Is solar panels installation worth it? What are the benefits of solar panels for your home? Here is an in-depth look at the benefits of solar panels in homes to determine if they are worth the effort.
There is an increase in the use of solar panels as an alternative source of energy. This source of energy is dubbed as clean, renewable and cheaper than electricity. Also, with climate change becoming a real threat, most people are advocating for such sources of energy to deal with greenhouse gas emissions.
Benefits of Solar Panels in Homes
- High Energy Levels from Solar Panels
The amount of energy produced by solar panels depends on the type, size and number of panels and the amount of sunlight that is available. Most solar panels can produce up to half of the daily electricity needs of a home. Pick a solar panel installation company that can give a reliable estimate of how much power you are likely to get from the system, considering the angle of your roof, solar panel setup for home, current weather in the area and the orientation of the roof to the sun.
- Solar Panels can Help Save on Energy Costs
The cost of electricity keeps on getting high by the day. However, with a solar panel, you only pay for the cost of installation and purchase of the panels. If the solar panels take care of at least half of the home power needs, you save half of your monthly bills. Over the years, you will cover the cost of purchase and installation of solar panels and start to use free energy. This is the biggest benefit of solar panels to your home. In some homes, solar panels can take over the supply of electricity.
- Solar Panels Enhance the Looks of the House
Solar panels are no longer the unsightly appendages that were fixed onto the roof. Today, solar panels for home use are smart and neatly placed while others are incorporated into your home’s roofline. Therefore, they enhance the look of your home while giving you several options on ways that you will have them installed.
- Green Energy
The burning of fossil oil is the lead contributor to the increase in greenhouse gases that increase the average global temperatures. Scientists across the world are advocating for green sources of energy that include solar and wind. They are safe for the environment and do not get depleted due to continuous use.
- Low Maintenance Costs
Solar panels do not require frequent maintenance. Once you install the panels, you enjoy a long warranty period and virtually maintenance free period of energy production.
- Comes with Attractive Incentives
Many states are giving tax credits and other incentives to homeowners who decide to go solar. A combination of these incentives lowers the cost of owning a solar system to as high as 30 per cent.
Do Solar Panels Increase the Value of your Home?
Have learnt the benefits of solar panels as stated above, it is time to decide if solar panels have any effect on the resale value of your home. However, there is not a single yes or no answer to this question. Several factors influence the change of the value of your house due to the installation of the solar panels as listed below.
Are Solar Panels Owned or Leased?
An owned and fully paid solar system is more attractive than a leased solar system as the owner would have to pay monthly charges, which cut down the perceived savings on the energy costs. Also, just like other lease agreements, there is a long credit approval process when there is a change of ownership.
How much Energy are the Solar Panels Producing? What is the Percentage of Solar Energy on the Total Home Energy Consumption?
The higher amount of energy produced and a higher percentage of the total energy needs makes the house more attractive to new homeowners.
What is the Starting Value of the Home?
Higher priced homes tend to receive more value when solar panels are installed. Other factors that influence this aspect include:
- The type of home
- The location of the home
The location of your home influences the kind of buyers you may get as well as weather patterns. Weather patterns, in turn, dictate the amount of energy received.
Solar energy has several benefits to homeowners. These include low costs of energy, lowered carbon footprint and maintenance-free operation.
However, the perceived increase in the value of a home after the installation of the solar panel depends on various factors. It is essential to consider these factors and their effect on the perceived value of your home should you decide to sell it.
Make informed decisions to get the benefits when you own the house and a positive change in value when it is time to sell the property.