7 Things to Know About Solar Homes
Nearly 4% of all homes in the United States have solar panels installed. Using solar panels can be an amazing way to save money on your electric bill, but not everybody understands what they should know about solar homes. We’ve put together a brief solar guide that outlines the key information you need to keep in mind. Let’s dive in.
1. How It Works
Solar panels leverage two types of technology to convert sunlight into energy. The primary method solar panels use is called photovoltaics. The cells in solar panels absorb the photons from sunlight, creating an electric field across the different layers of the panel. This allows electricity to flow. The other technology is known as concentrating solar power (CSP). It uses mirrors to reflect and concentrate sunlight to power the panel’s receivers. These devices convert solar energy into heat and use it to produce electricity. However, this is generally reserved for large structures like commercial buildings. It is not appropriate to install these panels on residential property, so keep this in mind.
2. Financing Options
There are plenty of financing options when it comes to installing solar panels. The type available will depend on the provider you work with. Some providers are flexible when it comes to solar financing, while others have rigid policies. It’s best to find someone flexible so you can pay for the project comfortably. Keep in mind that a typical residential solar system will cost at least a few thousand dollars. Even with financing options, it’s important to stay aware of the price tag. The good news is that quality solar panel systems pay for themselves as the years go on.
3. Impact on Home Value
Installing solar panels is an amazing way to improve the value of your home. This also makes it easier for you to find potential buyers.
Many buyers have long-term plans to install solar panels on their own. With the system already in place your house will be a much more attractive option compared to others on the market. Since solar panels raise the value of your home, consider them an investment. In general, the value they contribute to your home is proportionate to the amount of money you save on your electric bill. It’s not uncommon for someone who saves hundreds per year on their electric bill to have their solar panel system raise their home’s value by thousands of dollars.
4. Environmental Benefits
Solar energy is fully renewable, allowing homeowners to reduce their greenhouse gas emissions. This serves to help protect wildlife and ecosystems. They can also improve air quality and reduce the water required for energy production. Solar panel systems don’t require additional infrastructure. Not only is this better for the environment, but it saves a substantial amount of money. It’s worth noting that solar panels can be recycled. This occurs at the end of their use life, which is approximately 30 years in most scenarios. The overall utility of each solar panel produced is vastly superior compared to other forms of energy.
5. Consider Your Climate
Unfortunately, not every homeowner can benefit from a solar panel system. Those who live in regions that don’t see a lot of sunshine won’t be able to generate enough energy. As time goes on, more research is focusing on creating high-efficiency solar panels. Some of these can even generate energy during cloudy conditions. Speaking with a professional can help determine the best course of action for your needs. Even if it seems like you won’t get much out of a solar panel system, there may be a product available that’s worth your time and money.
6. Tax Incentives
Homeowners can take advantage of government solar energy tax incentives when installing systems on their property. These will heavily depend on the state you live in. In most cases, you can deduct the money you spend on your solar panel system from your gross income. This could potentially reduce your taxable income by a substantial amount. This incentivizes homeowners to install large, comprehensive systems instead of only a panel or two. Some states also offer tax rebates for solar panel installation.
7. Getting Started
Getting started is as easy as researching providers in your area. Take a look at their reputation and determine what other clients have had to say. How did past clients feel about their professionalism and timeliness? Were they satisfied with their results? The answers to these questions will provide valuable insight into the experience you will get.
Ask friends and family members who have solar panels what provider they worked with. This can help connect you with a reliable professional. Take a look at the pricing structure so you don’t run into any financial surprises. They should be fully transparent about miscellaneous fees, as well. If they attempt to deflect questions about their pricing, it’s best to continue your search elsewhere. This will help you avoid working with a provider who can’t meet your needs. By doing your due diligence, you’ll have no trouble finding a top-tier professional like Blue Raven Solar.
Don’t Neglect Solar Homes
Solar homes come with many benefits you can’t ignore. From utility bill savings to improving your carbon footprint, it’s worth considering whether this option is right for you. Just be sure to work with the right professional.
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