According to studies, homes with solar energy systems actually sell for more than homes without them. Across the United States, switching to solar energy could increase the value of your property even more than a kitchen renovation. This is another reason why solar panels are worthwhile. Although solar energy is a major investment up front, it shows that solar energy pays off in the long run.
For 25 years, solar energy costs less than half what it would pay the utility to produce the same amount of energy. Many American households spend hundreds of dollars each month on their energy bills, and solar panels are often the most effective way to reduce that amount. The loan has a shorter term than the lifespan of a solar energy system, meaning you'll get significantly greater financial benefits when your loan is repaid. This means that, under the right circumstances, installing solar energy before you move could be profitable for you.
By comparing multiple solar energy quotes, you will gain greater competition for your business and transparency, which will ultimately mean a higher quality installation at the right price. However, instead of utility power, you'll need to compare solar energy to the costs of operating a power line to your property (if possible) or look for alternative energy sources, such as wind, hydro, or a reliable generator. Ongoing maintenance and additional equipment, such as inverters and solar batteries, constitute the remaining costs of the solar panel system. Solar panels generate their own energy and can therefore largely offset your monthly electricity bill, if not eliminate it.
If these factors apply to you, you might find that you can save little or no money by using solar energy. In addition, roofs facing south, southwest or west (in the northern hemisphere) receive more direct radiation from the sun, so the panels will generate more solar energy. The initial costs of solar panels are often the biggest consideration when using solar energy, leading many homeowners to wonder if solar is worth it. This is because it can be difficult, if not entirely impossible, to remove solar panels from the roof and reinstall them on a new one.
The rising cost of electricity from traditional sources makes solar installation seem like a no-brainer for many homeowners. To find out if it's worth using solar energy or not, you need to calculate your current electricity rates against your potential savings. In the long run, it is worth opting for solar energy as soon as possible for most buyers, rather than expecting a much cheaper price in the future.