carbon dioxide and methane that contributes to global warming – using solar panels for power does not. And unlike other energy sources, solar power doesn't require water to process.
4. Con: Doesn't work for every roof
Some roofing materials used in older homes, like slate or cedar tiles, make it difficult for installing panels.
Insurance, cleaning, repairs. As with anything, solar panels come with their own additional costs. Wondering how much energy solar panels might be able to generate in your part of the country? Check outthis address-based calculatorfrom the Department of Energy.
Author:Wendy Rolston Phone: 951-317-1544 Dated: October 9th 2017 Views: 117 About Wendy: ...