Does It Make Sense To Install Solar Panels

Does solar power make financial sense for your home.

Does it make sense to install solar panels.

But much like adding insulation going solar can be a. Let s imagine you spend 15 000 to install a solar panel system and are eligible for a 26 federal tax credit on that. But as houses change hands that commitment could fade. So what makes a home a good fit for solar panels.

Compared to a brand new bathroom or a kitchen remodel installing solar panels on your roof is about as thrilling as insulating the attic. Nobody is my guess. The higher the electric rate you pay the sunnier your location and the greater the financial incentives the more compelling the case for solar. Installing a home solar panel system is a fantastic fiscally smart clean energy option.

The home owner that installs the roof top solar panels will probably be pretty excited about them and will maintain them to some degree. Generally solar panels create enough energy to power your whole house. That means homeowners but not renters can subtract the credit from the federal income taxes they owe in effect reducing the price of their solar purchase by nearly one third. But none of that matters all that much if your home itself just isn t a good or effective fit for the panels themselves.

Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. The direction your roof faces. If you have plans to purchase an electric vehicle in the near future it s a good idea to install a larger solar panel system so that you can use the power of the sun to charge your commute. As leaves moss and dirt accumulate through the years who is going up on the roof top to polish up those solar panels.