Is Switching to Solar Panels The Way to Go?

By : Next Level Energy | August 30, 2019

Most solar companies have different ways of promoting their products, such as “do you know that having a solar panel can help you save lots of money?” They make it look really light, truth be told, if solar is a relatively long time investment for you it relies on some major agents. Before jumping at the opportunity, we advise that you try making use of the simple guide and make your way through the sales pitch and know if the solar panels are really worth spending your money on.

Determining if solar is worth it

When going through the solar choices, here are some questions you can ask to ascertain if solar is the way forward for you, including:

What is the cost of your electricity bill?

The present state of your electricity bill is a major determinant of the amount you can save by installing solar. You pay the bill per unit of the electricity you make use of and the amount usually differs based on the part of the country you live in. In some sections of the country, electricity bill can be as low as 8 cents per kWh; while some you could as much as 20 cents or higher.

When going solar, you install a small power plant on the roof of your house to substitute the main source of your electricity. Therefore, it means that homeowners with large utility bill will opt for solar installation which helps them save more.

What is the cost of the solar panel system?

Installation of solar does vary depending on the solar company of your choice and the type of equipment you install. Though cheap solar panels could seem worth it for 20-years savings not to be a waste it is best you invest in quality equipment even though it might seem more expensive. It best you take your time and review all the equipment and the prices to determine which suits you and your home best.

Also, remember to make inquiries about solar rewards and abatement available wherever you stay. They can cut the price by 50% or even more. The federal government normally offers about 30% solar tax discount and most states and cities have some added financial advantage for the citizens. Some companies help customers go solar by giving them financial aids.

How do you intend to finance the solar panel system?

solar panel system

Whether you decide to buy or rent your solar system for long-term use, the best means of purchase still remains by cash. It will help save cost even though the money needed will till run in tens of thousands. While solar leases and the power-purchase agreement does not need down payment of cash and it comes along other solar benefits of free maintenance and trade-off; the amount needed could just be about 10-30%of the utility bill of electricity. How workable is this in the real world.

What is the essence of having a solar panel when one is not staying in the sunny Southwest?

Though solar panels enjoy sunlight, you will be amazed to realize that you don’t have to be based in sunny Southwest to enable you to save. Most of the states like New York, Massachusetts, and New Jersey is known for the cold which is in the Northeast of the country tend to make use of solar panels more because the rate of the electricity bill is high and there are available for them.

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